January 2021 Market Statistics

The title of the Calgary Real Estate Board's latest report on the Calgary housing market is: "January sales signal strong start to 2021!"

On that positive note, here are some of the highlights from their summary:

  • January sales were the highest they have ever been since January 2014. Considering the year we just came out of, this is an incredibly positive indicator of a stronger market and recovering economy. 
  • Improved sales were recorded in all home categories, from affordable single bedroom condos to sprawling luxury estates.
  • Chief Calgary Real Estate Board Economist Ann-Marie Lurie notes, "Discount lending rates are exceptionally low, which is likely attracting all types of buyers back into the market. New listings in the market were also slightly higher than what was available over the past two months, which is providing more options to purchasers.”
  • There were 2246 properties listed in the month of January, and 1208 sales in the month of January. The Calgary Real Estate Board notes, "these types of movements are typical for January, but 2021 is starting the year with 4,035 units in inventory. This is far lower than the past six years."
  • "Benchmark prices remained at levels relatively consistent with prices recorded at the end of 2020, but they reflect a year-over-year gain just below two per cent. Average and median prices recorded higher year-over-year gains, likely due to larger gains in sales in the higher end of the market. Those segments do not have the same inventory constraints as  lower-priced product."

You can read the full report by clicking here!

If you have any questions, contact Ken Richter directly at 403-630-6363.

(Photo via Canva)

Posted by Ken Richter on


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