MLS market slows again in October
Each segment of Calgary’s resale homes market saw declines in October. Here is the Calgary Real Estate Board’s assessment of each segment.
n Sales in October were 829 units, down 8.6 percent from October 2017 and down 15 percent year to date.
n The largest decline year to date is in the $600,000 to $999,999 price range.
n New listings growth slowed for the second month in a row, helping to prevent further inventory gains. However, as this segment remains oversupplied, prices continue to trend down.
n The benchmark price was $490,200, down from September. Year to date, prices are one percent below last year.