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Acreages For Sale
Whether you're purchasing or selling a property in Calgary or the surrounding areas, knowing the real estate statistics and current market condition is vital. As agents, it's something we look and train into weekly, and as part of providing transparency in the real estate industry, and as much information to empower our clients, our team has committed to providing home buyers and sellers with weekly market report data to help serve and guide their real estate needs.
Read below to see the breakdown of the weekly Calgary real estate stats that we provide, what the mean, and why some of these stats are important to you whether you're a buyer or selling in this market.
It's important to note though, a professional and free consultation with one of our agents specific to your needs is always your best opportunity when navigating your real estate journey.
The first portion of our weekly blog (See our navigation menu on the right for each week) is:
New Listings (Last 28 days) - This number reflects new listings to hit the market in the last 28 days.
Homes Sold (Last 28 Days) - This number reflects total sales in the last 28 days. By comparing the new listings to sold listings, you can start to understand whether it's more of a buyers or sellers market.
Average Days on Market - This number won't fluctuate too often, but as it increases it shows that homes are sitting on the market longer which usually means you're in a buyers market as there are more sellers with listings sitting for a long time, looking to sell their home. If your average days on market were only 10 days, that would indicate a sellers market as homes would be wrote on and sold within days of being on the market.
Selling to Listing Price Ratio - This number indicates how much a home is selling for in relation to the price it was listed at. The higher the ratio 99% for example, would tend to indicate more of a sellers market, but also gives you a realistic idea of how much you should expect a home to come down from it's list price, assuming it's priced near market value. Don't be fooled though, homes can be listed initially for a much higher mount to test the waters, only to later sell at well below their initial list price.
MLS listings provided by Pillar 9™. Information Deemed Reliable But Not Guaranteed. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Listing information last updated on January 15th, 2021 at 8:15pm CST.