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 January 2025, which you can read in full by clicking here:
- "Following three consecutive years of limited supply choice, inventory levels in January rose to 3,639 units" (CREB®).
- "Inventories rose across all property types, with some of the largest gains driven by apartment-style condominiums" (CREB®).
- "Citywide, the months of supply reached 2.5 months in January" (CREB®).
- "The total residential benchmark price in January was $583,000, which is relatively stable compared to levels reported at the end of last year and nearly three per cent higher than last January" (CREB®).
Calgary Real Estate Board Chief Economist Ann-Marie Lurie notes, "supply levels are expected to improve this year, contributing to more balanced conditions and slower price growth. However, the adjustment in supply is not equal amongst all property types. Compared with sales, we continue to see persistently tight conditions for detached, semi-detached and row properties while apartment condominiums show signs of excess supply for higher priced units."
Are you ready to make your move? Contact Ken Richter directly today at 403-630-6363 or email Ken@KenRichter.com. In every market, Ken's experience is your advantage.
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