January 2021 - Monthly Calgary Real Estate Market Update
January sees highest year-over-year change (+41%) in total residential sales in the past 10 years
New Listings were slighty down year-over-year (-5%); and the lowest January level in the last 10 years.
Inventory saw a large drop (-22% year-over-year) to levels alike 2013. This is probably why we have been seeing increased multiple offers across numerous price ranges and property types.
Average and median detached home prices saw an uptick (+3.6% and +4.5% respectively year-over-year), bringing us over the $550,000 level (average) for January.
Semi-detached home average prices saw a slight decrease (-0.7% year over year) and median prices saw a slightly higher decrease (-4.7% year-over-year)
Row home average prices also saw a drop (-3% year-over-year) while the median remained relatively unchanged (+0.2%)
Condo prices had a bounce (+9.6% year-over-year); median also up +4.8% year-over-year.
(Data provided by CREB)