Real Estate Blog

The stats are in! Here are some of the highlights from the Calgary Real Estate Board's latest report:

• "... with 2,171 sales, levels were 17 per cent higher than last year and amongst the highest levels reported for October" (Calgary Real Estate Board)
• " Sales activity has been boosted mainly through gains in apartment condominium sales" (Calgary Real Estate Board)
• "New listings also improved this month compared to last year, reaching 2,684 units" (Calgary Real Estate Board)
• "... months of supply [is at] one and a half months" (Calgary Real Estate Board)
• "The unadjusted benchmark price in October reached $571,600, a gain over last month and nearly 10 per cent higher than last October" (Calgary Real Estate Board)

CREB® Chief Economist Ann-Marie Lurie adds, "Despite some recent improvements in new listings, supply levels remain challenging in our market. It will take some time to see a shift toward more balanced conditions and ultimately more price stability.”

You can read their full report by clicking here. 

Ready to make your move? Contact Team Ken Richter today!

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