November 2023 | Calgary Real Estate Housing Market Update

November 2023 | Calgary Real Estate Housing Market Update

New listings in November reached 2,227 units, nearly 40% higher than the exceptionally low levels reported last year at this time. Gains in new listings occurred across most price ranges, but the most significant gains occurred from homes priced over $600,000.

Despite the year-over-year jump in new listings, inventory levels remained low thanks to relatively strong sales. With 1,787 sales in November, the sales to new listings ratio remained high at 80%, and the months of supply remained below two months.

As of November, the benchmark price was $572,700, up over last month and nearly 11% higher than November 2022. Year-to-date, the average benchmark price has risen by over 5%.

Ready to secure your dream property and capitalize on the market growth? Connect with me to get started!

Jason Streich⁠
Greater Calgary Real Estate⁠
403 807 2204⁠⁠

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