Thinking about moving to Canada, and particularly Calgary? You’re not alone! Calgary has become a top destination for individuals and families looking for a unique balance of urban amenities and natural beauty. Whether you're relocating for work, education, or simply seeking a new lifestyle, understanding Calgary's housing market can be a significant factor in making your decision. Let’s dive into a detailed look at Calgary’s real estate trends with insights into the average daily sales over the past five years.

In this post, we’ll break down the information from the two insightful charts above, each presenting a perspective on Calgary’s real estate landscape by examining average daily sales of various property types. This analysis will help you understand the rhythm of Calgary’s housing market, what kinds of homes people are buying, and when activity tends to peak and dip throughout the year.

Chart Analysis: Average Daily Sales by Property Type

The first chart focuses on average daily sales for each property type—Detached, Apartment, Row/Townhouse, and Semi-Detached (Half Duplex). Here’s a month-by-month breakdown of each type:

1. January to March - A Steady Start to the Year

The year starts off steady in January, with detached homes dominating sales (around 30 daily on average) and moderate sales across other types. By February, the market gains momentum, particularly for detached homes (49) and apartments (16), signaling the beginning of the spring market buildup. March sees an even higher increase in daily sales across all property types, with detached homes hitting an average of 58 sales per day.

2. April to June - The Market Heats Up

April through June is Calgary’s prime real estate season. Detached homes consistently lead in sales (56 to 58 per day), but there's a significant boost across all property types. For instance, apartment sales rise to about 20 daily in May, while row/townhouses and semi-detached properties also see increases, likely reflecting higher demand from first-time buyers or those seeking more affordable options than single-family detached homes. This spring surge aligns with warmer weather, making it easier for buyers to move and sellers to showcase properties.

3. July to September - Sustained Activity with a Slow Descent

Although the market remains strong in the summer months, July marks the beginning of a slight dip. Detached homes still lead (with about 48 daily sales), while apartments, row/townhouses, and semi-detached homes also retain steady interest. August and September continue this trend, with a gentle decline in sales numbers across all property types. The market typically cools slightly as summer vacations wind down and families prepare for the back-to-school season.

4. October to December - The Year Winds Down

The final quarter of the year shows a gradual decrease in daily sales, with detached homes averaging around 30 daily sales by November. Other property types, such as apartments and semi-detached homes, see a similar decline. By December, average daily sales are at their lowest for the year, reflecting the market’s seasonal nature as people focus on holidays rather than moving. However, this can also be a strategic time for motivated buyers and sellers to find deals with potentially less competition.

Chart Analysis: Total Average Daily Sales by Month

The second chart provides a broader view, showing the total average daily sales across all property types each month.

Spring Peaks: The data reinforces that Calgary’s market peaks between March and June, with average daily sales reaching their highest point in May (105 daily sales). For those considering a move, this is when the market is most competitive, with many buyers and sellers actively participating.

Summer and Fall Decline: July marks the start of a gradual decrease in activity, dropping from 87 daily sales in July to 76 by October. This cooling phase may be attractive for buyers looking for less competition, though inventory may also reduce.

Winter Slowdown: November and December show the lowest sales volumes, averaging just 53 and 49 daily sales, respectively. Winter can be a quieter time in the Calgary real estate market, possibly leading to better opportunities for buyers who want to avoid bidding wars.

Key Takeaways for Prospective Calgary Residents

Timing Your Move: If you’re moving to Calgary with the intent to purchase property, consider timing your search according to market trends. Spring and early summer are bustling, with high availability and a diverse range of homes on offer. However, if you’re looking to avoid peak competition, late fall and winter could offer a quieter market with less pressure.

Choosing Your Property Type: Detached homes consistently lead the market in popularity, which aligns with Calgary’s appeal as a family-friendly city with abundant space. However, there’s a consistent interest in apartments, row/townhouses, and semi-detached homes, appealing to a wide demographic of buyers from single professionals to young families and downsizers. Apartments are especially popular during peak months, likely driven by affordability and location in the city's core.

Understanding Market Fluctuations: Calgary’s market is seasonal, which is essential for any prospective buyer or seller to understand. If you’re planning to sell, listing in the spring could yield more interest and potentially a quicker sale. Buyers should be aware that while spring offers more options, it also brings increased competition.

