Calgary real estate market remains hot; average price of home up to $457,900 – Calgary

 Calgary real estate market remains hot; average price of home up to $457,900 – Calgary

After a flurry of home sales over the summer, Calgary’s real estate market was readying itself for a September slowdown.

But the latest numbers from the Calgary Real Estate Board show that sales are continuing to grow year over year.

CREB reports 2,162 residential homes were sold in September, an increase of 26.7 per cent from this time last year.

Read more:
Calgary’s housing market stages remarkable rebound: ‘It’s like a scene out of Mad Max’

Inventory slipped to 5,607 properties, a drop of 10.3 per cent, forcing prices to continue to climb.

The average home price in Calgary rose to $457,900, which is an 8.6 per cent increase compared to September 2020. The average detached home is going for $537,500.

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Justin Havre from RE/MAX First said the numbers show that Calgary remains an active market for both buyers and sellers.

“The…

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