The 1,720 sales in September were not high enough to offset the 3,782 new listings coming onto the market, driving further inventory gains as we move into the fall. There were 6,916 units in inventory in September, 36% higher than last year and over 17% higher than levels traditionally reported in September. Both row and apartment style homes have reported the largest boost in supply compared to long-term trends.
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Calgary Market Insider July 2024
Sales in June reached 2,738, marking a 13% decline from last year’s record high. Although sales improved for homes priced above $700,000, it was not enough to offset the declines reported in the lower price ranges. Despite the easing in June sales, they remain over 17% higher than long-term trends.
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