Calgary Real Estate Market Report
Sales Fall while Prices Rise
While July sales in Calgary slowed for the first time this year, prices for most property segments have stabilized.
Price increases in the detached and attached segments are the main movers in the Calgary market, with only the apartment (condo) sector showing year over year price declines. High listing inventory levels in the condo sector continue to put downward pressure on prices throughout the city.
Detached homes, which represent 63% of Calgary's MLS® sales, are in balanced market with 3.1 months of listings. This compares to the 7.1 months of inventory the apartment segment now has, which is higher than a year ago. Buyers are firmly in control of the Calgary…