Calgary Single Family Market StatsOctober 21, 2012 Let's take a look at the Calgary real estate market statistics specifically the single family market. Currently there are 256 sales pending in the single family housing market in Calgary overall, leaving 3468 listings still for sale. The resulting pending ratio is 6.9% (256 divided by 3,724). So you might be asking yourself, that's great... but what exactly does it mean? I'm glad you asked! The pending ratio indicates the supply & demand of the market. Specifically, a high ratio means that listings are in demand and quickly going to contract. Alternatively, a low ratio means there are not enough qualified buyers for the existing supply. "Current inventory is described as somewhat slow." Taking a closer look, we notice that the $300K - $400K price range has a relatively large number of contracts pending sale. We also notice that the $400K - $500K price range has a relatively large inventory of properties for sale at 757 listings. The median list price (or asking price) for all properties in this market is $509,900.
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