Posts Tagged ‘Calgary Condo Market’

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Calgary Real Estate market Snapshot for Sept 1, 2026

Tuesday, September 1st, 2026

What is really happening in the Calgary Real Estate Market?

The following graph shows the months of inventory for each housing sector. Looking at a one-year trendline gives you an indication of where things are really heading.

 

 

 

Gord’s commentary for the month (just my opinion).

August Highlights

  • Apartment Condo Segment continues to soften.
  • Both sales and listing inventory declined
  • Sales in the $1,000,000 recorded gains over last year

Calgary Listing Inventory

Inventory declined over all sectors but only by 117 listings or 1.77% – a normal occurrence for this time of year.

Calgary Sales

Sales over all sectors declined by 244 sales or 12.82% Over half of that was in the detached sector along with the Apartment Condo sector.

Sales Compared to 2025: 

As you can see sales in 2026 compared to 2025 are lower by 16.4%. This is a little larger number than last month but consistent for the year. Bottom line is Sales have slowed compared to 2025.  Why you ask, as usual there can be many reasons but the one that is having the largest effect is the unpredictable political environment – yes, the USA.

 

  March  April   May   June July August
2025 2156 2230 2559 2284 2096 1986
2026 1881 2104 2162 2197 1904 1660
Change -275 -126 -397 -87 -192 -326
% Change -12.8 -9.4 -18.4% -3.8% -9.1% -16.4%

 

Calgary Real Estate Benchmark Sales Prices:

The overall Benchmark price decreased by only $600. The attached row and Apartment Condo sectors took most of the decreases of $3300 and $2,200, respectively.

Current Months of Inventory (Absorption Rate): 

The overall months of Inventory increased by .44 which is a sizable increase.  Looking at above the inventory decreased by only 1.7% while sales decreased by 12.82%. Of special note here the Apartment condominium sector increased by .78 (see graph at the top) a big jump.

My Prediction for what is ahead:

From here to the end of the year, we will see a decrease in the number of listings and a decrease in sales. This is a trend that happens every year as the summer progresses into fall and winter. The Market is very likely to remain divided where Detached and Semi-detached homes remaining stable, and Apartment Condos and Townhouses will still struggle in a buyer’s market position.

 

* All numbers vary by community and price ranges, if you would like stats specifically for your neighbourhood, please contact us.

*Below is a summary of numbers in chart form. All numbers are taken from the Calgary Real Estate Boards monthly Stats package.

Summary of the Calgary Real Estate Board Realtors Stats

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Calgary Real Estate Market snapshot as of August 1, 2026

Wednesday, August 5th, 2026

What is really happening in the Calgary Real Estate Market?

The following graph shows the months of inventory for each housing sector. Looking at a one-year trendline gives you an indication of where things are really heading.

Graph shows the months of inventory for all sectors in the Calgary Real Estate Market

Graph shows the months of inventory for all sectors in the Calgary Real Estate Market

Gord’s commentary for the month (just my opinion).

June Highlights

  • Inventory down by 2.54%
  • Sales down by 13.34%
  • With Sales down substantially more than inventory our Months of Inventory has increased.
  • Detached and semi-detached homes are still doing well
  • Apartment Condos and Townhouses are still struggling

 

Calgary Listing Inventory

Every sector saw a slight decrease in inventory during the month of July.  The overall decrease was only 173 less sales or 2.54% Decreasing Inventory is very normal for this time of year.

 Calgary Sales

Sales also declined in all Sectors in July. The lowest decline was in the Apartment Condo sector at 3.55% – every other category decline was in the 15% range.  Overall decline was 13.34%

 

Sales Compared to 2025: 

As you can see sales in 2026 compared to 2025 are lower by 9.1%.  This seems to be on track with every other month this year so not a sign of anything concerning at this stage.  I also look at May being high at 18.4% and June being only 3.8% These 2 months balance out to similar numbers as the previous 4 months.

