September a tough month in Calgary’s resale market
The resales housing market had another tough month in all sectors in September. Here is the Calgary Real Estate Board’s overview of the market.
n Year-to-date sales were 7,945 units, more than 20 percent below the 10-year average. Sales were down in all price ranges, except properties under $300,000, which posted a modest gain.
n Inventories are higher than long-term averages in most districts.
n Months of supply rose to 5.5 months and continue to put pressure on prices. The benchmark price was $493,100, 0.8 percent down from August and three percent below 2017.
n Prices trended down in most districts, however, on a year-to-date basis, benchmark prices remain above last year in the City Centre and West districts.