June 30, 2018 - How's the Calgary real estate market?

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!