Past few months have been busy busy busy … which is great in so many ways, but not so great for my ability to post on time haha. Yes I’ve fallen behind but promise to catch up today! Can you see the numbers??? While I don’t want to overstate things, it is encouraging to see that our oversupply is softening, and we are down to 4.4 and 4.2 months of supply in Calgary and Okotoks. Our year over year price drop has been hovering at 5-6% for several months, but even that has lessened to 2-3% this past month. In the market we have been enduring, this is potentially the beginnings of good news. The rate of price drop has slowed, and the months of supply have decreased. And, mid-year report from Calgary Real Estate Board projected that we should be in a balanced market by year’s end!!!
So the numbers … just look at them below.