October Real Estate Market recorded 1,857 overall sales due to slower sales activity in detached homes, 15% less than last year. Here are key takeaways👇 🏡 Detached Home Benchmark Price is $623,900. 11.7% increase 📈 from Oct 2021. 🏫Condo Benchmark Price is $277,800. 10.5% increase 📈from Oct 2021 🔹“New listings trended down this month causing the sales-to-new-listings ratio to rise to 85 ％ and inventories to trend down. Much of the inventory decline has been driven by product priced below $500,000.” 🔹 Although not immune to inflation and rising borrowing rates, Calgary Housing Sales haven’t been affected as other areas in Canada due to strong employment growth, positive migration flows, and a stronger commodity market are helping offset some of that impact. 🔹Tighter Market conditions continue to favor seller in the lower price ranges 🔹3356 units in Total, 1720 Single Detached Homes as of Nov 1, 2022. Source: CREB Are you planning to sell or buy? Call or Text us at 403-2...