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August 2014

Found 1 blog entry for August 2014.

Growth in new listings outpace sales growth in July, supporting double-digit inventory gains.

Calgary, August  2014 – Residential sales this month totaled 2,336 units, a record level for July activity. However, year-over-year sales growth slowed to 3.18 per cent. July’s sales growth seems like a dramatic departure from the double-digit gains recorded in the first half of this year, it is in comparison to exceptionally strong sales during the same period last year.

July sales this year are nearly 19 per cent above long-term averages for the month. New listings in July totaled 3,219 units, an 18 per cent increase over the previous year. The rise outpaced sales growth during the month, pushing inventory to 4,659 units, nearly 14 per cent higher than July

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Re/Max, CREB Certified Condominium Specialist