Residential sales activity continues to improve in Calgary, as year-over-year sales for the month of September increased by 11 per cent.

After the first three quarters of the year, residential sales within Calgary limits totaled 17,018, a 15 per cent increase over 2011, painting a different picture than the national real estate market.

Calgary and area's resale housing market is expected to continue to grow in the latter half of 2012, but at a slower pace than the first seven months of the year CREB® said in its mid-year update.

In an update of its forecast, CREB® said Calgary's resale housing market is expected to continue to grow but at a slower pace in the latter half of 2012.