September was another great month for Calgary real estate!
Here are some of the highlights from the Calgary Real Estate Board's report:
- "Residential sales totalled 2,162 in September, nearing the record high for the month recorded in 2005. Further gains in new listings likely supported some of the sales growth that occurred this month." - Calgary Real Estate Board
- "Inventory levels in September eased to 5,607 units, keeping the months of supply below three months. However, there is significant variation depending on property type and the tightest conditions continue to be in the detached market, with under two months of supply." - Calgary Real Estate Board
- "As of September, the total residential benchmark price in Calgary was $457,900, over eight per cent higher than levels recorded last year." - Calgary Real Estate Board
- “While sales activity in the fall tends to be slower than in the spring months, the continued strong sales are likely being driven by consumers who were unable to transact earlier in the year when supply levels had not yet adjusted to demand. The market continues to favour the seller, but conditions are not as tight as they were earlier this year.” - Ann-Marie Lurie for the Calgary Real Estate Board
Not sure what all of this means or where to go from here? Contact Team Ken Richter today at 403-630-6363 or Ken@KenRichter.com. Let's start strategizing!
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