Calgary’s resale housing market continued upward in October with annual gains recorded in both sales and selling prices.
The Calgary Real Estate Board (CREB) said MLS sales for the month were up 18 per cent from a year ago, to 1,953 properties, while the average sale price rose five per cent to $458,876.
The October Calgary real estate market kept a consistent absorption rate between two to 2.2 months worth of inventory.
New listings increased nine per cent in October; however active listings were down 16 per cent. The average days on the market to sell a property dropped from 45 in October 2012 to 40 last month.
In Calgary, sales and prices were up across all housing categories during the month.
In the single-family home market, sales were up…