Low resale inventory in all Calgary home types combined with steady property sales has created a home seller’s market as of January 25, 2023.
Calgary Home Sellers are in control when the resale inventory of homes drops below a few months’ supply.
The Supply & Demand chart below has a lot of information on the Calgary Housing Market. The most important numbers to anybody thinking about entering the local housing market in the next few months of 2023 should be the total active listings compared to the sales in the past 90 days.
Home prices go up, down, and sideways based on the supply. If the total number of resale homes listed for sale is low, prices go up.
Buyers and Sellers are in a battle for most properties. Knowing who the market favours will help guide your 2023 real estate decisions.
This table is the total Calgary Real Estate Market which we refine further depending on what our clients are buying or selling.
Jan 25, 2023
|Home Type||Active Listings||Sold in the Last 90 Days||Daily Sales Avg||Days of Inventory||Months of Inventory|