Calgary prices, sales dropped in October

The Calgary Real Estate Board’s preliminary figures show a drop of 6.1 per cent in the average MLS price of homes in the city last month.

That means that prices in October averaged $457,513 – the lowest average this year. The median was down 2.6 per cent to $419,000.

Sales volume was down by a third to 1,421. There was also a fall in new listings (down 7.9 per cent) while active listings were higher year-over-year (up 16.1 per cent to 5,576).  

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