The Number of SOLD listings decreased by 11% to 5,822 properties with a top sale of $6.963 million at 7010 11 Avenue SW in Calgary.
The Average Sales Price increased by 1% to $616,233 and the Price Per Square Foot had minimal change, averaging $0and the average price per sq ft has increased by 3% to $451
The inventory of properties available for sale as measured in months supply increased by 56% to 4.2 months worth of properties for sale.
The average 30 year fixed mortgage rate decreased to 6.09% according to Bank of Canada
“So overall, we’re seeing the market settle into a more balanced rhythm. Homes are taking longer to sell, but prices are holding steady and buyers have a bit more choice again. With rates edging down, Q4 could bring a few more people back into the mix — it’s not a slowdown so much as a shift toward stability.”
If you’re thinking about buying or selling residential real estate now or in the near future, it’s important to seek the guidance and advice of a professional real estate agent.
Thanks for reading, catch us again next month for our next Dione Irwin Team Market Update.
The Average Sales Price increased by 1% to $616,233 and the Price Per Square Foot had minimal change, averaging $0and the average price per sq ft has increased by 3% to $451
The inventory of properties available for sale as measured in months supply increased by 56% to 4.2 months worth of properties for sale.
The average 30 year fixed mortgage rate decreased to 6.09% according to Bank of Canada
“So overall, we’re seeing the market settle into a more balanced rhythm. Homes are taking longer to sell, but prices are holding steady and buyers have a bit more choice again. With rates edging down, Q4 could bring a few more people back into the mix — it’s not a slowdown so much as a shift toward stability.”
If you’re thinking about buying or selling residential real estate now or in the near future, it’s important to seek the guidance and advice of a professional real estate agent.
Thanks for reading, catch us again next month for our next Dione Irwin Team Market Update.
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