top of page

Calgary home sales tick down in May amid limited supply of lower-priced options



Calgary's housing market saw a slight decline in home sales in May, with a 0.8% decrease from last year, according to the Calgary Real Estate Board. A total of 3,092 properties were sold, largely impacted by fewer sales in the lower-priced detached and semi-detached categories.


Despite the overall drop, sales activity was still 34% higher than the long-term average for May. The benchmark price for all home types rose to $605,300, a 9.5% increase from the previous year.


New listings increased by 18.7% year-over-year, totaling 4,333, but many were in higher price ranges. This trend led to growth in sales of more expensive homes. The number of active listings rose by 5.9% to 3,402 units.


Ann-Marie Lurie, chief economist at CREB, noted that while there are more new listings, the availability of lower-priced homes remains limited. This has contributed to higher sales figures for costlier properties.


On average, homes were on the market for 19 days before selling, a 20.2% decrease from last year, indicating a faster-moving market despite the dip in sales.


1 view

Comments


service.png
  • Instagram
  • Facebook
  • Twitter
  • LinkedIn
  • YouTube
  • TikTok
Email Support Photos_Square.png
bottom of page