2021 Year In Review Market Update
2021 was quite the year!
Between August 2020 and August 2021, home prices across the United States and Canada rose to record levels, with the U.S. housing market rising to a record of 19.9% and the Canadian housing market rising to a record 21.4%.
We are entering 2022 with some of the tightest conditions seen in over a decade. As of December, inventory levels are nearly 25 per cent lower than long term averages for the month. This will have an impact on our housing market as we move through 2022. More details on the housing market forecast for 2022 were released on Jan. 25.
2022 stands to be another strong year for sellers. If you're thinking about selling your home, being aware of the trends in the market will help you understand the strength of the market.
Our 2021 Year in Review market update showcases everything you need to know about local real estate trends as we head into the new year.
Our Team's 2021 In Review
Total Sales Volume
Our Calgary Market 2021 Year in Review
Sales to New Listings
Average Sales Price
Months of Supply
Average Days on Market
Average Price per Square Foot
Curious about how your home's value changed in 2021?
We will gladly prepare a Comparative Market Analysis for you so that you are armed with the most current information heading into 2022.