Real Estate as an Investment: For investors, Calgary’s consistent activity across all property types suggests a stable market with opportunities in various sectors. Detached homes, while pricier, are in continuous demand, while apartments and townhouses offer more accessible entry points with reliable turnover.

Calgary’s housing market reflects the city’s vibrant lifestyle and seasonal rhythm. This detailed look at average daily sales across property types and months over the past five years offers valuable insights for those considering a move. Whether you’re drawn to Calgary for its job opportunities, educational institutions, or stunning natural surroundings, the real estate market offers something for everyone. From bustling spring sales to the quieter winter months, each season brings unique advantages depending on your goals.

If you’re planning a move to Calgary, understanding these market dynamics will empower you to make informed decisions, whether you’re buying, selling, or investing. Embrace the timing that works best for you and dive into Calgary’s real estate landscape with confidence—your new life in Canada awaits!

Ever wondered how Calgary's real estate market shifts throughout the year? Here's a breakdown of the average daily sales per month based on data from the past five years!

🌱 Spring Surge: March, April, and May see some of the highest sales, with March hitting 103, April at 100, and May close behind at 101. This aligns with the busy spring season when buyers and sellers are most active.

☀️ Summer High: June peaks with an impressive 104 daily sales, marking the height of the summer market. This is typically when families plan to move, taking advantage of the warmer months.

🍂 Autumn Slowdown: Sales begin to cool slightly in the fall. September and October see averages of 79 and 76 respectively, as the market starts to wind down.

❄️ Winter Lull: As the holidays approach, sales dip further, with December seeing the lowest average daily sales at 49.

📈 Why Does This Matter? Knowing these seasonal trends can help both buyers and sellers make informed decisions on timing. Whether you’re looking to buy when competition is lower or sell during peak months, timing your move can make a difference.

#CalgaryRealEstate #HousingMarket #RealEstateInsights #CalgaryRealtor #HomeSales

October 24, 2024

The latest market snapshot of Calgary's detached home segment reveals an intriguing battle between buyers and sellers, with some clear patterns emerging across different price points.

Supply Overview:

Currently, Calgary has 1,978 active listings of single-family homes, with an additional 356 properties under contract. The sweet spot for inventory lies in the $600K-$800K range, where we see the highest concentration of listings (425 homes in the $700K-$800K bracket alone).

Demand Signals:

The past 30 days have seen 999 sales, representing a robust 50.51% sales-to-listing ratio. This means roughly half of the available inventory is turning over monthly – a remarkably healthy absorption rate.

Price Point Analysis:

• The entry-level market ($400K-$500K) is showing extraordinary strength with a 134.29% sales-to-listing ratio, indicating more homes sold than were listed

• Mid-range homes ($500K-$700K) maintain strong performance with 70-80% sales ratios

• Luxury segment (Over $1.5M) shows more balanced conditions with a 22.64% sales ratio

Who's Winning the Battle?

Currently, sellers have the upper hand, particularly in the entry-level market under $500K. This is evidenced by:

• Strong sales ratios across most price points

• High number of pending sales (356 properties under contract)

• Particularly competitive conditions in the sub-$500K segment

However, buyers maintain some leverage in the luxury market above $1M, where sales ratios drop below 35%, suggesting more room for negotiation.

Market Insights:

The most active price range for both listings and sales is $600K-$700K, with 395 active listings and 279 sales in the past month. This price point appears to be Calgary's "sweet spot" where both buyers and sellers are finding common ground.

Looking Forward:

With 356 pending sales subject to conditions like financing and home inspections, the market maintains strong momentum. The overall 50.51% sales ratio suggests a balanced but slightly seller-favoring market, particularly in the mid-range segments where most activity occurs.

For buyers, the best opportunities might lie in the luxury segment, while sellers in the entry to mid-range market continue to hold the stronger negotiating position.

The Calgary real estate market continues to provide opportunities for both buyers and sellers. In this October 2024 update, we take a deep dive into the latest statistics for active listings and recent sales across various property types and price ranges. Whether you're a homebuyer or an investor, these insights will help you make informed decisions in today’s market.

