City of Calgary, July 4, 2017 – Calgary’s housing market in June saw a modest improvement in sales along with an increase in new listings.However, demand gains have not kept pace with the amount of new listings coming onto the market. This caused inventory levels to increase to 6,659 units, which is 11 per cent higher than last year’s levels. Despite the recent shift in inventory this month, second quarter activity continues to demonstrate improved supply-demand balance and price stability. City wide benchmark prices totaled $441,500 in June. This is a 0.5 per cent gain over last month and nearly one per cent higher than last year. For the full report click HERE. Please do not hesitate to contact Doug, Susan or Kristen here at Team Penley McNaughton with RE/MAX Central. We love what we do and have been selling real estate in Calgary and surrounding areas for over 40 years. If you would like an update on what is happening in the surrounding areas of Calgary as well let us know and we will send it to you!
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