Except translation, this story has not been edited by achinews staff and is published from a syndicated feed.
The Calgary Real Estate Board says September home sales fell 17.6 per cent from last year’s record levels to 2,003, but remained about 16 per cent above the month’s long-term trends.
The board says the benchmark price across all home types was $596,900 for September, slightly lower than the previous month but 5.5 percent higher than September 2023.
There were 3,687 new listings on the market last month, the highest September total since 2008 and 15.5 per cent more than a year earlier.
Ann-Marie Lurie, chief economist at CREB, says most of the inventory growth has been driven by new homes for sale in higher price ranges, while limited choice for lower-priced homes is likely to prevent stronger sales in Calgary market.
The board says September inventory levels reached 5,064 units, an increase of 49.7 percent from last year but below the 6,000 units normally available in September.
The board says rising inventory levels and declining sales continue to move the Calgary market toward more balanced conditions, which are still skewed in favor of the seller.
& copy 2024 The Canadian Press
(Except translation, this story has not been edited by achinews staff and is published from a syndicated feed.)
source link https://globalnews.ca/news/10788276/calgary-september-2024-home-sales/
