Courtesy of Cam DeLuca

Supply trends up, but market still favours the seller

AVERAGE SALE PRICES

$583,587 detached UP 8.12% year-to-year

$257,438 condo

DOWN 2.62% year-to-year

City of Calgary, July 2, 2021 – Calgary ’s housing market is showing few signs of letting up, as sales reached 2,915 units in June – a record high for the month. “It is taking time for supply to catch up with the demand in the market,” said CREB® chief economist Ann-Marie Lurie. “Through the early spring market, many buyers did not have a lot of choice, but the recent improvements in supply are providing more options for those purchasers and supporting the strong sales we continue to see in June. At the same time, gains in inventory are taking some pressure off the market as it starts to trend towards more balanced conditions.” As the market moves toward more balanced conditions, we are also starting to see the pace of price growth slow. The benchmark home price continued to trend up in June, but the monthly gain slowed to less than one per cent. While the pace of growth is slowing, as of June, the benchmark price was 11 per cent higher than levels recorded last year. - Source: CREB ®

4,135 6,918

NEW LISTINGS

ACTIVE LISTINGS (residential inventory)

SOLD LISTINGS 2,915

2,393

DAYS ON MARKET

70%

34

748

Stats are reflective of June 2021 Source: CREB

Market values stated are of the average of Calgary and surrounding region. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to- date evaluation of your home.

single family detached NEW LISTINGS condo

Cam Deluca BBA, REALTOR ® C: 403.605.5593

camdelucayyc@gmail.com www.CamDelucaYYC.com

CALL ME AT 403.605.5593 FOR ALL YOUR REAL ESTATE NEEDS.

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