Many potential buyers have been sitting on the fence in the last few months speculating on home values, moreover waiting for prices to slide further. Last month 887 sinlge family homes sold in calgary and 309 condos sold in the same month. The stats for september single family sales were 957 with condo sales rounding off the month at 366, showing a slight drop month over month. some say this can be attributed to the expected December slow down that is a historic constant in real estate.
It is hard to say how strong November stats will be this early, but estimates point to a continued reduction in successful transactions for the month. With this reduction in transactions paired with the still high number of active listings (2047 Conos, 4453 Sinlge family, as of Nov 12) now is a fantastic time to search a lot of inventory and be very particular with finding your dream home. With interest rates at a continued low, with increses expected in the new year, now is a great time to lock up a great home and a great rate.
Happy house hunting :)