Calgary Home Sales – July 2022 Stats
All Calgary Homes – Detached, Attached, and Condos
July 2022 Calgary Home Sales at 42% of Listings Sold continues to favour home sellers. The Calgary Real Estate Board, right or wrong, considers a three-month supply of inventory a balanced market. Over 33%, they say, is a seller’s market. July 2022 Home Sales is close to the same month in 2021. However, the big difference is the low number of listings. Strong sales over the previous six months have kept resale home inventory in Calgary low. See the charts below for the segmented sales results for Detached Homes, Attached Homes, and Condos. Visit our website for all current Calgary Listings.
Detached Single Family Homes Sold
Single-family detached home sales have been declining every month starting in April. The very best homes are still in short supply and see multiple offers when first listed.
Attached Homes Sold – Townhouses, Duplexes, and Calgary Infills
Attached home sales are declining but still well above the historical percentage of listings sold. This category is not the first choice of most Calgary Home Buyers. With the market for detached homes so strong attached homes have become the only choice for many buyers.
Condo Homes Sold – High and Low Rise Apartment Buildings
Condos are the third major segment of the Calgary Real Estate Market. This segment has had the best run of sales in about 14 years. Out-of-town buyers have been snapping up the best condos to put into the local rental and Airbnb market. This segment will always suffer as long, in my opinion. With most homes, what you see is what you get. With condos, you get your portion of the Condo Corporation that could turn into a nightmare that is hard to wake up from.
Calgary Home Sales are in constant motion with small changes in the short term resulting in large changes overall. Researching historical home sales gives home buyers and home sellers great information to consider when they are ready to move or invest in Calgary Real Estate. We can help clear the clutter so you can examine only the stats that matter to your unique situation.
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