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JUNE 2024 CALGARY AND REGION REAL ESTATE MARKET REPORTS

JUNE 2024 CALGARY AND REGION REAL ESTATE MARKET REPORTS
Sales in June reached 2,738, a 13% decline from last year's record high. While sales improved for homes priced above $700,000, declines in lower price ranges offset these gains. Despite the drop, sales remain over 17% higher than long-term trends.
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Ann-Marie Lurie, Chief Economist at CREB®. “Inventory in lower price ranges continues to fall, limiting choices for affordable homes. It remains competitive, with over 40% of homes selling above list price.”
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Inventory improved over last year, especially in higher price ranges, but remains 40% below long-term trends, still favoring sellers. Tight conditions led to further price gains, with the benchmark price rising to $608,000, nearly 9% higher than last year. Prices increased across all districts, with the most significant gains in the North East and East districts.
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*data sourced from the CREB (Calgary Real Estate Board) monthly stats

June 2024 CREB Calgary Real Estate Full Report

June 2024 CREB Calgary REGION Real Estate Full Report

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.