The market continues to heat up but showings are down??
The last week in January saw the showings taper offer from the busy week prior. Our current rate of showing sis more comparable to this time of year in 2019, down slightly from the same time period in 2020. This appears to not be due to lack of demand, but rather to the lack of inventory that is currently available.
The active listing inventory across the Province is down -23% from 2020, and down -29% form the same time in 2019! Even with the drop in inventory, the sales outpace last years numbers by +44%! This has caused our months of inventory to drop to 4.6 months across Alberta.
Due to this decrease in inventory, buyers are competing for the properly priced inventory, and sales are up in all price ranges year over year.