Best Time to Sell a House in Calgary
Realtor® with 2% Realty
Are you wondering what is the best time to sell a house in Calgary? The timing of your property listing can significantly impact your selling experience. We have utilized artificial intelligence to analyze 15 years’ worth of Calgary sales data, providing a definitive answer to the best time to sell.
The optimal month to sell a house in Calgary is March. Our data shows that March consistently outperforms other months in key sales metrics, such as days on the market, list-to-sold price ratios, and sale prices. June, April and May also exhibit strong performance.
We will delve deeper into a comprehensive analysis of how different seasons affect your home’s selling potential in Calgary. Additionally, our AI analysis has uncovered some surprising findings about how the post-COVID recovery has transformed the Calgary real estate landscape, altering long-term trends.
Our AI model analyzed 15 years of Calgary sales data to identify the best and worst months for selling. It ranked them based on a scorecard that considered the lowest days on the market, highest list-to-sold price ratio, and highest sold price.
The long-term data suggests that May has been the best performing month, with a score of 0.94. June and March are also top performers, rounding out the top three.
Rank | Month | Cumulative Score |
|---|---|---|
1 | May | 0.94 |
2 | June | 0.91 |
3 | March | 0.89 |
4 | April | 0.88 |
5 | February | 0.80 |
6 | July | 0.69 |
7 | August | 0.64 |
8 | September | 0.58 |
9 | October | 0.52 |
10 | November | 0.41 |
11 | January | 0.28 |
12 | December | 0.00 |
There’s no question the pandemic altered many things in our lives, and that this has been reflected in patterns of how consumers purchase, what they purchase and when they purchase. Our AI model appears to show that housing has been affected by this phenomenon. Running the same score card analysis but this time only using post-pandemic data starting in January 2020, we see a notable shift in the eagerness for consumers to buy a home.
The short term data suggest that the best performing month has been March with a score of 0.91. May’s score has dropped significantly to fourth place. Now the top three are rounded out by the months and June and April. Peak Real Estate Demand in Calgary also coincides in March.
Rank | Month | Cumulative Score |
|---|---|---|
1 | March | 0.91 |
2 | June | 0.83 |
3 | April | 0.82 |
4 | May | 0.80 |
5 | February | 0.79 |
6 | July | 0.66 |
7 | August | 0.58 |
8 | October | 0.53 |
9 | September | 0.49 |
10 | November | 0.41 |
11 | January | 0.20 |
12 | December | 0.00 |
After considering both the long-term and short-term scores, it is clear that March consistently emerges as the best time to sell a house in Calgary. This month aligns with the seasonal peak demand in Calgary’s housing market, making it an optimal time for selling.
Furthermore, we will delve into several additional key factors that homeowners should consider to effectively leverage these insights to their benefit.
Before rearranging your plans to list your home for sale in March, consider that Calgary provides sellers with a broad window for effective selling. The period from mid-February to mid-June typically shows great performance, with lower days on the market and higher sold prices.
In fact, the difference in the average selling price for detached homes between March and May is only $1,140. Additionally, June can be an excellent month for selling, as it often registers the highest sold prices.
The reality is that listing your home for sale involves many significant considerations, and timing the market perfectly is not always realistic. So, let’s examine the outcomes for sellers who might list in the second half of the year.
December is consistently the least favorable month to sell your home in Calgary, across all metrics including days on the market, list-to-sold price ratio, and sold price. Unless absolutely necessary, this month is not ideal for selling.When looking at the average sold prices for detached homes, December’s figures are substantially lower than those in other months, a trend observed in both short-term and long-term data sets.
However, months like July, September, and October are noteworthy as favorable times to sell. In fact, over the last three years, October’s performance has come close to that of April and May when homes are priced correctly.
When considering listing a home after June, sellers should manage their expectations realistically, and not anticipate achieving the same results as their neighbours did earlier in the year.
Rank | Month | Avg. Sold Price |
|---|---|---|
7 | October | $626,261.50 |
8 | July | $624,460.50 |
9 | September | $623,156.75 |
10 | August | $621,754.25 |
11 | November | $617,979.25 |
12 | December | $586,443.33 |
For homeowners approaching their mortgage renewal window, timing the market to align with optimal selling months is a crucial strategy. By planning to list their property during peak performance periods, such as March through June in Calgary, homeowners can maximize their chances of a favourable sale. This approach ensures they are entering the market when demand is high, potentially leading to quicker sales and better financial outcomes.
Investors, on the other hand, should consider aligning their lease expirations with periods that precede optimal selling times. For instance, setting lease terminations in Calgary for January or February can prepare the way for listing the property in the high-performing months of March and April. This strategic timing allows investors to capitalize on market conditions when they are most advantageous, potentially selling the property swiftly and at a higher price once the tenant has vacated.
Erick Dillmann
With more than 17 years in the Calgary real estate sector, Erick offers an extensive knowledge base and expertise to each client he assists. Serving as a committed associate of 2% Realty for over ten years, he blends his marketing expertise with a sincere passion for exceeding client expectations. Erick’s remarkable success is demonstrated by his achievement of the Top Platinum Producer award for eight consecutive years.
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