Rod Forsythe April 10 real estate report.
Total unit sales are almost back to normal in the Calgary market.

Calgary’s real estate market is still finding its footings after a very soft time since October 2008. Total unit sales are low compared to the rest of this millennium and the activity remains mainly under the $600,000 price point. The inventory is creeping up quickly and this will mean neutral pricing and the buyers are in control again. Interest rates have already headed upwards and with the turmoil in Europe and Greece especially the rise might take a bit more time. When rates do rise and if inventory does remain high the average price should remain in a calm growth pattern.

The market is close to balanced with slow growth as far as the experts are concerned. The average price in Calgary came down $10,000 in April from March and with interest rates this low it still seems to be a great time to get into the market. If you’re thinking about moving across the market, timing could be great and it is okay to sell your property again. Please call or e-mail me if I can be of any help.
Slow and steady growth will lead Calgary out of this.

Have a great day, Rod Forsythe/ April 2010
E-mail- rod@rodforsythe.com tel. 403.777.1040