Wondering what is really happening right now with Calgary's home prices?
Inventory levels rise in August despite weaker absorption rates, benchmark prices remained relatively stable. The residential sales to new listings ratio ease from 67% in July to 60% in August contributing to a monthly rise in inventory levels to 5,146 units. With weaker sales activity, months of supply increased to 3.13 months.
The detached benchmark price for August is $516,000 no change year-over-year. The apartment benchmark price is $294,100 a decrease of 1.44% and the attached benchmark price is $356,700 up 0.48%. Overall sales for the month totaled 1,643 units, compared with 2,250 during the same period last year.
Call Jeff Campbell 403-275-3331