August 2023 Real Estate Statistics

The Calgary Real Estate Board has released its update on the market! Here are some of the highlights from their report:

  • "Thanks to a surge in the condominium market, August sales reached a record high with 2,729 sales" (The Calgary Real Estate Board ).
  • "The sales-to-new-listings ratio remained elevated at 87 per cent, preventing any significant shift from the low inventory situation. Inventory levels in August dropped to 3,254 units" (The Calgary Real Estate Board ).
  • "The unadjusted benchmark price reached $570,700 in August, representing the eighth consecutive monthly gain. Prices have trended up across all property types, with row-style properties reporting the largest increase" (The Calgary Real Estate Board ).

Calgary Real Estate Board Chief Economist, Ann-Marie Lurie reports, "Higher lending rates have caused many buyers to either hold off on purchase decisions or shift toward more affordable products on the market. The challenge has been the availability of supply, especially in the detached market."

Are you ready to make your move? Call Ken Richter today at 403-630-636! 

Posted by Ken Richter on


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