Current Active Listings in Calgary – October 16, 2024

As of today, there are a total of 4,430 active listings in Calgary, broken down into four primary categories:

• Houses: 1,964 active listings

• Townhouses: 660 active listings

• Condos/Apartments: 1,481 active listings

• Half Duplexes: 325 active listings

Key Observations:

• The $300K-$400K price range has the highest number of active condo/apartment listings with 612 properties.

• Single-family homes in the $500K-$600K range have 221 active listings, making it a competitive range for buyers.

• If you’re in the market for a half duplex, there are 54 listings in the $500K-$600K range, offering a solid selection.

Calgary Home Sales in the Last 30 Days

In the last 30 days, a total of 2,090 properties were sold in Calgary, including houses, townhouses, condos, and half duplexes.

• Houses: 1,017 sold

• Townhouses: 372 sold

• Condos/Apartments: 510 sold

• Half Duplexes: 191 sold

Noteworthy Trends:

• Houses in the $600K-$700K price range saw the most activity with 276 homes sold.

• Townhouses in the $400K-$500K price range were also in demand, with 141 sales.

• Condos/Apartments in the $300K-$400K range are still popular among buyers, with 206 units sold.

Months of Supply: What It Means for Buyers and Sellers

The months of supply metric is crucial for understanding the current state of the market. It represents how long it would take to sell all the active listings at the current sales pace, providing insights into whether it's a buyer's market or a seller's market.

• Houses: 1.93 months of supply – A balanced but slightly seller-favorable market.

• Townhouses: 1.77 months of supply – Strong competition for buyers.

• Condos/Apartments: 2.90 months of supply – A clear buyer’s market with a wide selection of listings.

• Half Duplexes: 1.70 months of supply – A stable market with healthy activity.

What This Means for You

With overall months of supply at 2.12, Calgary is still in a seller’s market, particularly for single-family homes and townhouses. However, if you're a condo buyer, now might be the perfect time to explore the options, as there are plenty of active listings and more leverage in negotiations.

For Sellers:

If you're considering selling your home, now is a great time to enter the market, especially if you own a house or townhouse. With inventory remaining tight in certain price ranges, you can position your property to attract motivated buyers.

For Buyers:

For buyers, particularly those looking for condos or apartments, the market is offering more choices and less competition. If you’re aiming to purchase a home or investment property, consider acting sooner rather than later before the inventory shifts again.

Acting on Calgary’s Real Estate Trends

The Calgary real estate market is always evolving, and understanding current trends can help you make the best decisions, whether you're buying or selling. With 2.12 months of supply, opportunities still exist, and the market dynamics vary across property types.

If you’re ready to buy or sell in Calgary or just want more personalized advice, feel free to contact me. Let’s make your real estate journey a success!

Contact Jerry Charlton Today!

📞 Call: 403-831-0842

💻 Visit: https://JerryCharlton.com

Are you ready to make smarter, data-driven decisions when buying or selling homes in Calgary? My brand-new real estate investment app is designed to give you the edge you need. Whether you're a first-time homebuyer, a seasoned seller, or an investor looking to maximize returns, this tool has something for everyone.

Key Features:

• Over 200 Calgary Communities: Choose from Calgary’s most popular neighborhoods and discover homes that fit your lifestyle.

• Real-Time Data: Access detailed information on home types, recent sales, price ranges, and property styles.

• Historical Price Trends: Track home price trends over time to see where the market has been and where it’s headed.

• Size vs. Price Charts: Visualize how home size and price correlate, making it easier to determine property value at a glance.

• Designed for Buyers, Sellers, and Investors: Whether you’re looking to buy, sell, or invest in Calgary real estate, this app offers valuable insights tailored to your needs.

Why Use This Tool?

• Empower Your Decisions: By providing clear and concise charts, the app allows you to compare properties, understand price trends, and make informed real estate decisions with confidence.

• Save Time & Money: Stop guessing the market! Use reliable data to pinpoint the best opportunities in Calgary’s real estate market.

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🔗 Market Insights and Reports: Calgary Real Estate Market Updates

The app is a game changer for anyone interested in real estate in Calgary. Whether you're buying your first home, selling, or investing, it's designed to make the process more efficient and informed. Explore today and discover what data-driven decisions can do for your real estate journey!

