August CREB Stats

Total residential sales in August were relatively stable compared to last year. There were year-over-year gains in the detached and row home sectors, but there were declines in the apartment and semi-detached products. 

These numbers are encouraging, but don’t believe all the Real Estate news that you hear. CREB® chief economist Ann-Marie Lurie has said “Recent national reports have shown a bounce back to new record levels over the past several months. Calgary has seen improvements over the lows recorded during the lockdowns but is far from record levels”.

New listings are easing and is helping to chip away at existing inventory compared to the higher levels recorded last year. However, the pace of year-over-year decline has eased as inventory levels have trended up relative to levels recorded a few months ago.

If you would like more information about this report, or about Real Estate in the Calgary area please call me today!

Bruce Voigt – REALTOR

MaxWell Canyon Creek


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

A Website.

Up ↑

%d bloggers like this: