Calgary home prices show signs of stability as recovery in the housing market begins to take hold.
 
The following average price information will give you an idea about current market trends: 

According to the latest market statistics released by the Calgary Real Estate Board (CREB):
 
The average price of a single family Calgary home in September 2009 was $459,085, showing an increase of 1 per cent from August 2009 and showing an increase of 3 per cent from September 2008.
 
The average price of a Calgary condominium was $290,253 showing a 2 per cent increase from August 2009 and an increase of 1 per cent over last year.

The number of single family homes sold in September 2009 shows an increase of 9 per cent from September 2008. This is a decrease of 2 per cent from sales in August 2009.
 
The number of condominium sales for the month of September 2009 shows an increase of 25 per cent from September 2008. This is a decrease of 8 per cent from sales in August 2009.
 
“Indeed the market is harder to predict in these early stages of recovery,” says Diane Scott, president elect of the Calgary Real Estate Board. “Sales were stronger than expected in the summer months -- easing slightly in September. We expect a gradual and measured uptake in sales as we enter the fall market.” 

Conditions are still very favourable for home buyers. Mortgage rates remain low and federal government incentives such as the $5,000 tax credit are there to motivate first-time homebuyers to make a purchase before the end of the year.