Real Estate
NEWSLETTER
Peter Kusch
Tel.: 403-990-7990
September 2020
HOME SALES RISE ALONG WITH SUPPLY
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Here are a few numbers showing year-to-date real estate activity:
- Total sales are 9% lower.
- New listings are 11% lower.
- The inventory of homes for sale is down 14%.
- Months of supply, which is the amount of time to sell the inventory with the current demand, is 3.66, which is lower than in the last September of 5.03.
- The sale to list price ratio dropped very slightly from 96.6% to 96.4%.
- The median price of $410,000 in 2020 was down 0.2% from 411,000 in 2019.
- The average sale price of $456,589 was down 0.9% from $460,614 last year.
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The average number of days on the market (Calgary Metro)
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Average days on the market in
September 2020
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Average days on the market in
September 2019
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Detached
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50
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55
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Apartment
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67
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70
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Row
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60 |
62 |
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Semi-detached
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54
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64
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Median price (Calgary Metro)
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Median price in
September 2020
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Median price in
September 2019
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Percentage change
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Detached
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$478,000
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$457,500
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4.5%
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Apartment
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$227,750
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$246,750
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-7.2%
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Row
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$229,000
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$290,000
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0%
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Semi-detached
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$405,000
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$379,000
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6.9%
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The median price is where half sell for more and half for less.
Months of supply (Calgary Metro)
| January 2016 |
6.57 |
| February 2016 |
5.04 |
| March 2016 |
3.83 |
| April 2016 |
3.54 |
| May 2016 |
3.20 |
| June 2016 |
2.95 |
| July 2016 |
3.26 |
| August 2016 |
3.61 |
| September 2016 |
3.97 |
| October 2016 |
3.30 |
| November 2016 |
4.06 |
| December 2016 |
4.04 |
| January 2017 |
4.36 |
| February 2017 |
3.35 |
| March 2017 |
2.71 |
| April 2017 |
2.90 |
| May 2017 |
2.95 |
| June 2017 |
3.12 |
| July 2017 |
4.12 |
| August 2017 |
4.15 |
| September 2017 |
4.71 |
| October 2017 |
4.41 |
| November 2017 |
4.03 |
| December 2017 |
4.29 |
| January 2018 |
4.83 |
| February 2018 |
4.73 |
| March 2018 |
4.64 |
| April 2018 |
4.82 |
| May 2018 |
4.91 |
| June 2018 |
4.65 |
| July 2018 |
5.46 |
| August 2018 |
5.47 |
| September 2018 |
6.28 |
| October 2018 |
5.56 |
| November 2018 |
5.55 |
| December 2018 |
6.18 |
| January 2019 |
6.81 |
| February 2019 |
6.03 |
| March 2019 |
4.96 |
| April 2019 |
4.57 |
| May 2019 |
3.89 |
| June 2019 |
4.24 |
| July 2019 |
4.36 |
| August 2019 |
4.45 |
| September 2019 |
5.02 |
| October 2019 |
4.49 |
| November 2019 |
5.05 |
| December 2019 |
5.30 |
| January 2020 |
5.87 |
| February 2020 |
4.59 |
| March 2020 |
4.91 |
| April 2020 |
9.71 |
| May 2020 |
5.38 |
| June 2020 |
3.66 |
| July 2020 |
3.62 |
| August 2020 |
4.11 |
| September 2020 |
3.66 |
Source: Calgary Real Estate Board
Calgary Metro-within Calgary City Limits
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