And now an update — just one week later and for the last day of June! I pulled the current Calgary MLS® System statistics a few moments ago.
So, how is the market?
Here is the breakdown as of this morning:
Total Calgary MLS® System within Calgary for residential properties for sale:
- 9,239 properties available in inventory
- 1,929 properties marked sold in the last 30 days
- That makes 4.8 MONTHS of inventory - a really soft BALANCED market
DETACHED homes:
- 5,026 properties available in inventory
- 1,233 properties marked sold in the last 30 days
- That makes 4.1 MONTHS of inventory - a really soft BALANCED market
ATTACHED homes (townhouses and 1/2 duplexes):
- 2,235 properties available in inventory
- 396 properties marked sold in the last 30 days
- That makes 5.6 MONTHS of inventory - a BUYERS' market
APARTMENT homes:
- 1,979 properties available in inventory
- 300 properties marked sold in the last 30 days
- That makes 6.6 MONTHS of inventory - a strong BUYERS' market
So, there are sales in all three sectors. And, all three sectors have improved in the last week!
Based on the historic month-end stats, I don't ever remember seeing MORE detached homes for sale. (Not even in the poorest recent market of 2010 — although, there are more sales happening now than at that time!)
The keys to getting your home sold are: a home in great condition, excellent online photos and virtual tours, and MOSTLY having the home priced well.
It remains a great time to buy!
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