December Market Update
As we step into the party season, holiday season, and gift-giving season; the real estate market in Calgary is offering unique opportunities.
The new listings have risen by a remarkable 40% compared to November 2022, a trend we anticipate will continue into the new year. This increase in supply is good news for buyers, offering more options and a competitive edge. With that said, the sales-to-new-listings ratio is still 80%. That means almost everything, minus 20% of the not-so-good or overpriced stuff, is going quickly after coming to market.
This is a time of year when inventory levels do slow down relative to other months in the year creating an opportune moment for sellers. Typically, December and January see a dip in market activity, with many waiting until spring to sell. But at Plintz Real Estate, we believe in going against the grain. Selling now, when others are holding off, can be a strategic move, tapping into a market with fewer competitors and serious buyers who have also chosen not to wait.
For buyers, this may be a time to be patient and selective, as the increase in listings means more choices. Sellers, on the other hand, should seize this moment to stand out in a market where many are taking a break.
Calgary continues to be a leader in the Canadian real estate market, and we are committed to making the most of this festive season by giving back, working hard, helping where we can, and ensuring our clients make the best real estate decisions for their situation.
If you need anything related to buying, selling, or investing please reach out for a customized strategy for you.
Merry Christmas, Happy Hanukkah, Joyous Kwanzaa, and a jolly Festivus for the rest of us! May your days be filled with twinkling lights, belly laughs, friends, family, and good cheer as we countdown to the New Year!
Detailed market update statistics from the Calgary Real Estate Board for November 2023 are available HERE.
Contact us directly for the stats on Airdrie, Cochrane, Rockyview, Bighorn, or other areas in the Calgary region.