The crazy seller’s market conditions that have recently taken over the detached single-family category continued to gain momentum across the city last month however the sales within the community remained very low and is due entirely to a lack of available inventory.
There were just 3 sales in Dalhousie last month, 1 detached home and 2 row house condominiums which was well below normal, there is still very strong buyer demand however the listings have just not materialized over the past few months. The ‘actual’ average Days On Market (DOM) numbers came in at 67.0 for the lone detached sale and 22.5 for the 2 row houses transactions.
There are currently only 12 active listings across all property groups in the community which has pushed Dalhousie further into seller’s market conditions with just 1.5 months of available inventory.
Switching to the overall Calgary numbers, the story was much the same with 1,208 completed sales last month which once again marked an increase of just over 40% year over year.
If you are currently searching for a home make sure you are working with a Realtor who can get your through homes almost as soon as they come on the market and prepare to encounter a very competitive marketplace. If you are thinking of selling in 2021 this is an excellent time to list your home and take advantage of the limited inventory and strong buyer demand.
Don’t hesitate to reach out to us for a free comprehensive market evaluation on your property or to set up a professional property search.
We look forward to hearing from you!