It was yet another busy month in April registering and impressive 21 sales with the detached single-family category once again leading the charge with 19 transactions, 5 of which sold at or above list price. This has been the busiest sales month since we started keeping track of the numbers here at My Lakeview and has pushed conditions even further into seller’s market territory.
The Days On Market (DOM) numbers were much higher overall, the DOM came in at 43.6 days for the entire sales group, which is still rather healthy, the detached single family homes fared the best at 35.6 days and the rowhouse listings trended much higher coming in at 120.0 days.
The inventory level remained unchanged with 18 currently active listings which based on the rolling 6-month sales average translates into just 1.6 Months Of Inventory (MOI), down notably from 2.0 months in March keeping the conditions in favour of sellers.
Looking at the overall Calgary market things were busy across the board with an impressive 3,126 completed sales marking the busiest April on record! Inventory levels pushed just above 6,000 total listings but the citywide MOI remained below 2 months at 1.89 and has led to notable price gains in many categories.
As has been the case for the past few months, if you are currently searching for a home make sure you are working with a Realtor who can get your through properties as soon as they come on the market and prepare to encounter a competitive marketplace. If you are thinking of selling, this is an excellent time to list your home and take advantage of the lower inventory and continued strong 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!