Calgary March Housing Market

The Calgary March Housing Market has witnessed an interesting balance between buyers and sellers, as the real estate industry continues to gain momentum. In this blog post, we will delve into the dynamics of the market for both buyers and sellers, providing essential insights on current trends and statistics.

Buyers in the Calgary housing market have been presented with a diverse range of opportunities throughout March. A total of 2,711 units were available for purchase, providing buyers with a substantial selection to choose from. This increased inventory is a positive sign for those looking to enter the market, as it offers more options and potential for finding their dream home.

One crucial factor for buyers to consider is the benchmark price, which in March stood at $585,000. This figure serves as a useful reference point, allowing buyers to gauge the overall cost of properties in the market. By understanding the benchmark price, buyers can make informed decisions about their budget and negotiate effectively.

The Calgary housing market witnessed a total of 2,135 sales in March, indicating a strong demand from buyers. This surge in sales demonstrates the overall health and vitality of the market, as more individuals and families choose to invest in real estate. Sellers, in particular, can benefit from this increased activity, as it generates more interest and competition for their listed properties.

The current supply in the Calgary housing market is estimated at 1.10 months, highlighting a seller's market. This low supply indicates that there are more buyers than available properties, creating a competitive environment. For sellers, this scarcity can translate into a greater chance of selling their property quickly and potentially at a higher price.

Properties listed on the Calgary housing market in March had an average time on the market of 24 days. This relatively short duration emphasizes the importance of acting swiftly when interested in a property, as it may not stay available for long. Buyers are encouraged to work with an experienced real estate agent who can help them navigate the market efficiently and give them an edge in securing their desired property.