  Feb March  April   May   June July
2025 1718 2156 2230 2559 2284 2096
2026 1526 1881 2104 2162 2197 1904
Change -192 -275 -126 -397 -87 -192
% Change 11.1% -12.8 -9.4 -18.4% -3.8% -9.1%

 

Calgary Real Estate Benchmark Sales Prices:

The overall Benchmark price decreased by $3300.  The largest decrease was in the detached sector and that is the sector that has seen the highest increases earlier this year.  This tells me the detached market is stabilizing.  What is good news for Apartment Condo owners is that Apartment Condos saw the lowest decrease (only $1400) which is the first time in a while where condos have been lower than other categories.

 

Current Months of Inventory (Absorption Rate): 

The overall months of Inventory increased by .39 which is a sizable increase.  Again, some good news for Apartment Condo owners as this was the only Sector where the months of inventory decreased (only by .01)

 

My Prediction for what is ahead:

From here to the end of the year, we will see a decrease in the number of listings and a decrease in sales. This is a trend that happens every year as the summer progresses. The Market is very likely to remain divided where Detached and Semi-detached homes are stable, and Apartment Condos and Townhouses will still struggle in a buyer’s market position.

 

 

* All numbers vary by community and price ranges, if you would like stats specifically for your neighbourhood, please contact us.

 

*Below is a summary of numbers in chart form. All numbers are taken from the Calgary Real Estate Boards monthly Stats package.

Summary of the Calgary Real Estate Board Realtors Stats

Summary of the Calgary Real Estate Board Realtors Stats

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Calgary Housing Market – May 1, 2026

Friday, May 1st, 2026

What is really happening in the Calgary Real Estate Market?

The following graph shows the months of inventory for each housing sector. Looking at a one-year trendline gives you an indication of where things are really heading.  As you can see the state of the market did not change much during April.

Graph shows the months of inventory for all sectors in the Calgary Real Estate Market

Graph shows the months of inventory for all sectors in the Calgary Real Estate Market

Gord’s commentary for the month (just my opinion).

April Highlights

  • Sales and inventory both increased at the same rate
  • Pricing overall increased but not substantially
  • Months of Inventory remained constant.
  • Not too much excitement in these numbers and that okay.

 

Calgary Listing Inventory

All sectors saw an increase in Inventory which is normal for this time of year.  Increases ranged from 9.27% to 13.16%.  We can anticipate this number to continue to increase until June.

 

Calgary Sales

Calgary overall sales increased by 11.86% in April. We can expect this trend to continue until June. All sectors saw an increase, and they ranged from 10.88% to 12.5%.

 

Sales Compared to 2025: 

As you can see sales in 2026 compared to 2025 are lower. Seems the difference is getting smaller every month.  As mentioned before these sales levels are still above the long-term average so nothing concerning here.

  November  December January February March  April   
2025 1793 1318 1449 1718 2156 2230
2026 1553 1126 1234 1526 1881 2104
Change -240 -192 -215 -192 -275 -126
% Change -13.4% -14.5% -14.9% 11.1% -12.8 -9.4

 

Calgary Real Estate Benchmark Sales Prices:

The overall Benchmark price increased by $3,200 or .57% in April. The larger gains were in the Detached and Semi-detached sectors of $4,100 each.  The Attached row sector declined by $1,000 and the Apartment sector increased by $1,100 This is showing an indication that Apartment condominiums may have hit there low and might show less decreases that past soft markets.

 

Current Months of Inventory (Absorption Rate): 

The overall months of Inventory decreased by only .03 so all sectors remained flat through April.

 

My Prediction for what is ahead:

Based on the numbers for the last two months it looks like we are going to see the Detached Sector and the Semi-detached sector favor sellers more while the Apartment Condo and Attached -Row sector will remain flat.

 

Special Note: What I am seeing on the street is inconsistent with the numbers above.  What I am referring to is there seems to be significant differences in communities, for example inner city detached homes are remarkably busy and many of them are going into competing offers while the newer communities are struggling with a lot of inventory.

