Calgary Homes Sales up 10% from 2010
The Calgary Real Estate board has just announced housing stats for year-to-date, and home sales are up. Although sales aren't up to normal historic levels, they have nonetheless improved.
Single family home sales totaled 988 for the month of October 2011, an 11 per cent increase over October 2010, but continue to remain well below historical levels. Year-to-date sales totaled 11,503, a 10 per cent increase over last year. Calgary Condo sales for the first 10 months of 2011 was 4,681 units, a 3% increase over the same period last year. Inventory levels remained at 1,935 units, resulting in months of supply pushing above five months.
“Consumers are feeling more confident about the local real estate market,”…