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Market Update October 2013

Posted by Arshad Rashed on Wednesday, October 2nd, 2013 at 2:11pm.

Rise in New Listings Prevents Further Tightening in the Resale Market.

As Calgary's market remains in seller's territory, a notable shift is occurring with new listings. Monthly levels of new listings have been declining since 2011, over the past three months the levels of new listings have improved   The growth was not enough to cause any significant changes in inventory levels, but it has helped prevent further tightening in the market.

The detached benchmark price for September is $463,700 an increase of 7.11% year-over-year.  The apartment benchmark price is $272,900 an increase of 9.47% and the attached benchmark price is $299,100 an increase of 7.71%.  Overall sales for the month totaled 1,923 units, compared with 1,610 during the same period last year.

Call Jeff Campbell 403-275-3331



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