June 2016 Statistics
Posted by Ken Richter on
The June statistics are in!
For those of you just joining us here at Team Ken Richter, welcome! Every month the Calgary Real Estate Board (CREB®) publishes a summary of what happened in the housing market during the previous month. This is a fantastic way for buyers, sellers, investors and renters to stay up to date on market conditions. By tracking trends you can make smarter real estate choices, and we are here to help.
So, what happened in June?
Home prices continued to slide downwards as a buyers market persisted. What is a buyer’s market, you ask? That is when there are high inventory levels with low prices. This kind of market gives buyers the advantage because they have more to choose from at a lower price.
The detached home sector was…
802 Views, 0 Comments