Market Updates

Market Updates

Every month the Calgary Real Estate Board releases a report detailing what has been happening in the real estate market. These reports provide valuable information to sellers, buyers, and investors alike. Real estate requires strategic decision making, so staying informed is crucial to ensure you are making the best moves possible.

Here are the highlights from The The Calgary Real Estate Board's market report for November 2024, which you can read in full by clicking here:

  • "As we transition into winter, Calgary's housing market is following typical seasonal trends, with activity slowing compared to the fall" (CREB).
  • "The 1,797 sales for November mirrored last year’s levels and remained 20 per cent above long-term trends for the…

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Every month the Calgary Real Estate Board releases a report detailing what has been happening in the real estate market. These reports provide valuable information to sellers, buyers, and investors alike. Real estate requires strategic decision making, so staying informed is crucial to ensure you are making the best moves possible.

Here are the highlights from The The Calgary Real Estate Board's market report for October 2024, which you can read in full by clicking here:

  • "Sales gains for homes priced above $600,000 offset declines at the lower end of the market," (CREB).
  • "As of October, 4,966 units were available, a significant improvement over the near-record low of 3,205 units reported last October" (CREB).
  • "The inventory composition…

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Every month the Calgary Real Estate Board releases a report detailing what has been happening in the real estate market. These reports provide valuable information to sellers, buyers, and investors alike. Real estate requires strategic decision making, so staying informed is crucial to ensure you are making the best moves possible.

Here are the highlights from The The Calgary Real Estate Board's market report for August 2024, which you can read in full by clicking here:

  • "Rising sales in the upper price ranges were not enough to offset the pullback occurring in the lower price ranges, as sales in September were 2,003" (CREB).
  • "New listings in September rose to 3,687 units, the highest September total since 2008" (CREB).
  • "September…

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Every month the Calgary Real Estate Board releases a report detailing what has been happening in the real estate market. These reports provide valuable information to sellers, buyers, and investors alike. Real estate requires strategic decision making, so staying informed is crucial to ensure you are making the best moves possible.

Here are the highlights from The The Calgary Real Estate Board's market report for August 2024, which you can read in full by clicking here:

  • "Easing sales, combined with gains in supply, pushed the months of supply above two months in August, a level not seen since the end of 2022" (Calgary Real Estate Board).
  • "Inventory levels in August reached 4,487 units, 37 per cent higher than last August" (Calgary Real…

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Every month the Calgary Real Estate Board releases a report detailing what has been happening in the real estate market. These reports provide really valuable information to sellers, buyers, and investors alike. Real estate requires strategic decision making, so staying informed is crucial to ensure you are making the best moves possible.

Here are the highlights from The The Calgary Real Estate Board's market report for July 2024, which you can read in full by clicking here:

  • "With 2,380 sales and 3,604 new listings, the sales-to-new listings ratio fell to 66 per cent, supporting a gain in inventory" (The Calgary Real Estate Board).
  • "The gain in inventory combined with slower sales caused the months of supply to rise to 1.8 months, still…

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Every month the Calgary Real Estate Board releases a report detailing what has been happening in the real estate market. These reports provide really valuable information to sellers, buyers, and investors alike. Real estate requires strategic decision making, so staying informed is crucial to ensure you are making the best moves possible.

Here are the highlights from The Calgary Real Estate Board's market report for June 2024, which you can read in full by clicking here:

  • "Sales in June reached 2,738, marking a 13 percent decline from last year’s record high" (Calgary Real Estate Board).
  • "New listings also eased relative to sales, causing the sales-to-new-listings ratio to remain elevated at 72 per cent. However, with 3,789 units available,…

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Here are the highlights from The Calgary Real Estate Board's market report for February 2024, which you can read in full by clicking here:

  • "March sales rose to 2,664 units, a 10 per cent year-over-year gain and much higher than long-term trends" (Calgary Real Estate Board).
  • "While new listings did pick up over last month, the 3,172 units were still below what we typically see in March" (Calgary Real Estate Board).
  • "Months of supply fell below one month" (Calgary Real Estate Board).
  • "Inventory levels have declined across properties priced below $1,000,000, with the steepest declines occurring for homes priced below $500,000." (Calgary Real Estate Board).
  • "The unadjusted total residential benchmark price rose to $597,600" (Calgary Real…

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Here are the highlights from The Calgary Real Estate Board's market report for February 2024, which you can read in full by clicking here:

  • "New listings continued to rise in February, reaching 2,711 units" (The Calgary Real Estate Board).
  • "[Sales] increased by nearly 23 per cent compared to last year for a total of 2,135 units" (The Calgary Real Estate Board).
  • "Low supply and higher sales caused the months of supply to fall to just over one month, nearly as tight as levels seen during the spring of last year" (The Calgary Real Estate Board).
  • " The unadjusted detached benchmark price was $585,000" (The Calgary Real Estate Board).
  • "[The] East district is experiencing the highest year-over-year price growth at 25 per cent, while the...…

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Thank you to all my valued clients! Looking ahead to 2024, we express our sincere gratitude for the trust you have placed in us. Your loyalty and continued support are an integral part of my continued success as a 2023 Year-End "Top 6" Individual Real Estate Agent at RE/MAX Real Estate (Central), the #1 Selling RE/MAX Office Worldwide for 25 Years! As always, your referrals of family and friends are truly appreciated! KEN RICHTER Awarded "Top 6" 2023 Top Producing Individual Agent RE/MAX Real Estate (Central) #1 RE/MAX Office Worldwide for 25 years! Your Calgary, Bowness & Montgomery REALTOR® Ken Richter

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Every year the Calgary Real Estate Board (CREB®) announces their forecast for the Calgary real estate market. This is such informative, valuable information for you to have as a buyer, seller, investor, or window-shopper. Real Estate is a major financial investment, so you want to ensure you go into any kind of transaction with eyes wide open. Here are some of the highlights from their report, which you can read in full by clicking here:

  • "Rising lending rates have had a notable impact on the housing sector, prompting potential buyers to search for more affordable housing options"
  • "Supply remains an issue this year, but gains in new home starts and new listings are expected to support some modest gains"
  • "Supply growth is anticipated to be…

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