Calgary Looking Hopeful as Homes Rebound
- Image via Wikipedia
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
Related articles
- Interest rising in Calgary’s buyer’s housing market (calgaryherald.com)
More related Positive News
Record Home Resales in Canada
November 16, 2009 by admin
Filed under Home Resales
“Low interest rates and upbeat consumer confidence continue to release the pent-up demand that built late last year and earlier this year,” CREA President Dale Ripplinger said in the statement.
Sales records were set in British Columbia, Ontario and Quebec. Sales rose 5.1 percent to 45,818 units in October on a seasonally adjusted basis,says the Canadian Real Estate Association . The average nationwide price also rose to a record C$341,079 ($326,500), 21 percent higher than a year earlier.
