September 2022 Market Update
Most Important Piece of News
Calgary Real Estate Market Update, October 2022
Everyone is talking about it:
1) Interest rates are up
2) Total sales are down
3) Prices are trending down
It sounds incredibly depressing, doesn't it!!!
But don't believe everything you hear. The sky isn't falling, and many positives are happening in our market. Here is what is actually happening in the Calgary real estate market.
Sellers who focus on what they can control (Pricing Right and Preparation before going live on the market) are still selling and ahead 10.73% from 2021.
Buyers now have time to do inspections, shop, negotiate and get what they want. Multiple offers are still happening, but you don't have to lose your shirt and not have conditions to win!
If you want to buy or sell, we are here for you!
Calgary Market Data, The Numbers
Detached Houses - Up 12.89%
Semi-Detached Homes - Up 10.5%
Townhouses - Up 15.14%
Condos - Up 10.7%
Total Inventory - Down 20.78%
New Listings - Down 9.7%
Total # of Sales - Down 11.87%
Posted by Jared Chamberlain on