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403-990-7990
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Real Estate

NEWSLETTER

 

Peter Kusch

Tel.: 403-990-7990

 

 September 2020


 

 

HOME SALES RISE ALONG WITH SUPPLY

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.
 
 
 
 
 
 
 
 

 The average number of days on the market (Calgary Metro)

 

 

Average days on the market in 

September 2020

Average days on the market in  

September 2019

 

Detached  

 

50

55

 

Apartment

 

67

70

 

Row

 

60 62

 

Semi-detached

 

 

54

 

 

64

 

 

 

Median price (Calgary Metro)

 

 

Median price in  

September 2020

Median price in

September 2019

Percentage change

 

Detached

 

  $478,000

$457,500

4.5%

 

Apartment

 

$227,750

$246,750

-7.2%

 

Row

 

$229,000

$290,000

0%

 

Semi-detached

 

 

$405,000

 

 

$379,000

 

 

6.9%

 

 

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