Calgary
Real Estate Trends

Housing Market Report for November 2017

Media Inquiries

press@zolo.ca

Calgary Housing Prices

The change in average home price is affected by two factors:

  1. The proportions of home types sold has changed. This means that the mix of homes sold has shifted from a majority of higher-priced homes to a majority of lower-priced homes, or vice versa.
  2. Assuming the mix of homes is relatively stable, all homes are being sold for more or less than the last period.

For example, if the average price decreased from last year, all homes sold this year were either sold for less and/or the majority of them were budget-friendly condos, rather than expensive single-family homes.

How we calculate our stats

Calgary Housing Inventory

Calgary Rankings
out of 6 in Greater Calgary

Calgary vs. Greater Calgary

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For media inquiries contact press@zolo.ca

About this Report

See a current overview of the housing market with with Zolo's Calgary real estate market trends. If you're wondering about your city's average house price, housing inventory, or how long it takes to sell a home, all this has now been broken down for you. The home price data we report is consistently refreshed, with the latest coverage between October 20 - November 17. The report also includes percentages that denote the year-over-year change from the same period in 2016. These real estate statistics are accompanied by rankings of all cities in the Greater Calgary area based on home sold price, price growth, days on market, and turnover. This way, not only do you get a comprehensive glimpse of the Calgary housing market, but you also get to see how it stacks up against other cities. All this information is intended to give you a thorough understanding of both the local Calgary and the Greater Calgary area, so that ultimately, you'll be able to make a well-informed decision about where you'd like to live. Enhance your real estate research by pairing Zolo's market report with other MLS stats, such as the MLS Home Price Index.

Numbers are based on firm contract dates, not when the transaction is reported or when the contract closes.

A contract is firm when both the home seller and buyer agree to the transaction, however this may not be reported in a timely fashion. Therefore, transaction reported dates are when the Realtor submits the sale to their local board. A contract is closed when the transaction actually occurs and the buyers move into the house. Normally, contracts close about 6-8 weeks after a contract is firm, which means the data you're seeing is reported in real-time.

Data is reported in 4 or 8 week periods.

28 and 56 day periods are used because some months have more weekends than others. This ensures that each period has the same amount of days and weekends so that a like-for-like comparison can be made.

What does pro-rated data mean?

Based on historical reporting, it can take up to four weeks or more for transactions to be reported. This means that approximately 30% of home transactions that occured within this period have yet to be included in this report. Because of this, this period's numbers are considered "pro-rated."