The stats are in for June, and the Calgary real estate market remains strong!
Each month we cover the real estate statistics updated provided by the Calgary Real Estate Board. You can see all of our summaries with links to their data by clicking here.
Without further ado, here are some highlights from the Calgary Real Estate Board's latest report:
- "The housing market in Calgary witnessed a surge in apartment condominium sales, setting a new total residential record with 3,146 sales achieved in June. Although year-to-date sales are currently 23 percent lower than last year, they remain significantly higher than pre-pandemic levels" (The Calgary Real Estate Board)
- "... there has been a positive trend in new listings, providing relief and a monthly increase in inventory levels" (The Calgary Real Estate Board)
- "With a supply of just over one month, the current market conditions continue to favour sellers" (The Calgary Real Estate Board)
- "In June, the total residential benchmark price reached $564,700" (The Calgary Real Estate Board)
Calgary Real Estate Board Chief Economist Ann-Marie Lurie writes, "The demand for housing remains robust, bolstered by a healthy labour market and increased migration levels, which helps offset the impact of higher lending rates. Although we have seen some recent improvements in new listings, particularly for apartment condominiums, it is not enough to cause any substantial change from the low inventory situation in our city. While new home starts are on the rise, it will take time to observe their impact on supply.”
You can read the full report by clicking here.
Ready to make your move? Contact Team Ken Richter today at 403-630-6363 or email Ken@KenRichter.com
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