CALGARY — The Calgary Actual Property Board (CREB) says February dwelling gross sales had been up practically 23 per cent from final 12 months as new listings rose.
The board says gross sales totalled 2,135 items, whereas the quantity of gross sales in {dollars} rose 41.3 per cent to $1.25 billion.
New listings had been up 13.6 per cent to 2,711, whereas stock was down simply over 14 per cent from final 12 months.
Ann-Marie Lurie, chief economist at CREB, says robust demand and low provide are persevering with to drive worth good points within the metropolis.
The benchmark worth throughout all dwelling varieties was $585,000 for the month, up greater than 10 per cent from a 12 months earlier.
Properties had been available on the market for a mean of 24 days earlier than promoting in February, down virtually 27 per cent from final 12 months.
This report by The Canadian Press was first printed March 1, 2024.
The Canadian Press
