Despite the increase in new listings, the inventory levels remained low. With 1,787 sales in November, the months of supply stayed below two months
“Like other large cities, new listings have been increasing,” said CREB® Chief Economist Ann-Marie Lurie. “However, in Calgary, the gains have not been enough to change the low inventory situation thanks to strong demand. Our market continues to favour the seller, driving further price growth.”
As of November, the benchmark price was $572,700, up over last month and nearly 11 per cent higher than November 2022.
Detached Homes - Detached sales increased by 0.5% compared to a year ago - New listings increased by 18% compared to a year ago - Inventory decreased by -9% compared to a year ago - Benchmark Price increased by 13% to $699,500 compared to a year ago Semi-Detached Homes - Semi-Detached sales increased by 6% compared to a year ago - New listings increased by 38% compared to a year ago - Inventory increased by 0.7% compared to a year ago - Benchmark Price increased by 12% to $628,700 compared to a year ago Row homes (townhouses) - Townhouse sales increased by 8% compared to a year ago - New listings increased by 47% compared to a year ago - Inventory increased by 6% compared to a year ago - Benchmark Price increased by 21% to $429,100 compared to a year ago Apartment Units - Apartment unit sales increased by 26% compared to a year ago - New listings increased by 79% compared to a year ago - Inventory decreased by -1% compared to a year ago - Benchmark Price increased by 18% to $320,100 compared to a year ago