Calgary Real Estate Market Update - How long can this go on for?
Derek Timmons from Maverick Group and CIR Realty provides a comprehensive update on the Calgary real estate market as of September 2024. Despite a perceived slowdown during the summer, Derek shares statistical insights revealing continued high sales volumes and low inventory levels. He discusses the impact of declining interest rates and how they have encouraged buyers to re-enter the market. Derek also goes over detailed benchmark prices in surrounding areas such as Airdrie, Chestermere, and Canmore, pointing out significant price increases over the years. Additionally, he highlights the current market conditions, elaborating on months of supply and why now might be a strategic time for buyers to make a move. Derek wraps up by expressing gratitude for client support and encouraging engagement on social media and through referrals.
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