The headline of this month's market summary from the Calgary Real Estate Board? We are still in a seller's market!
Here are some of the highlights from their report:
- "Calgary’s housing market is showing few signs of letting up, as sales reached 2,915 units in June – a record high for the month."
- "New listings in June totalled 4,135, the second-highest level ever recorded for the month. This caused inventories to trend up to 6,918 units."
- "[Inventory] was balanced by strong sales and the months of supply remained relatively tight at 2.4 months."
- "The benchmark home price continued to trend up in June, but the monthly gain slowed to less than one per cent."
Calgary Real Estate Board Chief Economist Ann-Marie Lurie notes, "It is taking time for supply to catch up with the demand in the market. Through the early spring market, many buyers did not have a lot of choice, but the recent improvements in supply are providing more options for those purchasers and supporting the strong sales we continue to see in June. At the same time, gains in inventory are taking some pressure off the market as it starts to trend towards more balanced conditions."
To read the full report please click here!
Are you ready to make your move? Whether you're wanting to buy, sell or invest, Ken Richter can help you. Call him directly at 403-630-6363.
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