April Housing Market
- Apr 8
- 1 min read
An easy-to-understand report about the Calgary housing market right now
Desirable detached homes in Calgary are a bit scarce at the moment, using data from Pillar 9 from the last 30 days:
Right now there are 2 months of inventory in Calgary, according to the most recent CREB report. In a balanced market, it is between 4–6 months of inventory.
Days on Market: Many homes are selling in 0–3 days—the average is 20–30% of the inventory in the last 30 days. In a balanced market, only around 5–10% sell that quickly.
Buyers seem to be more discerning and would rather participate in a multiple offer scenario in Calgary than overpay and have to renovate. It might be because Alberta is also short on skilled trades.
If you do not want to get involved in a multiple offer bidding war for popular listings, here are a few solutions:
Live close to Calgary: Airdrie, Cochrane, Chestermere are offering more value for your dollar.
If you want to live in Calgary and stay within your budget, adjust your expectations to up-and-coming areas and smaller or older homes.
If you want to be in the city and a newer home, consider a Calgary townhouse or condo.
If you really want a certain home and it turns into multiple offers, have your pre-approval, a decent deposit, and even a fan letter to the owner ready to go.
If you want to stay out of the fray in the April Housing Market, let Magnolia help you with a Calgary townhouse or condo, it's a great way to climb the property ladder, and we know good condo buildings that have decent resales.
