Posted: Jan 03, 2023 12:58 PM MT | Last Updated: 12 hours ago
The Calgary Real Estate Board says it capped the year with 29,672 sales, including 1,204 in December.The December decline in sales was not enough to offset gains made earlier in the year, when homes changed hands at a faster pace. However, the month was marked with higher prices. The board found the median home price rose five per cent from last year to $451,250, while the average price was up four per cent to $495,231 and the benchmark price climbed eight per cent to $518,800.The board's chief economist Ann-Marie Lurie says the region's inventory sat at 2,214 units available, making it the lowest level of inventory reported for December in more than a decade.
"Housing market conditions have changed significantly throughout the year, as sales activity slowed following steep rate gains throughout the later part of the year," she said in a news release. "However, Calgary continues to report activity that is better than levels seen before the pandemic and higher than long-term trends for the city. At the same time, we have faced persistently low inventory levels, which have prevented a more significant adjustment in home prices this year."
Hey R_Boissonnault it says here that the Median home price rose 5% from last year to $451,250. In case you were wondering HowMuch
Real Estate Boards may be slightly biased, are there other sources of sales/pricing data?
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