Don’t miss out on the chance to get ahead of the curve—access all the insights you need in one place. Click the links and start your Calgary real estate journey with confidence.

When people ask, “How’s the Calgary real estate market?” they expect a simple answer. But the truth is, there’s no one-size-fits-all response. While the overall data may suggest a certain trend, once you dig deeper, the reality becomes far more complex.

As of October 4, 2024, Calgary’s real estate market shows around 4,420 active listings and 2,138 homes sold in the last 30 days. On the surface, this translates into roughly two months' worth of inventory. If you stopped here, you’d think you had all the information needed, right? Not so fast!

The Market is Not One Market—It’s Many Markets

While that two-month supply may be a useful starting point, Calgary’s real estate market isn’t monolithic. It’s a collection of micro-markets, each behaving differently based on price range and property type.

For example, apartments in the $300K-$400K range have the highest number of active listings, with 596 units available, but only 235 of those units sold in the last month. That’s a much larger inventory relative to demand, suggesting a buyer’s market. If you're looking for an apartment in this price range, you're in a position to negotiate a better deal because of the abundance of supply.

On the flip side, detached homes priced between $600K and $700K are seeing far more sales activity, with 404 active listings and 257 sales last month. That translates into just over a month’s supply, a clear indicator of a seller’s market. In this segment, sellers hold the upper hand, and buyers may need to move quickly and be prepared to pay more if they want to secure their dream home.

Why It Matters

The key takeaway is this: there is no single Calgary real estate market. Every price range and property type tells its own story. Whether you’re a buyer or seller, understanding these nuances can make a huge difference.

For Buyers:

You don’t want to overpay for a home in a buyer’s market, where you have leverage to negotiate. Conversely, you don’t want to waste time and lose out on a property in a seller’s market by offering too low.

For Sellers:

Overpricing your home in a slow-moving market can cause it to sit unsold for months. On the other hand, pricing too low in a hot market means leaving money on the table.

The numbers don’t lie. By analyzing the data, you can avoid falling into the trap of thinking you're in a different market than you actually are.

Conclusion

The current snapshot of the Calgary real estate market reveals just how segmented and dynamic it is. Whether you're buying or selling, knowledge of your specific market segment—be it based on price range or property type—will help you make smarter, more informed decisions.

In the end, understanding these trends allows buyers to avoid overpaying and sellers to price their homes competitively. The numbers are your guide, and they paint a clear picture of what’s happening today in Calgary’s complex real estate landscape.

If you're curious to know which market you're in, let's have a chat! I’m here to help you navigate these waters with confidence.

Ready to make your move in the Calgary market? Reach out today for a detailed analysis and personalized advice on how to take advantage of current trends.

#CalgaryRealEstate #MarketInsight #YYCRealEstate #BuyersMarket #SellersMarket #RealEstateInvesting

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As of September 28, 2024, there are 4,617 homes actively listed for sale in Calgary. Whether you're buying or selling, understanding which market you are in is crucial. Real estate can shift between a buyer’s market and a seller’s market, often depending on the number of active listings rather than properties that have already been sold.

Why Active Listings Matter More Than Sold Listings

The real competition in the real estate market comes from the active listings, not the homes that have already sold. Here's why:

1. Active Listings Define Market Conditions: When there are more homes for sale than buyers, it creates a buyer’s market. Conversely, when listings are scarce and demand is high, it becomes a seller’s market. Whether you’re a buyer or seller, knowing how many homes are actively competing with you at any given time is essential.

2. Constantly Changing Numbers: Active listings fluctuate daily. The property that’s available today might be under contract tomorrow. This is why it's crucial to stay updated on the latest numbers and trends in the market.

3. Tailored Strategies for Buyers and Sellers: If you’re a buyer, you want to know how many homes are available in your price range, so you can avoid overpaying. As a seller, understanding your competition allows you to price your home strategically to attract more offers.

Which Market Are You In? Buyer’s or Seller’s?

Calgary’s housing market is incredibly dynamic. Depending on your price range and neighborhood, you might be in a buyer’s market in one part of the city and a seller’s market in another. Here’s a breakdown of the current active listings by price range to help you understand the competition:

- Under $300K: 431 homes – ideal for budget-conscious buyers.

