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September 2012

Found 1 blog entry for September 2012.

Calgary, September 2012 – Following several months of higher than expected sales growth, Calgary residential sales in August totaled 1,725 units, a 10-per-cent increase over last year. While the sales growth remains strong, it is slower than previous five months in part due to the lack of new listings in the City’s single family market. With fewer products to choose from, many consumers are holding off on transacting or turning to surrounding towns, the new home market and condominiums.

New listings within the City of Calgary total 2,585 units in August, down 13 per cent from one year ago and down more than four per cent on a year-to-date basis. Meanwhile, new listings in the surrounding towns have improved by nearly 10 per cent after the first eight

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Re/Max, CREB Certified Condominium Specialist