It doesn’t come as any surprise for this time of year that detached homes sales start to wain. It appears Calgary and area reached its peak for price and sales volumes for detached homes this past month. However, 20+% of homes are still selling for list price or higher and inventory of new and used homes for sale remains low. I don’t see any relief on that front with thousands of people coming to our province every month. Apartment sales and row housing continue to be attractive investments and should remain so for the foreseeable future. Inventory levels in all categories remains tight. As long as new construction costs remaining high, we will not see any price relief for buyers anytime soon in both the new and used home markets. The markets are becoming more manageable with less need for buyers to panic.
Two months till Christmas! Crazy where this year has gone.
