July 2019 Market Update

〰️For the fourth consecutive month, inventories in the market declined compared to last year. This is due to the combination of improving sales and a decline in new listings.

〰️Year-to-date sales activity remains just below last year’s levels and well below longer-term averages. However, the reduction in inventory has caused the months of supply in July to ease to 4.5 months, a significant improvement from the 5.5 months recorded last year. ⁠

〰️ Detached Homes // Sales activity in July was slightly higher than last year’s levels, but it was not enough to offset earlier declines, as year-to-date sales remain just below last year’s levels. Despite overall declines, trends vary significantly by price range. Year-to-date sales for product priced below $500,000 have improved by 11% compared to last year, while sales over $500,000 have declined by nearly 16%⁠

〰️ Apartments // Despite improvement in July, year-to-date sales for apartment condominiums eased by over four per cent and remain well⁠ below longer-term averages.⁠

〰️ Attached // The attached sector is the only sector with recorded growth in year-to-date sales, up nearly 4%. The affordable nature of this product, relative to detached, has likely supported some of these gains. ⁠

Questions? I'm here to help! 🙋🏼‍♀️




📱: 403.620.9245

✉️: smollerson@charlesrealestate.ca⁣

#yyc #yycre #realestate#yycrealestate #realtor#realtorlife #calgary #alberta#yycnow #shareyyc #yycliving#calgarybuzz #sharecalgary#yyctoday #realestateagent#charlesrealestate #smarierealtor#statsyyc #realestatestats#yycrealtor #yycagentbranding#yycrealestatemarket#decemberstatsyyc#yycmarketstats #smarierealty#soldinstyle #buyersmarket#buyingyyc #homebuying#homeshopping

© 2020 by Samantha Mollerson

Charles Real Estate Inc.

  • Black Instagram Icon
  • Black Pinterest Icon
  • Black Facebook Icon
  • Black LinkedIn Icon