December Real Estate Update 2018

November real estate statistics are in and it is an obvious buyer and investor market.

Sales are down over 14 percent over last November and nearly 20 percent below long-term averages.  With that said, there have still been over 15,000 homes sold in Calgary this year.

November-statistics-Graph-CREB-real-estate-plintz

The inventory levels still remain well above the levels of November 2017 and are 32 percent higher than typical levels for November so it remains great for buyers and investors.  As a seller, you may not have the luxury of waiting or comparing to other years.  Looking at the present, inventory levels for November were 6,501 units compared to 7,342 in October.  As inventory reduces, it’s a great time to come on the market as a seller. Less competition provides the opportunity for faster and higher sales.

Contact us if you’d like to receive monthly stats on your community.  Or if you’re looking to buy email our team and we will set you up on a search to get notifications or properties that match your criteria.

For all of Calgary’s real estate statistics for November 2018, click HERE.

For more information on selling your home pick up a copy of POSITIVELY SOLD, read more on The Selling Series, or view our selling strategy.

 

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