Calgary Real Estate Board – CREB®

Calgary Market Conditions


Single Detached

Months of inventory for single detached homes numbered 1.1 at the end of the fourth quarter of 2021, down from the 2.7 months recorded at the end of the fourth quarter of 2020. This was the lowest level of months of inventory ever recorded in a fourth quarter.

The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

With a tighter market, homes spent less time on the market in the fourth quarter of 2021 than they had a year earlier.

The median number of days on market for single detached homes was 26 in the fourth quarter of 2021, down from 38 days in the fourth quarter of 2020.


Townhouse

Months of inventory for townhouse and row units numbered 1.4 at the end of the fourth quarter of 2021, down from the 3.4 months recorded at the end of the fourth quarter of 2020.

The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

With a tighter market, townhouse and row units spent less time on the market in the fourth quarter of 2021 than they had a year earlier.

The median number of days on market for townhouse and row units was 33 in the fourth quarter of 2021, down from 50 days in the fourth quarter of 2020.



Apartment Units

Months of inventory for apartment units numbered 3.3 at the end of the fourth quarter of 2021, down from the 5.9 months recorded at the end of the fourth quarter of 2020.

The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

With a tighter market, apartment units spent less time on the market in the fourth quarter of 2021 than they had a year earlier.

The median number of days on market for apartment units was 48 in the fourth quarter of 2021, down slightly from 53 days in the fourth quarter of 2020.