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HomeUncategorizedCalgary Real Estate Market Sees Nearly 23% Surge in February Home Sales,...

Calgary Real Estate Market Sees Nearly 23% Surge in February Home Sales, Prices on the Rise.

Calgary Real Estate

The Calgary Real Estate Board (CREB) reports that February house sales jumped 23% over previous year due to more listings.

The board reports 2,135 units sold and $1.25 billion in dollar sales, up 41.3 percent.

Inventory dropped just over 14% from last year, but new listings rose 13.6% to 2,711.

CREB head economist Ann-Marie Lurie says robust demand and inadequate supply are driving city price hikes.

The monthly benchmark price for all property types was $585,000, up 10% from a year earlier.

February property listings averaged 24 days, down 27% from previous year.

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