NOVEMBER 2024 MARKET UPDATE
Posted on Nov 01, 2024 in Market Updates
Sales gains for homes priced above $600,000 offset declines at the lower end of the market, resulting in October sales that were similar to last year. The 2,174 sales in October increased over September and stood 24 percent above long-term trends for the month.
“Housing demand has stayed relatively strong in our market as we move into the fourth qua...
OCTOBER 2024 MARKET UPDATE
Posted on Oct 01, 2024 in Market Updates
Rising sales in the upper price ranges were not enough to offset the pullback occurring in the lower price ranges, as sales in September were 2,003, 17 percent below last year's record high. Despite the decline, sales this month were still over 16 percent higher than levels traditionally achieved in September.
“We are starting to see a rise in new l...
SEPTEMBER 2024 MARKET UPDATE
Posted on Sep 03, 2024 in Market Updates
Housing activity continues to move away from the extreme sellers’ market conditions experienced throughout the spring. Easing sales, combined with gains in supply, pushed the months of supply above two months in August, a level not seen since the end of 2022.
“As expected, rising new home construction and gains in new listings are starting to suppor...
AUGUST 2024 MARKET UPDATE
Posted on Aug 01, 2024 in Market Updates
With the busy spring market behind us, we are starting to see some shifts in supply levels. With 2,380 sales and 3,604 new listings, the sales-to-new listings ratio fell to 66 percent, supporting a gain in inventory. Inventories rose to 4,158 units, still 33 percent below what we typically see in July, but the first time they have pushed above 4,00...
CALGARY Q2 2024 MARKET UPDATE
Posted on Jul 22, 2024 in Market Updates
The...
JULY 2024 MARKET UPDATE
Posted on Jul 02, 2024 in Market Updates
Sales in June reached 2,738, a 13 percent decline from last year’s record high. Although sales improved for homes priced above $700,000, it was not enough to offset the declines reported in the lower price ranges. Despite the easing in June sales, they remain over 17 percent higher than long-term trends.
“The pullback in sales reflects supply challe...