Summary of the Calgary Real Estate Board Realtors Stats

Summary of the Calgary Real Estate Board Realtors Stats

  • Note – These numbers will vary substantially from Community to Community.  If you would like info on your community contact us. 

 

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Calgary Housing Market as of March 1, 2026

Tuesday, March 3rd, 2026

What is really happening in the Calgary Real Estate Market?

The following graph shows the months of inventory for each housing sector. Looking at a one-year trendline gives you an indication of where things are really heading.

Graph shows the months of inventory for all sectors in the Calgary Real Estate Market

Graph shows the months of inventory for all sectors in the Calgary Real Estate Market

Gord’s commentary for the month (just my opinion).

February Highlights

  • The increase in sales outpaced the increase in Months of Inventory by approx. 14% moving us to favor sellers more than buyers.
  • Prices for Semi-Detached and Detached Homes increased by $15,200 and $10,300 respectively while prices for apartment condominiums decreased by $2,600. Attached Row Homes remained flat.
  • Months of Inventory decreased by .4
  • Looking like in 2026 Buyers are beating sellers to the market.

 

Calgary Listing Inventory

All sectors saw the Months of Inventory increase between 9% to 11% in February. The only exception is in the Semi-Detached Sector and this sector decreased by only four listings. This is normal for this time of year, as listings usually increase from January to June.

 

Calgary Sales

Sales in February increased by 23.66% over January. Take note that the increase in Semi-Detached homes was 48.31% and Attached Row homes increased by 45.16%. Other sectors increased by between 12-26%

 

Sales Compared to 2025: 

February compared to February of last year saw a sales decrease of 192 sales or 11.1%.

This shows that sales are still below last year at this time but it’s important to note that these numbers are still above long-term trends.

  Sept October  November  December January February
2025 2000 2167 1793 1318 1449 1718
2026 1720 1885 1553 1126 1234 1526
Change -280 -282 -240 -192 -215 -192
% Change -14. % -13.1 -13.4% -14.5% -14.9% 11.1%

 

Calgary Real Estate Benchmark Sales Prices:

The overall Benchmark price $6,100 in February. The highest increase was in the Semi-Detached sector at $15,200 followed by the detached sector at $10,300. The only sector that showed a loss was the Apartment Condo sector which lost $$2,600 or .86%.

Current Months of Inventory (Absorption Rate): 

The overall months of Inventory decreased by .4 which is quite substantial and really shows the direction of the market – moving to favor sellers over buyers.

 

My Prediction for what is ahead:

I believe that the Detached and Semi-Detached are going to continue favoring the sellers, the Attached Row sector will remain stable while the Apartment Condo sector will continue to favor Buyers meaning future price decreases.

*Below is a summary of numbers in chart form. All numbers are taken from the Calgary Real Estate Boards monthly Stats package.

* All numbers vary by community and price ranges, if you would like stats specifically for your neighbourhood, please contact us.

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Calgary Housing Market Feb 1, 2026

Monday, February 2nd, 2026

What is really happening in the Calgary Real Estate Market?

The following graph shows the months of inventory for each housing sector. Looking at a one-year trendline gives you an indication of where things are really heading.

Graph shows the months of inventory for all sectors in the Calgary Real Estate Market

Graph shows the months of inventory for all sectors in the Calgary Real Estate Market

 

Gord’s commentary for the month (just my opinion).

Hope everyone had a wonderful holiday season!

January Highlights

Months of Inventory in the Detached and Semi-Detached sectors stayed flat while the Months of inventory in the Attached – Row and Apartment sectors increased.

Typical Sales levels for a January and prices remained almost flat.

 

Calgary Listing Inventory

The Calgary listing inventory 13.76 % through January. This is very normal as many people wait until the new year to list.

 

Calgary Sales

Sales in January increased by 9.49% in January.  Again, this is normal for January to see increased sales over December.

  

Sales Compared to 2025: 

 January saw a decrease in sales compared to January 2025.  Looking at the last 6 months sales are consistently lower than in 2025.

