Looking at the September statistics in isolation will not tell you the complete story. It still looks like we’ve got increasing sales along with an inventory shortage, while the median price is up:
The trend is your friend
More importantly, it appears from the table below that we will see decreased sales in October if the trend continues. We’ve had eight consecutive months of sales increases, but I predict that will come to an end next month. What’s the reason for the imminent sales drop? We’ve had sales increases despite extremely low inventory. Is the long-awaited correction finally going to hit Calgary, or is it that buyers have finally run out of homes to purchase?