July 2020 - Market Update

Posted by Jared Chamberlain on Friday, July 3rd, 2020 at 8:44am.

The market in Calgary is ever changing. We are seeing a real mix of multiple offers, urgent buyers as well as areas of the city that are taking longer than normal to sell. It is safe to say that for some markets in Calgary we are seeing the spring market in full bloom.

In the month of June there was a 6% increase in the number of listings that came on the market compared to June 2019. This is showing us that there is demand and a need/want for many Calgary families to move and experience a change during these COVID months.

If home sales continue like we saw in June, we could see a stop of the downward pressures on the prices of homes in and around our city. But that won't be known until later.

July_2020_Calgary_Market_Stats

July_2020_Calgary_Market_Stats

July_2020_Calgary_Market_Stats

July_2020_Calgary_Market_Stats

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