City of Calgary – Monthly Housing Statistics
After two month of elevated sales we are seeing a return to more normal levels. The higher sales were likely due to the pent-up demand because of the virtual closure of the market in the spring. Sales on a year to date basis are lagging this time last year by 13%. The Home Price Index (HPI) is off by about 1.5% year over year (y/y).
As these figures are broken down into month by month and especially by style of property and region of the city large differences emerge.
For example: HPI for detached property in the south is up by 3.3%, and down by 3.6% in the city center; overall detached prices are up by 0.9% y/y.
For more information and analysis of property sales and how it might impact your plans please call me.