  August  Sept October  November  December January
2025 2182 2000 2167 1793 1318 1449
2026 1989 1720 1885 1553 1126 1234
Change -193 -280 -282 -240 -192 -192
% Change -9.7% -14. % -13.1 -13.4% -14.5% 14.9%

 

Calgary Real Estate Benchmark Sales Prices:

The overall Benchmark price decreased by only $300 in January.  Both the Detached home sector and the Apartment Condo Sectors decreased by $2900 and $2400 respectively which are exceedingly small decreases.

 

Current Months of Inventory (Absorption Rate): 

The overall months of Inventory increased by .13 Again this was driven mostly by the Apartment Condo Sector (.7) and the Attached Row sector (.40). The only sector that saw a decrease was the Semi-Detached Sector which decreased by .44%.

 

My Prediction for what is ahead:

In late January, I attended the Calgary Real Estate Boards forecast put on by CREB’s economist.

To summarize her message the prediction for 2026 is for the Detached and Semi-Detached sectors to remain similar to last years levels.  She is also forecasting the supply levels for the Attached- Row and the Apartment Sectors to increase due to construction levels that are already in progress resulting in a further softening within those sectors.

 

*Below is a summary of numbers in chart form. All numbers are taken from the Calgary Real Estate Boards monthly Stats package.

* All numbers vary by community and price ranges, if you would like stats specifically for your neighbourhood, please contact us.

Summary of the Calgary Real Estate Board Realtors Stats

Summary of the Calgary Real Estate Board Realtors Stats

 

 

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Calgary Housing Market – Nov 1, 2025

Tuesday, November 4th, 2025

What is really happening in the Calgary Real Estate Market?

The following graph shows the months of inventory for each housing sector. Looking at a one-year trendline gives you an indication of where things are really heading.

Graph shows the months of inventory for all sectors in the Calgary Real Estate Market

Graph shows the months of inventory for all sectors in the Calgary Real Estate Market

Gord’s commentary for the month (just my opinion).

November 1, 2025, Highlights

Pace of new listings growth slows, preventing further inventory gains. October we saw a decrease in Inventory along with an increase in Sales lowering our Months of Inventory. This is a reverse to our normal trend as normally as we get closer to the new year sales go down.

Calgary Listing Inventory

In October, our listing inventory decreased marginally by 6.64% or 445 listings. The largest decrease was in detached homes (9.0%). One important thing to note is that 71% of this decrease was in the last week of the month. Often Realtors set their listings to expire are the end of the month so we might see a very quick rebound if those listings get relisted.

 Calgary Sales

For October, our sales increase by 165 sales or 9.59% which is the opposite direction of what normally happens in October and what we were all expecting. I have also personally noticed an increase in the number of Buyer’s I’m assisting. This leads me to believe that some of those people who have been sitting on the sidelines are now making the move so our market may start to change direction again.

Sales Compared to 2024: 

September saw a decline in sales from August (14%.). This is higher than the last 3 months of 9.7%, 11.6% showing that the market continues to cool.

 

  May June July August  Sept October  
2024 3090 2374 2374 2182 2000 2167
2025 2568 2286 2099 1989 1720 1885
Change -522 88 -275 -193 -280 -282
% Change -16.89 -.04 -11.6% -9.7% -14. % -13.1

 

Calgary Real Estate Benchmark Sales Prices:

The overall Benchmark price for August decreased by .84%. The lowest decrease was in the Semi-Detached sector at .25% and the highest price decline was in the Attached Row sector at -1.35%.

Current Months of Inventory (Absorption Rate): 

The total months of Inventory as of November 1 decreased by .59 die to lower inventory and higher sales. The only sector that saw and increase in months of inventory was the Attached Row sector and its increase was only .22.

My Prediction for what is ahead: 

Although we saw a shift in a lower inventory and increased sales this month, I still believe we will stay in a balanced/buyers’ market for some time until there is a little more certainty in Canada with US Tariffs etc. I do however believe when we get some certainty, we could end up back in a strong Sellers market as there are a lot of people sitting on the fence right now.

