We’re breaking records like Usain Bolt & Michael Phelps!
In this report I’ll be summarizing the key real estate stats from October 2021, but also looking at some details that are almost always overlooked.
THE SALES SUMMARY
Like a fine wine, it seems like our real estate market is getting better with age. September was the 2nd best September of all time, and now October has one upped it. We just recorded the best October on record! 2,189 sales for the month! That’s a major “wowie” for this time of the year. What this means is that we continue to push 2021 towards one of the best-selling years in our entire history. So, when you ask “How’s the market”... it’s a pretty simple answer. It’s as good as it gets. Here is the Calgary Real Estate Board…
Weekly Market Update for: November 22, 2021 Sales:
Last week sales came in at 506, that is up 40% from the 362 last year.
Inventory: Last week saw 488 new listings come on the market, 28% more than the 381 last year. Overall inventory dropped to 4361 homes on the market, down 19% to 2020 and 32% down to 2019. In 2020 there were 5425 homes on the market and in 2019 there was 6412.
Days On Market: The sales so far in November have averaged 47 days on the market to sell, this is down 16% from the 56 it was taking last year.
Sales: Last week sales came in at 479, that is up 40% from the 342 last year.
Inventory: Last week saw 454 new listings come on the market, 13% more than the 401 last year. Overall inventory dropped below the 5000 mark at the beginning of November and we are now at 4539 homes on the market, down 19% to 2020 and 30% down to 2019.
Days On Market: The sales so far in November have averaged 47 days on the market to sell, this is down 16% from the 56 it was taking last year.
Sales: Last week sales came in at 520 that is up 49% from last year.
Inventory: Last week saw 545 new listings come on the market, 7% more than the 508 last year. Overall inventory is now at 4573 homes on the market, down 17% to 2020 .
Days On Market: The sales so far in November have averaged 43 days on the market to sell, this is down 12% from last year.
Sales: Last week sales came in at 560, that is up 31% from the 427 last year. October sales finished at 2186 24% above where we were in October of 2020 and 52% above October 2019. Another strong month in the Calgary Real Estate Market here in 2021.
Inventory: Last week saw 477 new listings come on the market, 17% more than the 407 last year. Overall inventory dropped below the 5000 mark to 4871 homes on the market, down 16% to 2020 and 27 % down to 2019.
Days On Market: The sales so far in October have averaged 42 days on the market to sell, this is down 18% from the 51 it was taking last year.
Sales: Last week sales came in at 516, that is up 33% from the 388 last year. For the month we are currently sitting at 1628 sales, 21% above where we were in October of 2020. With just over 300 sales currently pending, we will peak the 2000 sales total mark for October, another healthy month in the Calgary Real Estate Market here in 2021.
Inventory: Last week saw 528 new listings come on the market, 8% more than the 490 last year. Overall inventory is at 5269 homes on the market, down 16% vs the 6423 we had at the same time last year.
Days On Market: The sales so far in October have averaged 41 days on the market to sell, this is down 22% from the 53 it was taking last year.
