The Calgary real estate market is starting to level out after a long period of negative news and slow sales. With the price of oil stabilizing at around the $50 per barrel level, hopefully the worst of the downturn is behind us.
In the Single family home market, there were 1,283 houses sold in the month of June, which is a decrease of only 3.6% when compared to June of 2015. The average price of $558,213 was down slightly by .7% compared to May, but up slightly compared to last June. There were 2,923 active listings and 1,749 new listings came on the market in June, and it took an average of 41 days to sell a house.
On the condo side, it took an average of 59 days to sell and there were 311 condos sold. This is a 22.06% decrease in sales compared to June of 2015. The average sale price of $310,497 ws down by .6% compared to May, and by 3.65% compared to last June. There were 1,541 active listings and a total fo 607 new listings added to the market in June.
For a more comprehensive look at the local Calgary housing stats, have a look at the Calgary real estate board website
Here is a graphical explanation of the statistics
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