CALGARY– The Calgary Real Estate Board claims October house gross sales have been primarily stage in comparison with in 2015’s levels, nonetheless continued to be round one-quarter greater than lasting fads for the month.
The board claims 2,174 properties altered arms final month, which was 0.2 p.c greater than October 2023, as gross sales beneficial properties for properties valued over $600,000 countered decreases on the lowered finish of {the marketplace}. On a month-over-month foundation, house gross sales have been up 8.6 p.c from September levels.
The benchmark fee all through all house varieties was $592,500 for October, round 0.7 p.c lower than the earlier month nonetheless 4.5 p.c greater than October 2023.
There have been 3,264 brand-new listings on {the marketplace} final month, 21.6 p.c higher than a 12 months beforehand.
Ann-Marie Lurie, main financial knowledgeable at CREB, claims actual property want has truly remained fairly strong within the market, nonetheless there most probably would have been much more activity if much more provide choices existed for lower-priced properties.
The board claims October inventory levels stood at 4,966 techniques, a 55 p.c acquire from in 2015 as nearly fifty p.c of that was valued over $600,000.
This document by The Canadian Press was preliminary releasedNov 1, 2024.
The Canadian Press
