The Calgary Real Estate Market Remains Steady
August 26th, 2008 by Glenn Good
Calgary’s MLS market remains steady with a slight increase in metro single family and condominium sales over May, which could indicate that more homes are being priced to fit the current market conditions.
Single family Calgary metro sales for the month of June came in at 1,439, showing an increase of 5.2% from last months sales of 1,368. Condo sales for June were at 556, showing a small decrease of 3.6% over the 577 condos changing hands in May 2008.
“Month end inventory has decreased and sales have increased over the last month, which tells me that the sellers are pricing their homes with today’s market in mind”, remarked CREB President Ed Jensen.
The average price of a single family Calgary metro home in June 2008 was $473,774, showing a decrease of 4.7& from June 2007. The average price of a Calgary metro condo was $315,042, showing a 2.5% decrease from June 2007.
(Source: Calgary Real Estate Board)
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