 

*Below is a summary of numbers in chart form. All numbers are taken from the Calgary Real Estate Boards monthly Stats package.

* All numbers vary by community and price ranges, if you would like stats specifically for your neighbourhood, please contact us.

Graph shows the months of inventory for all sectors in the Calgary Real Estate Market

Graph shows the months of inventory for all sectors in the Calgary Real Estate Market

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Calgary Housing Market: May 1, 2025

Thursday, May 1st, 2025

What is really happening in the Calgary Real Estate Market you ask?

 The following graph shows the months of inventory for each housing sector. Looking at a one-year trendline gives you an indication of where things are really heading.

Graph showing Months of Inventory for Calgary Real Estate Market

Months of Inventory for Calgary Real Estate Market

 

Gord’s commentary for the month ( my opinion).

 May1, 2025, Highlights

April showed a modest softening in all Sectors with prices remaining steady even with the market softening.

 

Calgary Listing Inventory

April saw another increase in our inventory levels, part of this being seasonal and part is showing a softening of the market. The increase overall was 13.83%. The Attached – Row sector increased by 21.7% and Semi – Detached homes showed a 19.2% increase while the Apartment sector increased by only 9.18%.

 

Calgary Sales:

Throughout April our sales overall increased by only 3.57% over March. All sectors’ sales grew at a similar rate except the Attached-Row sector which saw a decline of 11.25% This makes sense to me as in my opinion the attached-row sector has been over performing compared to the other sectors.

 

Sales Compared to 2024: 

Compared to April  of 2025 our sales were down 22.25%

Yes, this is a big slowdown, however we must remember that Feb through June of last year!

were all record-breaking months so it would bee unrealistic to expect the same.

  Nov Dec Jan Feb March April
2024 1783 1362 1649 2132 2658 2876
2025 1797 1322 1451 1721 2159 2236
Change 14 40 198 -411 -499 -640
% Change .8% -3.0% 12.1 -19.28 -18.88 -22.25%

 

Calgary Real Estate Benchmark Sales Prices:

The overall Benchmark price for April was only $1.400 lower than at the end of March. All market sectors were similar except the Attached- Row sector which increased by .75%

 

Current Months of Inventory (Absorption Rate): 

With the increase in inventory much larger that the increase in sales our Months of Inventory increased in all sectors by between .00 to .30 again except Attached-Row homes that showed an increase of .77  The changes over the last few months have now put every Sector into a balanced market position except detached homes that remain just into a Sellers Market Position.

 

My Prediction for what is ahead: 

In the short term (3-6 months), I believe, based on our trend is that we will continue to see our months of Inventory increase slightly every month which will put the entire market into a more balanced territory giving Buyer’s and Seller’s equal power.

 

*Below is a summary of numbers in chart form. All numbers are taken from the Calgary Real Estate Boards monthly Stats package.

*All numbers vary by community and price ranges, if you would like stats specifically for your neighbourhood, please contact us.

Stats from the Calgary Real Estate Board

Calgary Real Estate Board Realtors Stats

Calgary Real Estate Board Realtors Stats

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Calgary Housing Market April 2025

Tuesday, April 1st, 2025

What is really happening in the Calgary Real Estate Market you ask?

 The following graph shows the months of inventory for each housing sector. Looking at a one-year trendline gives you an indication of where things are really heading.

Graph showing Months of Inventory for Calgary Real Estate Market

Graph showing Months of Inventory for Calgary Real Estate Market

Gord’s commentary for the month (just my opinion).

 April 1, 2025, Highlights

Although our listing inventory increased, our sales increased by almost the same percentage leaving our Months of Inventory at a similar level to last month. Prices increased in every sector.

Calgary Listing Inventory

Throughout March our listing inventory increased in all housing sectors by a total of 1009 listings or 24.34%. In my opinion this is mostly a seasonal adjustment, and we will likely see similar increases until mid year.

