Weekly Market Update: December 6, 2021

Sales: Last week sales came in at 488, that is up 50% from the 325 last year. We finished November with just over 2100 sales here in Calgary, continuing in our trend of strong sales months in 2021. This is close to the totals we saw in the summer and fall which means we aren’t seeing the seasonality we normally see at this time of year. For the first 5-days of December, sales in 2021 are up 40% to 2020 and 108% to 2019.

Inventory: Last week saw 383 new listings come on the market, 1.5% more than the 377 last year. Overall inventory dropped to 3774 homes on the market, down 23% to 2020 and 36% down to 2019.

Days On Market: The sales so far in December have averaged 47days on the market to sell, this 11% quicker from 2020 and 23% quicker from 2019