Weekly Real Estate Update: Mon March 13 – Mon March 20

Calgary
5,478 homes for sale in metro Calgary (up 163)
1,649 homes sold in the last 30 days (up 54)
3.32 months worth of inventory (down 0.01)
30.10% of the homes statistically to sell in the next 30 days (up 1%)
Market Conditions: Balanced Market
Average List Price: $504,325 (up $2,420)
Average Sale Price: $489,508 (up $2,355)
Average days on market: 44 (=)
Average list to sale price ratio : 97.06% (=)
Absorbtion Rate March 20Airdrie
461 homes for sale in metro Airdrie (up 17)
126 homes sold in the last 30 days (up 7)
3.65 months worth of inventory (down 0.08)
27.33% of the homes statistically to sell in the next 30 days (up .53%)
Market Conditions: Buyers Market
Average List Price : $392,957 (up $8,991)
Average Sale Price : $385,449 (up $9,360)
Average days on market: 56 (up 1)
Average list to sale price ratio: 98.08% (up 0.14%)
*Numbers in the brackets are a comparison from last weeks stats. Ideally, we want the number of homes selling in the last 30 days to increase weekly, the months of inventory to decrease (meaning demand is matching inventory) and the % of homes to sell in the next 30 days to increase.

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