Calgary Sales:

Throughout March our Sales increased by 438 or 25.45 % over February. Again, sales increasing is typical of this time of year. We should see this trend for the next six months.

Sales Compared to 2024: 

Sales in March 2025 compared to March 2024 were down by 18.88%.

Yes, this is a big slowdown, however we must remember that Feb through June of last year!

were all record-breaking months.

  Oct Nov Dec Jan Feb March
2024 2169 1783 1362 1649 2132 2658
2025 2174 1797 1322 1451 1721 2159
Change 5 14 40 198 -411 -499
% Change .2% .8% -3.0% 12.1 -19.28 -18.88

 

Calgary Real Estate Benchmark Sales Prices:

The overall Benchmark price in March increased by $4,900 or .83%.

The largest percentage increases were in the Attached Row House sector at 1.63%.

Following were the Detached and Semi-Detached sectors with an increase of 1.22& and 1.23%. Apartment Condos increased but only by .57%.

Current Months of Inventory (Absorption Rate): 

With our Sales increasing at a marginally lower rate than our Inventory, the Months of Inventory increased by .02 in March. Breaking this down the Detached home sector decreased by .09% while all other categories increased.

 My Prediction for what is ahead: 

I’m sure it’s not news to say that the Trump tariffs are causing uncertainty in the world. This uncertainty causes people to put plans on hold to see what happens. What is interesting is that even with all the uncertainty our sales are maintaining a good pace. Based on what I am seeing on the street, there are a lot of people in a hold pattern and once we get over the Trump tariffs then our market is going to explode again due to the pent-up demand. Unfortunately I can’t tell you if this will be over in a month or 4 years! Sorry my crystal ball is broken.

 

*Below is a summary of numbers in chart form. All numbers are taken from the Calgary Real Estate Boards monthly Stats package.

Calgary Real Estate Board Realtors Stats

Calgary Real Estate Board Realtors Stats

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Calgary Real Estate Market Snapshot – March 1, 2025

Monday, March 3rd, 2025

What is really happening in the Calgary Real Estate Market?

 Following is a graph that shows the months of inventory for each housing sector. Looking at a one-year trendline gives you an indication of where things are really heading.

Graph showing Months of Inventory for Calgary Real Estate Market

Graph showing Months of Inventory for Calgary Real Estate Market

 

 

Gord’s commentary for the month (just my opinion).

 March 1, 2025 Highlights

Calgary’s sales increase over January outpaced the listing inventory by 4.71% moving the entire market to a slightly deeper Seller’s market.  What I am noticing is that Buyer’s are acting more like we are in a Buyer’s market and not rushing into their purchase.

Calgary Listing Inventory

Throughout February our listing inventory increased in all housing sectors by a total of 13.9%.  In my opinion this is simply a seasonal adjustment, and we will likely see similar increases until mid year.

Calgary Sales:

Throughout February our Sales increased by 18.61% over January.  Again, sales increasing is typical of this time of year.  Looking at sales it is important to note that Sales were higher in February than our historical February average although they are lower than the last few years.  We should see this trend for the next six months.

 Sales Compared to 2023: 

Sales in January compared to February 2025 were down by 19.28% compared to February 2024 showing a slight slowdown.

  Sept Oct Nov Dec Jan Feb
2023 2430 2169 1783 1362 1649 2132
2024 2003 2174 1797 1322 1451 1721
Change -427 5 14 40 198 -411
% Change 17.6% .2% .8% -3.0% 12.1 -19.28

 

Calgary Real Estate Benchmark Sales Prices:

The overall Benchmark price in February increased by $4,600 or .79%

The largest increases were in the Detached and Semi-detached sectors. Of interest the Attached Row sector only increased by $1,800 which is low compared to recent history. The Apartment sector increased by $2800 in February.

 

Current Months of Inventory (Absorption Rate): 

With our Sales increasing at a slightly higher rate than our Inventory the Months of Inventory decreased by .1 in February.  Increases were seen in the Detached and Semi-Detached Sectors while the Attached Row and apartment Condo sector both decreased.

