Calgary real estate market update – Housing recovery remains a work-in-progres

Market sees modest inventory gains, but overall prices inch up Jul. 2017. City of Calgary, August 1, 2017 – Sales exhibited stable growth through the first half of the year in the Calgary housing market, but the number of transactions slowed slightly in July compared to last year. City-wide sales totaled 1,637 units, six per cent below July 2016 levels. Year-todate sales activity totaled 11,957 units, nine per cent above last year. “Sales growth exceeded expectations so far this year. Clients were re-entering the market after delaying decisions until there were some signs of economic improvement,” said CREB® president David P. Brown. “However, this recovery will require patience. There continues to be many new and resale ownership options available. This reduces the sense of the urgency for many consumers.” … For the full report CLICK HERE. Please do not hesitate to Contact Doug, Susan or Kristen with any questions. We are a family team with RE/MAX serving Calgary for over 40 years! We love what we do! www.penleymcnaughton.com