The Calgary resale housing market appears to have rebounded after a very sluggish spring with MLS sales in July on the rise.
Preliminary data for the month of July indicates sales have increased from year-ago levels while prices too have moved upward.
According to the Calgary Real Estate Board website, MLS sales of 1,721 up to and including July 30, are up 9.83 per cent compared to the same period last year.
The median sale price of $420,000 has risen by 0.96 per cent year-over-year while the average MLS sale price of $463,827 is up by 2.28 per cent.
New listings of 2,867 for the month have increased by 9.39 per cent from a year ago but active listings are down by 11.20 per cent to 6,781.
It’s also taking less time to sell a home as the average number of days on the market has fallen to 50 from 58 days last year, which represents a decline of 13.79 per cent.