There was a slight improvement in home sales in Calgary in June and prices were stable despite increased inventory.
Calgary Real Estate Board says that year-to-date sales of 10,332 were up 12 per cent from a year ago and detached home sales in June were up 13 per cent from June 2016.
City wide benchmark prices totaled $441,500, up 0.5 per cent month-over-month and 1 per cent year-over-year despite an 11 per cent annual jump in inventory to 6,659 units.
“The supply gain this month will be monitored. However, on a quarterly basis, inventory levels remain comparable to last year, sales have improved and there have been modest price gains. All of this remains consistent with expectations of a gradual recovery,” said CREB® chief economist Ann-Marie Lurie.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
More market watch: