The real estate market continues to feel the effects of the economic downturn.
With job losses mounting along with declining net migration, the Calgary Real Estate Board says July home sales were down 12.6-percent from the same time a year ago.
That marks the 20th-straight month of year-over-year sales declines.
The average home price stayed relatively stagnant at $440,000, while the average condo sold for about $277,000.
Forecasters say buyers are expecting further declines while sellers are adjusting to softer demand with price decreases.