Weekly Market Update: October 25, 2021

Posted by Scott Glover on Saturday, November 6th, 2021 at 7:38am.

Weekly Market Update for: October 25, 2021
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.

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