- $300K - $600K: 1,823 homes – a highly competitive mid-range market.

- $600K - $900K: 1,502 homes – options for more established buyers.

- $900K - $1.5M: 609 homes – for those seeking luxury living.

- Over $1.5M: 252 homes – an exclusive market with high-end properties.

Stay Ahead with Real-Time Data

In a market that changes as rapidly as Calgary’s, staying ahead of the curve means having access to the most current information. That’s where working with a professional Realtor like Jerry Charlton can make all the difference. Jerry stays on top of the latest active listings, giving you an edge over other buyers and sellers who may be working with outdated data.

Why Choose Jerry Charlton?

- Expert Market Knowledge: With years of experience in Calgary real estate, Jerry knows the ins and outs of the market, whether you're looking to buy or sell.

- Daily Updates on Active Listings: Jerry ensures that his clients have the latest information on homes available for sale, so you’re always informed and can act quickly.

- Strategic Guidance for Buyers and Sellers: Knowing whether you’re in a buyer’s or seller’s market helps shape your strategy. Jerry helps his clients price competitively and bid smartly, depending on the current conditions.

The Key to Success: Active Listings

Remember, it's the active listings that shape the market, not the homes that have already sold. By understanding and staying on top of these numbers, you can make smarter, more informed decisions when buying or selling a home.

Get the Edge in Calgary’s Real Estate Market!

If you're looking to stay ahead of the competition, contact Jerry Charlton today. Whether you're buying or selling, Jerry provides real-time data and expert insights to ensure you make the best move in Calgary’s ever-changing real estate market.

In real estate, timing is everything. Knowing whether you’re in a buyer’s or seller’s market can give you a significant advantage. With 4,617 active listings in Calgary today, the competition is real, and having the latest information could be the key to getting the home of your dreams or selling at the best price.

Ready to get started? Reach out to Jerry Charlton now for the latest updates and expert advice

When it comes to real estate, especially in a dynamic market like Calgary, Alberta, there's an old adage that holds true: "Time in the market is more important than timing the market." Over the past several years, Calgary's real estate market has seen its share of fluctuations, but one trend remains constant—the long-term growth of property values. This article dives into how this principle benefits home buyers, sellers, and real estate investors.

For Home Buyers: Stability and Growth Over Time

Home buyers in Calgary should consider the value of holding onto their properties over the long term rather than trying to time their purchase perfectly. Historical data since 2019 reveals a consistent upward trajectory in the average prices of homes sold in Calgary. For instance, the average price in January 2019 was around $450,752. By August 2024, this had increased to approximately $609,873. This steady growth illustrates that, despite economic uncertainties or short-term market dips, real estate in Calgary tends to appreciate over time.

Key Takeaway for Buyers: Buying a home is not just about finding the perfect deal at the right moment; it's about securing a property that will grow in value. The market's natural appreciation means that the longer you own a home, the more likely you are to see a substantial return on your investment.

For Home Sellers: Leverage Market Timing for Maximum Gains

Home sellers benefit significantly from holding their properties for a longer period. As seen in Calgary's market trends, home values have increased year over year, making the potential gains from selling much higher after several years of ownership. Sellers who bought in 2019 and held onto their property until 2024 likely saw a substantial return on investment.

However, it's essential for sellers to recognize that waiting for the "perfect" market conditions to sell may not always be feasible. Instead, understanding that the market generally trends upwards can encourage sellers to list their homes when they are personally ready, knowing that long-term growth will have increased their property's value.

Key Takeaway for Sellers: While timing can enhance sales profit, the overall market growth means you don't have to wait for the perfect peak to sell. Your property will likely have appreciated enough over several years to make any timing a good time to sell.

For Real Estate Investors: The Long Game Pays Off

For investors, real estate offers a tangible and historically reliable avenue for wealth accumulation. Calgary's real estate market is no exception. Since 2019, the average prices have shown resilience and growth, even in the face of global economic shifts. Investors who prioritize long-term ownership over trying to predict market highs and lows often find themselves with significant equity gains.

