Found 2 blog entries tagged as Calgary Homes for Sale.

House prices and sales numbers usually grab the headlines but there’s another issue in the spotlight and that’s low inventory. The number of homes listed for sale in Calgary and across the country is at near record lows. With less supply comes higher prices.

Inventory Levels

Simply put, housing inventory is at about half its normal level across Canada. The Canadian Real Estate Association says nationally there’s about 2.3 months’ worth of supply available in July. Its chair, Cliff Stevenson warns “it’s record low inventories that should be our focus. We still have extremely unbalanced housing markets all over the country.”

Here in Calgary, there’s been some improvement in housing inventory levels this year. Calgary Real Estate Board figures…

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For anyone concerned about the health of the real estate market in Calgary, the steady increase in sales of single family residences will be welcome news. While the numbers of Calgary home sales have not recovered to the 10 year average rates, experts are optimistic that the local market is continuing to strengthen.

The combination of well-priced homes hitting the market, along with a steady supply of interested buyers has increased home sales by 5% over last year. While the number of sales has been slowly but steadily increasing, home prices have remained fairly stable at reasonable levels that have encouraged potential home buyers to take the plunge.

For homeowners looking for something affordable, there are many Northwest Calgary homes for sale…

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