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Market Update November 2014

Posted by Arshad Rashed on Monday, November 3rd, 2014 at 4:28pm.

Resale housing market moves toward more balanced conditions. Price growth eases as supply improves. Here is a quick market snapshot for October 2014.

The single-family benchmark price for October is $513,500 a 9.72% increase year over year. The Condominium apartment benchmark price is $299,800 up 8.58% and the townhouse benchmark price is $337,800 up 9.75%. Overall sales for the month totaled 2,147 units, compared with 1,948 during the same period last year up 10.22%.

Net migration, strong employment with rising wages, tight rental market and low interest rates; have supported the demand in our housing sector.

Call Jeff Campbell 403-275-3331



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