The content for this comes from my most read blog of all time. It's been a fan favourite probably because it's also my most poignant and honest blog.

So if you’re currently selling your home or you might ever sell your home one day, Listen up. I'm going to share with you three very honest things that you need to know. 

We're on the road to a stable market but not quite there yet.

Home sales were up 8% and inventory was down 8% in January 2020 compared to January 2019.

But it's not enough to see price increases yet. Overall, home prices were down 1%.

But those are just averages. There is tons of variation depending on location, type of home, and (most importantly) price.

Lower priced detached houses, and now apartments too, are starting to see some slight price increases. More expensive homes, over $500,000 are oversupplied and prices are continuing to drop.

Check out the blog: https://www.timolynik.com/blog/market-stats-by-type-of-home

The continuing trend for Detached Homes in Calgary is that Homes under $500,000 are very stable - prices aren't moving in either direction and inventory is fairly balanced.

Homes over $500,000, especially in the West and City Centre, are continuing to struggle. Both districts are down more than 3% from last year.

Check out the blog: https://www.timolynik.com/blog/market-stats-by-type-of-home