CALGARY MARKET UPDATE

The Numbers.
What They Actually Mean.

Live Calgary housing data translated into the things buyers, sellers and investors actually need to understand.

LIVE MARKET DATA Checking latest CREB® data…

MARKET BALANCE

— months
of supply

Reading the market…

Current conditions are being calculated from the latest available Calgary sales and inventory data.

Tighter Balanced More buyer choice
PRICE DIRECTION —

Benchmark price

Calculating year-over-year change…
BUYER CHOICE —

Active listings

Calculating inventory change…
NEW SUPPLY ABSORPTION —

Sales compared with new listings

Calculating how quickly new supply is being absorbed…
MOE’S READ

Calculating the current market…

The latest Calgary market figures are being analyzed.

MONTHLY SALES —

—

NEW LISTINGS —

—

MEDIAN PRICE —

—

AVERAGE PRICE —

—

MARKET PACE —

Days on market

Connecting to the latest available CREB® Daily Housing Summary…

WHAT THIS MEANS FOR YOU

Same market.
Different decisions.

A market statistic only matters if it changes what you should do. Here’s how the current Calgary numbers translate depending on which side of the market you’re on.

01 BUYING
CURRENT SIGNAL Reading current conditions…

Current Calgary conditions are being analyzed.

—
02 SELLING
CURRENT SIGNAL Reading current conditions…

Current Calgary conditions are being analyzed.

—
03 INVESTING
CURRENT SIGNAL Reading current conditions…

Current Calgary conditions are being analyzed.

—
MOE’S BOTTOM LINE

Calculating the current market position…

Loading latest available Calgary market data…

PRICE REALITY

Three prices.
Three different stories.

Calgary market reports can show several different price numbers. They are not interchangeable — and understanding the difference matters when you are buying, selling or valuing a property.

01
BEST FOR MARKET DIRECTION Benchmark Price
—

Tracks the value of a typical home based on its characteristics. This is the number I prefer when looking at broad price direction.

Calculating change…
02
MIDDLE SALE Median Price
—

The midpoint of all sales — half sold above this number and half sold below it.

Calculating relationship…
03
AVERAGE OF ALL SALES Average Price
—

Adds every sale together and divides by the number of sales. A larger share of expensive homes can move this figure quickly.

Calculating relationship…
THE DIFFERENCE
— average-to-median
price spread

Calculating what the current price mix tells us…

NOW VS. ONE YEAR AGO

Using the current benchmark price and its reported year-over-year change.

CURRENT BENCHMARK —
→
APPROX. ONE YEAR AGO —
CHANGE —
MOE’S TAKE

Reading the current price data…

Loading latest Calgary pricing data…

THE 12-MONTH SHIFT

What changed.
And by how much.

Percentages are useful, but real numbers make the change easier to see. These comparisons use the current CREB® figures and reported year-over-year changes to estimate where Calgary stood one year earlier.

MARKET MEASURE APPROX. ONE YEAR AGO NOW CHANGE
BUYER CHOICE Active Listings
THEN —
NOW —
—

Calculating…

BUYER DEMAND Monthly Sales
THEN —
NOW —
—

Calculating…

NEW SUPPLY New Listings
THEN —
NOW —
—

Calculating…

MOE’S SUPPLY–DEMAND READ — percentage-point gap between sales growth and new-listing growth

Calculating market momentum…

Comparing the movement in sales with the movement in new supply.

WHY THIS MATTERS

Loading the current market comparison…

Loading latest Calgary market data…

WHAT I’M WATCHING NEXT

Three signals.
One market direction.

No single statistic tells us where the market is going. These are three signals I watch together to see whether conditions are tightening, balancing or giving buyers more room.

01
SUPPLY Inventory Pressure
— active listings vs. last year
Tighter Similar More supply
Reading inventory…

Comparing available inventory with the same period last year.

02
DEMAND New Supply Absorption
— sales per 100 new listings
Slower Balanced Stronger
Reading demand…

Measuring how much new supply is being matched by sales.

03
PRICE Benchmark Reaction
— benchmark change vs. last year
Softer Stable Higher
Reading prices…

Comparing the current benchmark price with the same month last year.

CURRENT SIGNAL

Calculating the combined market signal…

Reading supply, demand and price movement together.

Loading latest Calgary market data…

MOE KNOWS REAL ESTATE

The market moves.
You don’t need to chase it.

Once a month, I’ll send you the Calgary numbers that matter, what changed and what it actually means.

STRAIGHT FACTS. NO FLUFF.

Buyers · Sellers · Investors · Homeowners

One useful email a month · Unsubscribe anytime
MOE JARRAH

Calgary Realtor® · Century 21 Bravo Realty

Market data tells us what is happening. The property tells us what to do about it.