We had another outstanding month in April registering an incredible 34 sales, 7 of which sold at or above list price. This has been the busiest sales month in years in the community and has pushed conditions even further into seller’s market territory.
The Days On Market (DOM) numbers tracked slightly lower than March given the increased demand, the DOM came in at 31.8 for the entire sales group, detached single family homes fared the best at just 13.9 days followed by the rowhouse/condo attached category at 35.7 days with apartments trending much higher at 73.6 days.
The inventory level has once again decreased with only 21 currently active listings which based on the rolling 6-month sales average translates into just 1.3 Months Of Inventory (MOI), down notably from 1.7 months in March and 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!