House prices up in May

House prices up in May by Kayla Butler Posted Jun 1, 2015 2:55 pm MDT Here’s a surprise in light of the province’s economic woes: home sale prices in Calgary actually increased in the month of May.According to the Calgary Real Estate Board, the average house price moved up by just over half-a-percent from April, and nearly one full percent, year over year.CREB Chief Economist Anne Marie Lurie tells 660News the amount of new listings in May was unusually low.“They’re down over last year by about 30 per cent. They are below long term averanged just for the month of May we are about 18 per cent below the 5 year average, 20 per cent below our 20 year average.”However, Lurie add the with existing inventory the real estate market in Calgary is balanced.The average selling price in May was $454-thousand, with the majority of single family detached homes selling for less than half-a-million dollars. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email read more

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