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