June 01, 2015 | CREBNow
Calgary housing prices change direction in May
For the first time since December 2014, Calgary's residential unadjusted benchmark prices improved over the previous month. Within the city of Calgary, housing prices totaled $454,100 in May, a monthly and year-over-year increase of 0.55 and 0.96 per cent.
"For the third month in the row, new listings have eased compared to last year, helping push the market toward more balanced conditions, despite the current environment of slower sales activity," said CREB® chief economist Ann-Marie Lurie. "This has helped prevent further declines in the unadjusted benchmark price."