Home sales down, listings up in Calgary
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Home sales down, listings up in Calgary

pixabay.com

When it comes to new home sales, Calgary is generally considered to be a buyer’s market.

Despite that, prices for a two-story home are up by about 3.2 percent over the past year.

The average listing is about $529,000.

Corrine Lyall with Royal LePage said there are a lot more listings compared to a year ago.

“There’s definitely some really great choice for buyers, especially with the larger amount of inventory we have this year compared to last year. I think we’re almost 30 percent more in term of new listings on the market,” she said.

Lyall says because there are more choices, many first-time buyers are skipping entry-level homes and purchasing higher-end houses.