Welcome to the real estate market of Calgary, where the combination of low inventory and rising prices has created a frenzy among homebuyers and sellers.
Calgary's low inventory levels have become a challenge for potential buyers. The demand for housing in Calgary, created by one of the highest interprovincial immigration we've ever seen vs the supply has lead to a highly competitive market. The result? Buyers are facing bidding wars and limited options when it comes to finding their dream homes.
While low inventory may pose challenges for buyers, sellers in Calgary are reaping the rewards of this hot market. The limited supply has created a highly favorable seller's market, with properties often selling above their listing prices and within days. If you are considering selling your home in Calgary, now is an opportune time to make a move.
If you look at detached homes in Calgary for the month of May; there were 1095 total listings and 1486 sales! We're selling them faster than we can list new homes. I sympatyze with buyers trying to navigate this market right now.
If you're looking to buy or sell a property in Calgary, now is the time to act. Together, we can navigate the challenges and find success amidst the low inventory and rising prices of Calgary's real estate market.
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