Calgary home sales decreased 0.8% in May due to limited lower-priced supply, but activity remained 34% above long-term trends.

Calgary home sales decreased by 0.8% in May as lower-priced options had limited supply. Despite this, activity was still 34% higher than long-term trends. New listings rose by 18.7% year-over-year, but most growth was seen in higher-priced properties, leading to increased sales for more expensive homes. The average time to sell a property was 19 days in May, down 20.2% from the previous year.

June 03, 2024
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