Graph shows the 2 year trend of months of inventory for every Sector of the Calgary Real Estate Market.
Current Report: October 1, 2019
Below see all the stats (Info taken from the Calgary Real Estate Boards Monthly Stats Package).
Gord’s commentary – Just my opinion
Current Months of Inventory (Absorption Rate):
A substantial change this month. Every sector increased by about.5 except Semi Detached increased even more at 1.44. One month does not make a trend but this is the opposite direction that we have been going in so let’s keep watching.
Calgary Listing Inventory
Through September our total listing inventory decreased by 169 listings. Of this 118 were in the detached sector and the rest remained flat. This is to be expected as after the summer listings always slow down.
Calgary Sales:
Sales for September were 210 less than in August. Of this 118 were in the detached sector again. This again is a normal trend as sales always go down in September and you will see this trend until the new year.
Sales Compared to 2018:
September Sales compared to last year were 8.2% higher.
Last month we were 6.0% higher so this is a very good trend and hope it continues.
Calgary Real Estate Sales Prices:
September saw an overall decrease in Benchmark price of $1100. The sector that got hit the worst was the Attached row house which lost $3,800. The only sector that showed an increase was the detached home sector and this was driven by homes under $500,000.
Months of Inventory/Absorption Rate: What does this mean you might ask?
The inventory divided by the number of sales in the last month).
**Please note that these numbers include only Calgary and do change on a community basis, and more so for towns. This report does not include rural properties and does not consider differences in different price ranges. If you would like to find stats on your community just let me know. If you have any questions about this summary or about Real Estate in general, please feel free to contact us.
Tags: Calgary Condo Market, Calgary Condo Prices, Calgary House Prices, Calgary Real Estate Market, CREB STATS