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Market Update June 2017

Posted by Jeff Campbell on Thursday, July 6th, 2017 at 12:16pm.

June Spells a Gradual Recovery!

Calgary's housing market in June saw a modest improvement in sales. Some of the recent growth in listings will help provide more choice, particularly in the detached market where market conditions have significantly tightened over the past few months. Sales have improved and there has been a modest price gain. All of this remains consistent with expectations of a gradual recovery.

The detached benchmark price for June is $509,400 an increase of 1.70% year-over-year. The apartment benchmark price is $265,800 a decrease of 3.52% and the attached benchmark price is $334,500 an increase of 1.09%. Overall sales for the month totaled 2,140 units, compared with 2,029 during the same period last year.

The City of Calgary home market has 3.11 months of inventory and the sales to new listings are at 54.33%, meaning 45.67% of homes are not selling. The sale price to list price ratio is 97.51% and 41 days on market.

 

Make sure to ask us about the results we achieve for our clients!

For the complete Calgary June 2017 CREB® report,  Click Here

For the complete Regional June 2017 CREB® report,  Click Here

Call Jeff Campbell 403-275-3331

Email Jeff@JeffCampbellTeam.com

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