Weekly Market Update: November 29, 2021

Weekly Market Update for: November 29, 2021

Sales: Last week sales came in at 477, that is up 51% from the 316 last year. We are on target for another 2000+ sales month here in Calgary, continuing in our trend of strong sales months in 2021. As a frame of reference this time in 2020 November had around 1400 sales and in 2019 we were around 1100.

Inventory: Last week saw 420 new listings come on the market, 11% more than the 377 last year. Overall inventory dropped to 4185 homes on the market, down 21% to 2020 and 33% down to 2019.

Days On Market: The sales so far in November have averaged 46 days on the market to sell, this is down 16% from the 55 it was taking last year and the 64 days in 2019.