Calgary home sales ticked down in May amid limited supply of lower-priced options
The Calgary Real Estate Board says May home sales fell 0.8 per cent from last year as 3,092 properties changed hands, driven by declines in lower-priced detached and semi-detached homes.
Despite the downtick in sales, the board says activity was still 34 per cent higher than long-term trends for the month.
The benchmark price across all home types was $605,300 for May – up 9.5 per cent from a year earlier and nearly one per cent higher than April.
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