Calgary home sales are still on pace for the highest August total since 2005 and the second highest on record for the month.
Month-to-date, 1462 properties have sold which is a 32.4% increase from last year.
Inventory is down -24.57% from this time last August but thankfully more sellers are appearing as new listings are up 11.67%. Still, that’s not enough to increase housing stock as inventory is down nearly -6% from just a month ago.
The overall median price is up 5.5% while the average is up 10%. While prices are up across all 3 housing categories, most of the gains can be attributed to single family home segment.
If you have any questions or are interested in having me represent you in buying or selling a home, please feel free to contact me.