Happy New Year! We are excited to kick off another incredible year in Calgary Real Estate, as well as celebrate a remarkable 2021 for the market. The Calgary Real Estate board has released their analysis of what went on in the market in December, and later this month we will report on their 2021 year in review. In the meantime, here are the highlights from December 2021:
- "There were 2,110 sales in November, just shy of the record for the month set in 2005." (Calgary Real Estate Board)
- "New listings in November totaled 1,989 units." (Calgary Real Estate Board)
- "With a sales-to-new-listings ratio of over 100 per cent, inventory levels dropped to 3,922 units and the months of supply dipped below two months." (Calgary Real Estate Board)
- "Sales have remained at roughly the same levels seen since August." (Calgary Real Estate Board)
- "Persistent demand and slow supply reaction caused the benchmark price to trend up this month to $461,000, an increase compared with last month." (Calgary Real Estate Board)
Calgary Real Estate Board Chief Economist Ann-Marie Lurie says, "Lending rates are expected to increase next year, which has created a sense of urgency among purchasers who want to get into the housing market before rates rise. At the same time, supply levels have struggled to keep pace, causing tight conditions and additional price gains.”
Are you ready to make your move? Contact Ken Richter today to buy, sell and invest in the thriving Calgary real estate market! You can call at 403-630-6363 or email at Ken@KenRichter.com
Have a great January!
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