Housing sales down, new listings on the rise in Calgary

Real estate sales in Calgary decreased by 19.5% year-over-year in August, with 2,186 sales recorded, while new listings rose by 13% to 3,536. The market is shifting from a seller's market due to increased new home construction and listings, although supply remains low for lower-priced properties. The benchmark home price increased to $601,800, up 6.3% year-over-year, with notable price rises across all housing types. The market currently has 2.05 months of supply, a 70.6% increase from last year.