October 2022 - Real Estate Market Update - Alberta & Calgary
Posted by AMANDA KU onThe sales activity for Alberta in September fell in line with the ten-year averages for the month. With the total inventory continuing to drop as we come into the Winter months, the average prices continue to rise as we remain in a competitive balanced market in most markets. The Calgary market remains one of the most competitive with Red Deer, Lethbridge and Medicine Hat staying within strong balanced market territory. However, some markets like Edmonton, Grand Prairie and Fort MacMurray are beginning to experience softening as sales slow and months of supply increase. There are some interesting factors at play as the migration numbers from the first two quarters of the year have been reported. In fact, through the first half of the year…
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