cheap canada goose https://www.canadagooseoutletss.com The Calgary Real Estate Board released its data for February this week, showing sales grew by about 23 per cent from the same month the previous year.”It’s pretty strong improvement, but it’s more representative of how weak (February) last year was, which was one of the weakest (months) since the late ’90s,” says Ann Marie Lurie, CREB’s chief economist.Almost 1,200 homes sold in February. While far below pre recession 2014, when the market saw roughly 1,800 sales, the levels this February were strong enough to offset the 14 per cent rise in new listings.”So inventories were still going down,” Lurie adds.Inventories were down almost seven per cent, year over year, moving the market more toward balance, she says.Still the sales to new listings ratio an indicator of the balance between buyers and sellers remained below 50 per cent.Article content continuedA number between 50 and 60 per cent is considered a balanced market.Another sign of persisting buyer conditions was the continued decline in the benchmark price. This metric, which eliminates the highest and lowest priced homes sold on the market, fell 0.79 per cent last month, compared with February 2019, to $416,900.”We are still seeing lower prices, which is consistent with the fact we’re still oversupplied,” Lurie says.Sales growth was lowest in the single detached homes segment, still up 16.3 per cent.
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