Higher-Priced Homes Are Leading the Way: Most of the new listings coming on the market are for higher-priced homes, while there are still fewer options available for lower-priced properties.
Sales Took a Dip in September: Sales were down by 17% compared to last year’s record, with 2,003 homes sold. But the numbers are still 16% higher than what we usually see in September.
More Homes Available: September saw 3,687 new listings, the most since 2008. This has helped boost the total number of homes available, which is almost double what we had in the spring, but still a bit below what we usually see for this time of year.
Market Becoming More Balanced: The market is slowly balancing out, with 2.5 months of supply available. It’s still a seller's market, but not as extreme as earlier this year.
Price Growth Slowing Down: Home prices have leveled off a bit. The benchmark price in September was $596,900, slightly lower than last month but still up over 5% from last year. Detached homes and condos have seen even bigger price jumps.
Click here to view the full City of Calgary monthly stats package.
Whether you’re buying, selling, or just want to stay informed, I’m here to help you to navigate this changing market. Reach out to me for a detailed breakdown of the current trends or if you have any questions about your next move!
today if you want personalized advice or would like to know more about how these trends could impact your plans.
