August 2021 Market Update

The end of summer is here, and we’re officially two-thirds through an incredible year for Calgary real estate.

It’s normal for the market to slow down at this time of year, which is what we’ve been seeing, though sales are still staying strong after our hectic spring and summer. We’re well over 500 sales per week in Calgary, which is a great number. We thought inventory might pop up, but it hasn’t — we’re currently at 6,000, which is in check for a city our size.

Based on our metrics and the amount of buyers currently looking to purchase a home, we estimate that prices are going to stay very stable. This is a great kind of market for buyers and sellers, and a great environment to work in. You can buy with confidence and you can sell with confidence. It’s awesome!

Over the summer, we had a lot of clients take possession of their new homes — a lot of you may be viewing or reading this from your new house, and we want to say thank you for trusting us to get you there. This past summer was a crazy market and a hectic time, and we hope you’re incredibly happy wherever your endeavours have taken you!

Our team would like to wish you a great start to the fall, and if you ever need anything from us, please feel free to reach out. We’d love to help.