Calgary Housing Statistics
Calgary Real Estate Statistics: December 2019
- Days on Market: 66 (Down by 4.4% from a year ago)
- Average Price: $450,248 (Up by 0.3% from a year ago)
- Active Listings: 4,531 (Down by 7.8% from a year ago)
- Sold Listings: 858 (Up by 8.1% from a year ago)
- New Listings: 1,061 (Up by 1.6% from a year ago)
- Sold to List Price Ratio: 94.97% (Down by 1.26% from a year ago)
- Sold Above Asking Price: 56 (Same as a year ago)
- Months of Inventory: 5.28 (Up by 14.7% from a year ago)
- Odds of Selling: 18.9% (Up by 2.8% from a year ago)
Calgary Housing Prices
|2018 - December||2019 - December||Y/Y - % Change|
|Total Sales Volume||$356,505,879||$386,312,647||8.36%|
|Months of Supply||6.19||5.28||-14.71%|
|Sales to New Listings Ratio||76.05%||80.87%||4.81%|
|Sales to List Price Ratio||96.23%||94.97%||-1.26%|
|Days on Market||69||66||-4.76%|
Number of Days it Takes to Sell a Home in Calgary (DOM)
In December 2019, the number of days an average property listed on the market was for 66 days. In the same month of 2018, the average MLS® listing in Calgary sold in 69 days. This figure is composed of all listings on the Calgary MLS® System, including condominiums: apartments, townhouses and single-family and attached houses within the boundaries of Calgary city limits.
Average Real Estate Prices in Calgary
The average price of a home in Calgary was $450,248 in December 2019. Currently, it compares to be 0.3% less than in the same month of 2018 when the combined price of single-family, condominiums and attached homes were recorded at $449,000.
Active MLS® Listings in Calgary
Active listings on the market in Calgary can often be the indication of a shifting market as real estate prices can be influenced by the difference between the supply of inventory and the number of buyers being active in the market.
On the last day of December, the number of active listings in Calgary was recorded at 4,531 units, it is a decrease of 7.8% compared to December of 2018 when 4,916 homes were listed for sale in Calgary, AB.
Number of Homes Sold in Calgary
The number of sold homes in Calgary last month was 858 properties. It is reflecting a seasonal shift when compared to November's numbers at 1,160 sold units or a decrease of 26%. On a year-over-year comparison, the number of sold units decreased by 8.1%.
New Listings in Calgary
When compared to the same month in 2018, the number of new listings in Calgary in December 2019 decreased by 1.6% as CREB has recorded 1,061 new listings coming on the market in Calgary. On a month-to-month comparison, the number of new listings in Calgary has decreased by 46.6% which is a result of the seasonal cycle of the real estate market.
Homes Sold Above the Asking Price
The demand for quality homes in Calgary remains as the number of properties that have sold at or above the asking price in December exceeded 56 listings which represent 6.5% of the total sold listings in Calgary. In the same month of the previous year, approximately the same number of homes have sold for equal or higher than the initial asking price.
Months of Housing Supply
The pace of the market or months-of-inventory indicates the level of interest of the homebuyers on the street. A typical balanced market can be characterized by a 2-3.5 month of inventory.
Currently, the number of active listings is sitting at a supply of 5.28 months. It means, that if buyers would be acquiring real estate at the same rate, then it would take these many months to buy up all the available inventory if no new listings were to enter the market. In 2018 December, the housing supply was sitting at an inventory of 6.19 months or buyers were 14.7% less active to purchase properties than they are today.
The Odds of Selling a Home
The odds of selling takes into consideration the amount of sold properties compared to all the available listings in Calgary that were on the market in a given month.
Within the City of Calgary, in December 2019, a total of 18.9% of all MLS® listings were sold when compared to the active listings which were recorded on the last day of the month (excluding expired and terminated listings throughout the month). It also means that about 81.1% of homeowners did not succeed at selling and they either became an expired listing or have been terminated at the request of the seller. At the same time in 2018, property owners were able to sell their properties with a 2.8% lower success rate when approximately 16.2% of the listings in Calgary that went up for sale have been sold.
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