April 2023 - Calgary Real Estate Housing Market Update

April 2023 - Calgary Real Estate Housing Market Update

Persistent sellers’ market conditions placed further upward pressure on home prices. After 4 months of gains, the total unadjusted benchmark price reached $550,800, nearly 2% higher than last month and a new monthly record high for the city.

In April, sales reached 2,690 units compared to the 3,133 new listings. With a sales to-new-listings ratio of 86%, inventories declined by 34% compared to last year and are over 45% below long-term averages for April.

While sales have eased by 21% compared to last year, the steep decline in supply has caused the months of supply to ease to just over one month. This reflects tighter market conditions than earlier in the year and compared to conditions reported last April.

If you or someone you know have questions about how this may impact your home selling or buying decision, send me a message!⁠

Jason Streich⁠
Greater Calgary Real Estate⁠
403 807 2204⁠⁠

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