Calgary Housing Stats - August 2020

August Remains Stable

What happened in August? Nothing really substantial as far as the resale real estate market is concerned. Numbers on average were consistent with the last 5 years though we’re still 13% below year-to-date digits from last year. We also have increased inventory, which helped keep prices from going up this month. Overall, the benchmark is sitting at 1% lower than this time last year. Good news is, it’s not taking any longer for homes to sell. Average ‘days on market’ have been consistent at around 50. Mortgage rates continue to be extremely low and should be enough incentive for potential Buyers to take the leap before the snow flies.

For more detailed reports on specific areas, property types, charts and other data, please don’t hesitate to contact us and we'll be more than happy to provide you with whatever information you're looking for.

Above statistical data taken from the Calgary Real Estate Board monthly housing reports.