Calgary Real Estate Board – CREB®

Calgary Market Conditions


Single Detached

Months of inventory for single detached homes numbered 1 at the end of the first quarter of 2022, down slightly from the 1.5 months recorded at the end of the first quarter of 2021.

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 first quarter of 2022 than they had a year earlier.

The median number of days on market for single detached homes was 10 in the first quarter of 2022, down from 20 days in the first quarter of 2021. This was the lowest level of median number of days on market for single detached homes ever recorded in any quarter.


Townhouse

Months of inventory for townhouse and row units numbered 0.9 at the end of the first quarter of 2022, down from the 2.2 months recorded at the end of the first quarter of 2021.

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 first quarter of 2022 than they had a year earlier.

The median number of days on market for townhouse and row units was 14 in the first quarter of 2022, down from 33 days in the first quarter of 2021.



Apartment Units

Months of inventory for apartment units numbered 1.5 at the end of the first quarter of 2022, down from the 4.2 months recorded at the end of the first quarter of 2021.

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 first quarter of 2022 than they had a year earlier.

The median number of days on market for apartment units was 27 in the first quarter of 2022, down from 42 days in the first quarter of 2021.