10% drop in July home sales in Calgary, while benchmark price increased by 8% to $606,700.
Calgary Real Estate Board reports a 10% drop in July home sales compared to last year, with 2,380 properties sold. Despite the decline, the benchmark price increased by 8% to $606,700, with the highest supply growth observed in homes priced over $600,000, shifting the market away from the extreme seller's market in the spring. Inventory levels reached 4,000 units in July, up from nearly two years, but still 33% below typical levels.
August 01, 2024
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