Calgary’s housing market saw record home sales in July, recording 2,319 transactions.
The number was well above long-term averages and represents the best July on record, following a June that also saw a record number of homes changing hands.
As detailed in CREB®’s Q2 2021 Calgary & Region Quarterly Update Report, the Calgary housing market has been hitting record-high sales each month since March. This has helped create extremely tight conditions, especially in the detached sector, where benchmark home prices went from $492,000 in January to $539,900 in July.
Within Calgary, sales totalled 15,050 units through the first half of 2021, the highest levels seen in more than a decade.
Sales for the year are expected to exceed 24,000 units on an annual basis, which would make 2021 the best year since 2014.
In the greater Calgary region, Cochrane saw relatively strong July sales, contributing to another record setting pace so far this year.
Airdrie also saw another record month, with year-to-date sales totaling 1,510 units – just shy of the annual record high of 1,695 set in 2014. Elsewhere, sales in Okotoks also experienced improved sales relative to last year’s levels.
To view CREB®’s monthly housing market numbers, click here.
To read the full stats release on July's housing market, click here.