Real estate investment is about patience. The steady increase in Calgary home prices—from $450,752 in January 2019 to $609,873 in August 2024 demonstrates that real estate is a long-term wealth-building strategy. By focusing on holding properties rather than flipping them quickly, investors can maximize their returns through both appreciation and rental income.

Key Takeaway for Investors: Successful real estate investment in Calgary is less about buying low and selling high at precise moments and more about holding properties to benefit from consistent market growth. The longer your property stays in the market, the higher the return potential.

The Power of Patience in Real Estate

Whether you are a home buyer, seller, or investor, the message is clear: Calgary's real estate market rewards patience. Over time, property values have consistently appreciated, making long-term ownership a more strategic choice than attempting to time market highs and lows. Remember, it's not about the exact moment you buy or sell but how long you hold onto your property that counts. In Calgary's real estate market, patience truly is a virtue.

In Calgary, the real estate market has experienced significant shifts over the past six years. Whether you’re a home buyer, seller, or investor, understanding these trends is crucial for making informed decisions. The data below highlights the average price of homes sold in Calgary from 2019 to 2024.

1. Steady Price Increase in 2024

The most notable trend is the consistent rise in home prices throughout 2024. Starting at $570,720 in January, the prices have steadily climbed, reaching $624,607 by June. This increase reflects a robust market, indicating strong demand and possibly limited supply. For buyers, this suggests acting sooner rather than later to avoid higher prices. Sellers can leverage this trend to maximize their returns, while investors might see this as an opportunity for profitable investments.

2. Impact of the Pandemic in 2020

The year 2020 saw a dip in home prices, especially noticeable in May when prices dropped to $439,257. This decline was primarily due to the economic uncertainties brought about by the COVID-19 pandemic. However, by the end of the year, the market began to recover, reflecting the resilience of Calgary’s real estate market. Buyers and sellers need to consider how such global events can temporarily affect the market and plan accordingly.

3. Post-Pandemic Recovery and Growth

From 2021 onwards, there has been a significant recovery and growth in home prices. For instance, the average price in April 2021 was $508,346, which increased to $532,733 in 2022. This recovery phase highlights the potential for growth in property value post-crisis. For investors, this is a positive indicator of market stability and future gains.

1. Seasonal Variations in Prices

The data shows seasonal variations, with prices typically higher in spring and summer months. For example, in June 2022, the average price was $518,049, compared to $490,700 in November. Buyers might find better deals during the winter months, while sellers could benefit from listing their properties in the peak seasons of spring and summer.

2. Yearly Comparisons and Trends

Comparing year-on-year data provides insights into market trends. For instance, prices in 2024 have surpassed those in previous years by a significant margin. Such comparisons help in understanding the long-term appreciation of property values in Calgary, aiding both buyers and investors in making long-term financial plans.

3. Market Stability in 2022 and 2023

Despite fluctuations, the market showed stability in 2022 and 2023, with prices hovering around $500,000 to $550,000. This stability is a good sign for buyers and investors looking for predictability in their investments. Sellers can also take advantage of stable market conditions to plan their sales strategy.

The Calgary real estate market has demonstrated resilience and growth, especially in 2024. Understanding these trends helps buyers, sellers, and investors make informed decisions. Whether you’re looking to buy, sell, or invest, staying informed about market dynamics is key to success in Calgary’s real estate landscape.

The housing market has taken an unexpected turn, and savvy buyers and sellers are sitting up and taking notice. Recent data reveals a dramatic shift that could reshape your real estate strategy.

Active listings have skyrocketed since the start of 2024, nearly doubling from January to June. This flood of new properties on the market marks a stark contrast to the inventory shortages we've seen in recent years. But what's driving this sudden surge?

Experts point to several factors:

1. Rising interest rates cooling buyer demand
2. Homeowners finally feeling confident enough to sell
3. New construction picking up pace

But here's where it gets interesting: despite the influx of listings, sales haven't kept pace. The gap between active listings and completed sales has widened significantly, especially in the last few months.

What does this mean for you?

For buyers:
You might finally have more options and potentially more bargaining power. The days of frenzied bidding wars could be waning.

For sellers:
While there's more competition, the right pricing strategy can still attract serious buyers in this evolving market.