 

My Prediction for what is ahead: 

First, I will say that anything could happen with the change in the US government and how the Canadian government will react with new tariff situation – today this is anyone’s guess.

Putting that aside, here is what it looks like to me. We are already in a tight (Seller’s market) to start off the new year. This combined with lower interest (more to come) which increases demand. In my opinion this indicates that we should have another busy year in Real Estate unless the Trump factor kicks in then it’s anyone’s guess.  Unfortunately, it sure looks like there is going to be a lot of uncertainty throughout Trumps entire term which will hold the entire market back somewhat.

I do believe there is a pent-up demand – at my open house this weekend I had over 40 people come through in just over 2 hours. Yes, there are a lot of people looking.

*Below is a summary of numbers in chart form. All numbers are taken from the Calgary Real Estate Boards monthly Stats package.

 

*All numbers vary by community and price ranges, if you would like stats specifically for your neighbourhood, please contact us.

Calgary Real Estate Board Realtors Stats

Calgary Real Estate Board Realtors Stats

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Calgary Real Estate Market Snapshot – Feb 1, 2025

Tuesday, February 4th, 2025

What is really happening in the Calgary Real Estate Market?

 Following is a graph that shows the months of inventory for each housing sector. Looking at a one-year trendline gives you an indication of where things are really heading.

Graph showing Months of Inventory for Calgary Real Estate Market

Graph showing Months of Inventory for Calgary Real Estate Market

 

Gord’s commentary for the month (just my opinion).

January 2024 Highlights

Calgary saw an increase in both inventory and sales however the increase in inventory was higher than sales pushing our Months of Inventory up in all housing sectors except Semi-detached homes. Prices decreased slightly in all sectors except Detached Homes where they increased by $3300.

Calgary Listing Inventory

Through January our listing inventory increased in all housing sectors by a total of 21.75%. This seems high but a good portion of this is strictly seasonal.

Calgary Sales:

Through January our Sales increased by 9.76% which again is typical of the time of year. We should see this trend for the next six months.

Sales Compared to 2023: 

Sales in January compared to January 2024 were down by 12.1% showing a slight slowdown.

  Aug Sept Oct Nov Dec January
2023 2716 2430 2169 1783 1362 1649
2024 2186 2003 2174 1797 1322 1451
Change July -427 5 14 40 198
% Change 19.6% 17.6% .2% .8% 3.0% 12.1

 Calgary Real Estate Benchmark Sales Prices:

The overall Benchmark price in December declined by $300. or .05%. This decline was fairly even across all sectors except Detached homes which saw an increase of $3300. All other sectors saw declines from $1000 to $4000.

 Current Months of Inventory (Absorption Rate): 

With our inventory decreasing by more than sales increased we saw the months of inventory increase overall by .25   The only Sector that decreased is the Semi-Detached sector and that only decreased by .09.  Take note that the Condominium sector increased to 3.5 months of Inventory pushing it near a Buyers Market.

 

My Prediction for what is ahead: 

First, I will say that anything could happen with the change in the US government and how the Canadian government will react with new tariff situation – today this is anyone’s guess.

Putting that aside, here is what it looks like to me. We are already in a tight (Seller’s market) to start off the new year. This combined with lower interest (more to come) which increases demand. In my opinion this indicates that we should have another busy year in Real Estate unless the Trump factor kicks in then it’s anyone’s guess.  Unfortunately, it sure looks like there is going to be a lot of uncertainty throughout Trumps entire term which will hold the entire market back somewhat.

 

*Below is a summary of numbers in chart form. All numbers are taken from the Calgary Real Estate Boards monthly Stats package.

 

*All numbers vary by community and price ranges, if you would like stats specifically for your neighbourhood, please contact us.

 

See Calgary Real Estate Stats on Next Page Below

Calgary Real Estate Board Realtors Stats

Source: Calgary Real Estate Board Realtors Stats

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