Calgary Real Estate Statistics for September 2020
Home sales climb along with market supply
Sales activity in September surged to 1,702 units, the most active September since 2014.
September's new listings increased over the month, but levels were comparable to the prior year. The market supply is down 12 percent compared to last year, with the increase in sales relative to new listings, preventing any monthly gains in inventory levels.
"The recent rise in new listings, combined with low lending rates and softness in prices, has helped support some of the recent upward trend in sales," said CREB® chief economist Ann-Marie Lurie.
"However, conditions vary significantly based on the price range and property type."
Supply adjustments relative to demand is causing the housing market to shift toward more balanced conditions. Currently, 3.7 months of supply represents the most balanced conditions observed in September for over five years. Helping support some of the more recent monthly gains in prices....