Calgary housing market keeps cooling in September

Total sales dropped to 1,901 units for the month, down from 2,135 in August and 2,157 in September last year, according to figures released Monday by the Calgary Real Estate Board . Sales peaked in March at more than 4,000 units and, due to that strength early in 2022, year-to-date sales remain 15 per cent higher than at this point in 2021.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.

“While demand is easing, especially for higher priced detached and semi-detached products, purchasers are still active in the affordable segments of the market, cushioning much of the impact on sales,” CREB’s chief economist Ann-Marie Lurie said in the report.Article content “At the same time, we are seeing new listings ease, preventing the market from becoming oversupplied and supporting more balanced conditions.”

Sales of detached homes in the $600,000 to $999,9999 price range continued to trend above last year’s levels. This higher price range group reported the largest growth in new listings and supply levels.

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Calgary housing market keeps cooling in SeptemberSales and new listings were down for the sixth straight month and benchmark prices dipped slightly from August. Find out more.
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