Calgary Real Estate Market Stats, August 2018

Calgary Real Estate is currently a Buyer’s Market

Detached Home Median Sale Price $485,000 (down 1.2% Yr/Yr)
Detached Home Average Sale Price $563,468 (up 2.1% Yr/Yr)
Condo Median Sale Price $257,000 (up 0.8% Yr/Yr)
Condo Average Sale Price $294,292 (up 3.2% Yr/Yr)
Days on Market: Detached 51; Condos 71
Detached home sales: down 5.7% Yr/Yr
Condo sales: down 2.0% Yr/Yr
Detached Sales to New Listing ratio: 51% (down from 59% last year)
Detached Sales to Active Listing ratio: 21% (down from 31% last year)
Condo Sales to New Listing ratio: 45% (up from 39% last year)
Condo Sales to Active Listing ratio: 15% (up from 14% last year)
Detached home Listing Inventory: 4.8 months vs 3.3 a year ago
Condo listing inventory is now 6.9 months vs 7.1 a year ago
(A listing inventory of less than 2 months indicates a Seller’s market,
2-4 months is a Balanced market, while over 4 months is a Buyer’s market)
8.2% of all homes sold for full list price or more in August, vs. 12.0% last year
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