Calgary Residential Real Estate – November 2, 2023
“Price gains continue in Calgary’s real estate market as inventory remains low”. per CREB.
In Calgary Months of Supply is at 1.47. It is generally assumed that for a balanced market Months of Supply should be between two and three. Inventory levels have not been this low since 2005!
There has been a 10% year over year price increase in the residential property market. This increase has not been uniform the lower priced property and lower priced areas of the city have seen increases substantially higher than this. Conversely other areas are below the 10% mark. To see how your area or property is doing please contact me.