Catching up on the current state of the Market in Calgary
I write this post in Europe while on sabbatical from Selling Real Estate in Calgary so there will be a flurry of posts until the monthly market stats are finally up to date on our blog. You can follow me on my journey across Europe when I start posting all my pictures and maps of the places I have visited.
My apologies for the delay in keeping our blog and stats up-to-date. However, the Real Estate Market Values and Calgary Real Estate Board News Releases are now caught up on our Calgary Market Trends page so please feel free to download the reports until the blog is current again.
We had an incredibly busy three months at the beginning of the year as there was declining inventory and rising prices with the threat of increasing interest rates just on the horizen. In addition our Canadian Finance Minister tightened lending rules. I have some choice words for these changes and how I believe they affected our languishing market now but we will leave those until I come back.
What a difference a few months makes to the state of the market today compared to earlier this year - rising housing inventory, lower prices, and the banks have moderated their call for increasing interest rates! It's definitely a buyer's market today which is good news for buyers but means that sellers will need to adjust expectations accordingly.
Stay tuned for more within the next few days. My contact info while in Europe until September 29 is at http://Elke.tel