September 2022 Market Update

September_Stats_Instagram_PostsMost 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
Price
Detached Houses - Up 12.89%
Semi-Detached Homes - Up 10.5%
Townhouses - Up 15.14%
Condos - Up 10.7%
Supply
Total Inventory - Down 20.78%
New Listings - Down 9.7%
Demand
Total # of Sales - Down 11.87%

Posted by Jared Chamberlain on
EmailSend a link to post via Email

Leave A Comment

e.g. yourwebsitename.com
Please note that your email address is kept private upon posting.