Calgary home sales decrease 3.8 per cent in September, prices also down: board

Calgary witnessed a 3.8 percent decrease in home sales in September compared to the same period last year, with prices also declining, according to the Calgary Real Estate Board. The board reported that 1,650 homes were sold in September, marking a 11.3 percent drop in new listings from the previous year. The residential benchmark price fell 0.8 percent to $566,700, with apartment-style homes declining by 8.3 percent to $291,400 and row-style properties decreasing by 5.5 percent to $412,400.

Detached homes saw a 1 percent decrease to $739,400, while semi-detached homes remained relatively stable, up 0.1 percent to $685,200. The board's chief economist, Ann-Marie Lurie, noted that while housing demand remained strong due to a robust job market and slight, positive net migration, high-density supply additions to the market have had a more significant impact on prices for these homes.