June 2012 Calgary market statistics indicate a trending towards long-term stability.
Posted by Marnie Campbell on
For the first half of 2012, residential sales in the Calgary market increased 16 percent over the same period last year. With a slight decrease in inventory and more normal levels of sales activity the Calgary market is headed towards a balanced market.
The healthy market has been helped along by the low interest rates and migration of new residents moving to Calgary. The city’s 2012 civic census indicated Calgary had 29,289 new residents over the past year.
 According to the Calgary Real Estate Board, MLS residential sales in Calgary increased by 12.12 percent in June from a year ago and the average sale price increased by 3.61 percent to $441,418. The number of days on the market had a significant change, dropping from 5 days to sell in June 2011…
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