Although the Calgary Detached absorption rate was lower in August 2015 compared to July 2015, the absorption rate was still better than in 2011 and 2012. In addition the inventory was higher in 2011 and 2012 than in August 2015. So while we are feeling the effects of a volatile oil and gas sector, the market has not yet reached the market conditions of 2011 and 2012.
Of course every neighbourhood and price segment is unique and will have its own market pattern but the market as a whole seems to have continued to be in balanced conditions.
Download Calgary and Area Real Estate Statistics – August 2015
If you are curious about the current market value of your home, or market conditions in general, please feel free to contact us.
Hope this helps!
Susanita de Diego
