The Calgary Real Estate Board says September home sales tumbled 17.6 percent from last year’s record levels to 2,003, but remained around 16 percent higher than long-term trends for the month.
The board says the benchmark price across all home types was $596,900 for September, slightly lower than the previous month but 5.5 percent higher than September 2023.
There were 3,687 new listings on the market last month, the highest September total since 2008 and 15.5 percent more than a year earlier.
Ann-Marie Lurie, chief economist at CREB, says most of the listings growth was driven by new homes for sale in higher price ranges, while limited choice for lower-priced homes has likely prevented stronger sales in the Calgary market….