Home prices are continuing to drop throughout Canada but according to new stats, even more so here in Calgary. Recently released numbers from the Calgary Real Estate Board (CREB) revealed that the median selling price for a detached home so far in 2019 landed at $456,374, which represents a 7.3% decline, or more than $36,000, compared to last year at this time.
It’s also mentioned that detached homes isn’t the only housing category where year-to-date prices have dropped.
In fact, attached homes are 2.4% lower so far in 2019, and apartment-style condo prices have also dropped by around 6.1% compared with the first 10 weeks of last year.
Despite falling prices, sales have also been slow to kick-off the year. So far, just 2,252 homes have traded, representing a not-so-good 10.9% decline from early 2018.