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September 2015

Found 1 blog entry for September 2015.

September 2015 - Calgary’s real estate residential resale housing market recorded further easing in absorption rates in August due to weaker sales activity. Sales in the city declined by 27 per cent to 1,643 units last month relative to the same time last year and 12 per cent below 10-year averages. Persistent weakness in the energy sector weighed on sales activity this month, which once again retracted to levels well below the norm for the city.

Residential unadjusted sales-to- new-listings ratio eased from 67 per cent in July to 60 per cent in August, contributing to a monthly rise in inventory levels to 5,146 units of Calgary homes for sale. Combined with weaker sales activity, months of supply pushed up to 3.13 months. While every price range

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Re/Max, CREB Certified Condominium Specialist