Calgary Real Estate Statistics for June 2020
Amidst COVID-19 pandemic sales decline by two percent from last year
Following the three months of COVID-19 weighing profoundly on the housing market, June sales activity shows an increase over the previous month, totalling 1,747 units.
Caution continues, as monthly sales are almost two percent less than the activity reported last year. Yet this represents a notable improvement in comparison to the past several months, where declines year-over-year surpassed 40 percent.
“Recent price declines, easing mortgage rates and early easing of social restrictions are likely contributing to the better-than-expected sales this month,” said CREB® chief economist Ann-Marie Lurie.
“However, the market remains far from normal. Challenges, such as double-digit unemployment rates, will continue to weigh on the market for months to come.”
Total of 3,335 new listings in June, which was a six percent...