October 2021 Market Update

We’re excited to bring you October 2021’s market update for Calgary real estate!

As most people know, it’s been an incredibly busy year for real estate transactions. Over the past month, we’ve seen some price gains across the market coinciding with dropping inventory levels — there are currently less than 5,000 active listings in Calgary, which is low for a city this size. This is great news if you’re looking to sell.

Weekly sales continue to remain high at 500+ per week, which is great for October. We estimate this will continue in the months ahead, as lots of people are trying to get into the market right now. A good example of this happened earlier this month — one of our NW Calgary listings had 17 people wanting to view it on the first weekend! This is indicative of a very reactive market, especially for listings in the lower range of $400k - $600k. With that being said, we’re still seeing lots of activity on properties that are around the $1M mark.

Activity in the market continues to be driven by low interest rates, and if they stay the same, we anticipate next spring and summer will be very busy, and we’ll see a very strong, stable, Calgary real estate market moving forward.

This market update was brought to you by Jeff, Rod, Ray, and Zoe. Click the video above to view the full update for October, and don’t forget to follow us on social media for real-time stats, tips, and new listings!

If one of our listings catches your eye or you’re looking for more information on this month’s market, please don’t hesitate to connect with us directly at info@neustaedterteam.com or 403.208.0555.