Michael's Corner: Calgary Real Estate Advice & Analysis

Calgary Real Estate Market Update- August 2024

September 4, 2024 Calgary housing market sees shifts Housing market activity continues to move away from the extreme sellers’ market conditions of the spring. Easing sales and increasing supply pushed the months of supply above two months in August, a level not seen since the end of 2022. “As expect

Calgary Real Estate Market Update- July 2024

August 1, 2024 Supply levels improve, taking some pressure off With the busy spring market behind us, we are observing some shifts in supply levels. In July, there were 2,380 sales and 3,604 new listings, resulting in a sales-to-new-listings ratio of 66%, which contributed to an increase in inventor

Calgary Real Estate Market Update-June 2024

July 2, 2024 June Sales decline amid supply challenges and rising prices Sales in June totaled 2,738, reflecting a 13% decrease from last year’s record high. While there was an improvement in sales for homes priced above $700,000, it wasn’t enough to counteract declines in lower price ranges. Despit

Calgary Real Estate Market Update- May 2024

June 3, 2024 Calgary home sales remain robust despite supply shortages in lower price rangesIn a market that continues to show resilience, May saw a total of 3,092 resale home sales. While this figure is nearly one per cent below last year’s record high, it is 34 per cent higher than long-term trend