Calgary Looking Hopeful as Homes Rebound

But the Calgary Real Estate Board said there was a glimmer of hope in September followed by October that sales here are starting to rebound.

Diane Scott, CREB’s president, said September sales were up from the previous month and so far October sales are looking good.”It’s seasonal but it’s an indication there are people out there and that the market is more active than where it’s been,” she said. “I think we’re on a little bit of an upswing.”

In September, single-family home sales broke a five-month streak of month-over-month sales declines, while condo sales ended four consecutive months of decreases.

Despite the decrease in sales on a year-over-year basis, CREA said the average MLS sale price in Calgary rose by 1.6 per cent to $401,080 and new listings rose by 11.4 per cent to 3,873 units.

Read more: http://www.calgaryherald.com/business/Glimmer+hope+seen+home+sales/3681618/story.html#ixzz12lAMXz1H