The New Year is here and you may be wondering what 2014 has in store for the real estate market. Let's first take a look at 2013. The Calgary market ended the year with 22,500 sales and we saw a 5.83% increase in sale prices. Why is that? Because there is less than three months of inventory. This puts increased pressure on prices.
This is important to keep in mind whether you're a buyer or a seller. Buyers need to buy now before prices increase too high. Sellers also need to beware because now is the time to sell. The highest volume of sales occur during January - April.
If you have any questions about the real estate market or know of a friend, coworker or neighbor who is looking to buy or sell, please give me a call today!
