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Year-to-date detached sales have declined by three per cent compared to last year, said CREB®. CREB®Now file photo

November sales slide into old patterns

Dec. 01, 2016 | CREBNow


Stories Tagged - Monthly Housing Summary

CREB®Now Archive

Dec. 01, 2015 | CREBNow

Housing market conditions favour buyers: CREB®

Weak sales activity relative to inventory places downward pressure on prices

Persistently high inventory levels within Calgary's residential resale housing market, combined with weak sales activity, contributed to buyers' conditions in November, according to CREB®'s monthly housing summary, released Tuesday.

Monthly sales totaled 1,263 units, a 28 per cent decline from last year and nearly 20 per cent below the 10-year average.

Meanwhile, the amount of new listings in the market increased by five per cent over last November, and moved five per cent above 10-year average.

Sept. 01, 2015 | CREBNow

Inventory levels rise

August sales activity falls below long-term averages

Calgary's residential resale housing market recorded further easing in absorption rates in August due to weaker sales activity.

Sales in the city declined by 27 per cent to 1,643 units last month relative to the same time last year and 12 per cent below 10-year averages.

"Persistent weakness in the energy sector weighed on sales activity this month, which once again retracted to levels well below the norm for the city," said CREB® chief economist Ann-Marie Lurie.

July 02, 2015 | CREBNow

June sales consistent with typical levels

Calgary inventory levels ease

Despite the 18 per cent year-over-year decline in June home sales, for a total of 2,183 units, transaction levels remain only five per cent below the 10 year average for June and three per cent above levels over the past five years.

"We've seen less concern from consumers lately," said CREB® president Corinne Lyall. "One of the main reasons is that we haven't seen the worst case scenarios play out in the energy and housing sectors.

"Consumers who were waiting for wide-spread price declines have been surprised to see that it just hasn't happened yet, and so they've decided to take advantage of the improved selection and lower lending rates.

Sept. 06, 2013 | Cody Stuart

An Opportunity to Upgrade

For a seller's market, Calgary is certainly seeing it's fair share of new buyers.

Following a month that saw MLS® sales in the city increase by 17 per cent from the previous year, August saw 2,196 sales in the city, an increase of 27.5 per cent in comparison to the same month in 2012.

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