December 2020 Market Statistics Summary

Posted by Ken Richter on Tuesday, January 5th, 2021 at 4:05pm.

Here are some of the highlights from the Calgary Real Estate Board's December Real Estate Monthly Statistics Review:

  • "With December sales of 1,199, this is the highest December total since 2007." - CREB® December Report
  • "The number of sales exceeded the number of new listings in December contributing to further declines in inventory." - CREB® December Report
  • "Annual sales activity declined by one per cent compared to last year and remain well below long-term averages." - CREB® December Report
  • "The recent gain in the benchmark price was not enough to offset earlier pullbacks as the annual residential benchmark price in Calgary declined by one per cent over last year." - CREB® December Report
  • "Housing demand over the second-half of 2020 was far stronger than anticipated and nearly offset the initial impact caused by the shutdowns in spring. Even with the further restrictions imposed in December, it did not have the same negative impact on housing activity like we saw in the earlier part of the year." - CREB® Chief Economist Ann-Marie Lurie
  • "The pandemic has resulted in a significant shift in economic conditions, yet the housing market is entering 2021 in far more balanced conditions than we have seen in over five years." - CREB® December Report

Overall this report is incredibly positive and an excellent way to lead into the new year!

Have questions? Ready to make your move? Contact Ken Richter directly at 403-630-6363.

Your Real Estate Professional,

Ken Richter

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