The takeaway?
Whether you're looking to buy or sell, understanding these trends is crucial. The real estate landscape is shifting, and staying informed is your best tool for navigating this new terrain.

Keep an eye on these trends as we move into the latter half of 2024. The real estate rollercoaster shows no signs of slowing down, and the next turn could be just around the corner.

The CREB Daily Housing Summary provides up-to-date statistics on Calgary's real estate market, including the number of new listings, sales, and the average price of homes. It highlights key market trends and offers insights into the performance of different property types, such as detached homes, apartments, and townhouses. The report also compares current data with previous periods to show market changes over time.

For detailed statistics, visit CREB Daily Housing Summary https://www.creb.com/Housing_Statistics/Daily_Housing_Summary

Understanding Calgary's Real Estate Market with CREB's Daily Housing Summary

In today's fast-paced real estate market, staying informed is crucial for buyers, sellers, and investors. The Calgary Real Estate Board (CREB) provides an invaluable resource through its Daily Housing Summary, offering a snapshot of current market conditions.

Key Insights for Buyers

For buyers, the summary includes the latest data on new listings, sales figures, and average home prices. This information helps buyers understand the market dynamics and make informed decisions about when and where to buy. Knowing the number of new listings can help identify potential opportunities, while sales figures and price trends provide a sense of the market's competitiveness and overall health.

Valuable Data for Sellers

Sellers can leverage this data to set realistic prices for their properties. Understanding the average prices and sales volume in their neighborhood allows sellers to price their homes competitively, increasing the likelihood of a quick sale. Additionally, tracking market trends can help sellers decide the best time to list their property to maximize their return.

Strategic Insights for Investors

For investors, the CREB Daily Housing Summary is a goldmine of information. By analyzing trends in different property types—such as detached homes, apartments, and townhouses—investors can identify which segments are performing well and adjust their strategies accordingly. This data-driven approach helps investors make informed decisions about where to allocate their resources for the best returns.

Conclusion

Overall, the CREB Daily Housing Summary is an essential tool for anyone involved in Calgary's real estate market. By providing up-to-date and detailed market statistics, it empowers buyers, sellers, and investors to make informed and strategic decisions. For the latest market insights, visit [CREB Daily Housing Summary](https://www.creb.com/Housing_Statistics/Daily_Housing_Summary/).

Staying informed and adapting to market trends can make a significant difference in achieving success in real estate. Utilize the resources available through CREB to stay ahead in Calgary's dynamic housing market.

The latest CREB stats for May 2024 indicate notable trends across the entire Calgary residential market. Here are the key highlights:

1. Sales Growth:

• Sales slightly decreased to 3,092 units in May 2024 from 3,117 units in May 2023.

• Year-to-date (YTD) sales have increased, with 12,412 sales in 2024 compared to 11,162 in 2023.

2. New Listings and Inventory:

• New listings have grown significantly, with 4,333 new listings in May 2024 compared to 3,650 in May 2023.

• The total inventory has increased to 3,402 units in May 2024 from 3,214 in May 2023.

3. Days on Market:

• The average days on market have decreased, indicating a faster-paced market. In May 2024, it stands at 19 days, down from 24 days in May 2023.

4. Pricing Trends:

• The benchmark price for residential homes has risen to $605,300 in May 2024, compared to $552,700 in May 2023.

• The median price increased from $507,000 in May 2023 to $562,500 in May 2024.

• The average price saw a significant increase, reaching $612,772 in May 2024 from $552,412 in May 2023.

5. Price Range Sales:

• There has been notable growth in sales across higher price ranges. For example, sales in the $700,000 - $749,999 range increased from 163 units in May 2023 to 186 units in May 2024.

• Higher price brackets, such as $1,000,000 - $1,299,999, also saw substantial growth, with sales rising from 84 units in May 2023 to 132 units in May 2024.

6. Market Trends:

• The average price, median price, and benchmark price have all seen a year-over-year increase, indicating overall price appreciation in the market.

• The months of inventory have trended downward, suggesting a tightening market with increased demand relative to supply.

In summary, the Calgary residential market is experiencing robust growth with increased new listings, higher prices, and a quicker turnover rate, reflecting strong demand and a healthy market environment.

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