December 2023 | Calgary Real Estate Housing Market Update

December 2023 | Calgary Real Estate Housing Market Update
Sales in 2023 did ease relative to last year's peak, but with 27,416 sales, levels were still far higher than long-term trends and activity reported before the pandemic.

While sales stayed relatively strong, there was a notable shift in activity toward more affordable apartment condominium-style homes.

Inventory levels were persistently below long-term trends for the city throughout most of the year, averaging a 44% decline over the 10-year average. We also saw the months of supply remain well below two months throughout most of the year across homes priced below $1,000,000.

The persistently tight conditions contributed to our city's new record high price. While the average annual benchmark price growth did slow from 12% in 2022 to nearly 6% growth in 2023, the price growth was still relatively strong especially compared to some markets in the country.

Take the first step towards informed decisions by connecting with me now for a complimentary market evaluation. Secure the insights essential for your journey in the housing market. Let's elevate your real estate experience together!


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