This past week listing inventory increased again over last while sales dropped marginally on the 30 day average. To see see a visual feel free to use the charts below.
With the spring market just around the corner it is difficult to determine where the market will go. The past couple weeks have really been slow in the real estate market. I believe this is partially due to the bad weather we have been seeing. Buyers just aren’t as active when there is spring blizzards.
If you have thoughts or opinions please leave comments. Do you think inventory will rise and prices will drop, or prices stay steady? Your comments are welcome!!
This specific chart tracks the average MLS sales price of Calgary single family homes and condos since the year 2000. The last number represents the latest average sales price.
Calgary Real Estate Market Absorption Rate: Unit Sale vs. Active Listings
The below chart tracks the ACTIVE number of Calgary single family homes & condos for sale on the MLS, against the SOLD single family homes & condos for the mentioned week. This really gives buyers and sellers an accurate picture of the current inventory opposed to the the inventory that is selling.