Calgary home sales fall in June but still above long-term trends: board
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Digital Subscription
One year of digital access for only $205*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*First annual payment billed as $205.00 + GST for one year. This annual subscription will automatically renew at $233.00 + GST every 52 weeks (10% off the regular annual price of $259.35). Offer available to new and qualified returning subscribers only. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 02/07/2024 (773 days ago), so information in it may no longer be current.
CALGARY – The Calgary Real Estate Board says June home sales fell 12.8 per cent from last year as 2,738 properties changed hands, driven by declines in lower-priced homes.
Despite the decrease in sales, the board says activity was still 17 per cent higher than long-term trends for the month.
The benchmark price across all home types was $608,000 for June — up 8.5 per cent from a year earlier and roughly 0.4 per cent higher than May.
New listings fell 3.6 per cent year-over-year to 3,798 and there were 3,787 units in inventory, 9.2 per cent higher than last year.
Ann-Marie Lurie, chief economist at CREB, says inventory in the lower price ranges of each property type continue to fall, “providing limited choices for potential purchasers looking for more affordable product.”
She also notes that Calgary continues to be a competitive market for some buyers, with more than 40 per cent of the homes sold in June selling over the listed price.
This report by The Canadian Press was first published July 2, 2024.