Found 1 blog entry tagged as economic outlook real estate alberta.

The Market has continued to decelerate through July, but sales remain above the ten-year average for the month. The new listings coming to market have also slowed, but continue to outpace the sales so the total inventory levels are rising, helping bring the Province back into strong but balanced conditions.  Below, you can see in the activity through July that the lower inventory is selling at a much higher volume than the higher-priced inventory. This is due to rising interest rates and inflation, reducing purchasing power for buyers. Also notice that the lowest and highest price points are the markets that have moved into balanced months of inventory, but the year-to-date numbers have the markets between $300,000 - $700,000 in a seller's…

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