Total sales of homes on the Calgary MLS System in June are closing the year-over-year gap that occurred in May.
To the end of May 2020, sales were down 44 percent from May 2019; as of June 16, 2020, the Calgary Real Estate Board’s website showed sales at 808 homes, compared to 957 sales to June 16, 2019, a 16 percent decrease.
In a month-to-month comparison, the average number of sales per day in June 2020 is 50 homes, compared to 35 sales per day last month, putting June on track to significantly surpass May’s total sales. The average sales price is also showing a month-over-month increase, from $438,804 in May to $462,421 up to June 16.
New listings to June 16 were down from the end of May this year, to 1,887 from 2,420.
Single-family homes sales were down 15 percent on June 16 this year compared to last June. Sales in this sector to the end of May were down 44 percent from May last year. On a June-to-June basis, the average sales price is holding relatively stable at $545,829 this year, up from the average sales price of $515,831 in May 2020.
In the attached homes sector, sales to the end of May 2020 were down 35 percent from May 2019. As of June 16, sales were down 15 percent from the same date last year. From May to June this year, the average sales price rose from $350,033 to $365,462.
Apartment sales as of June 16 this year were 18 percent behind the pace set to June 16 last year. In May, year-over-year sales in the sector were down 57 percent from May last year. The sector also showed an average price increase month to month, from $236,966 in May to $247,911 to June 16.
Copyright Postmedia Network Inc., 2020
