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
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