Summer Sales Sizzling Hot
In keeping with the warm temperatures, housing sales in Calgary continued on a hot, record breaking streak in July. Sales volumes reached an all time high for the month with 2647 properties sold. For the seventh month in a row, prices increased with the benchmark price for a detached home reaching $690,500, an increase of 7% compared to July 2022. Listing supply remains extremely limited, near the record low set in July 2006. There is 1.3 months of listing supply and average days on market is 26. Market conditions continue to favour sellers.