Market Updates

NOVEMBER 2024 MARKET UPDATE

Posted on Nov 01, 2024 in Market Updates


Sales gains for homes priced above $600,000 offset declines at the lower end of the market, resulting in October sales that were similar to last year. The 2,174 sales in October increased over September and stood 24 percent above long-term trends for the month.

“Housing demand has stayed relatively strong in our market as we move into the fourth qua...

Read More

OCTOBER 2024 MARKET UPDATE

Posted on Oct 01, 2024 in Market Updates



Rising sales in the upper price ranges were not enough to offset the pullback occurring in the lower price ranges, as sales in September were 2,003, 17 percent below last year's record high. Despite the decline, sales this month were still over 16 percent higher than levels traditionally achieved in September.

“We are starting to see a rise in new l...

Read More

SEPTEMBER 2024 MARKET UPDATE

Posted on Sep 03, 2024 in Market Updates



Housing activity continues to move away from the extreme sellers’ market conditions experienced throughout the spring. Easing sales, combined with gains in supply, pushed the months of supply above two months in August, a level not seen since the end of 2022.

“As expected, rising new home construction and gains in new listings are starting to suppor...

Read More

AUGUST 2024 MARKET UPDATE

Posted on Aug 01, 2024 in Market Updates



With the busy spring market behind us, we are starting to see some shifts in supply levels. With 2,380 sales and 3,604 new listings, the sales-to-new listings ratio fell to 66 percent, supporting a gain in inventory. Inventories rose to 4,158 units, still 33 percent below what we typically see in July, but the first time they have pushed above 4,00...

Read More

CALGARY Q2 2024 MARKET UPDATE

Posted on Jul 22, 2024 in Market Updates



City of Calgary, July 19, 2024 -
 The Calgary Real Estate Board (CREB®) has released its Q2 2024 housing market report, providing an overview of the real estate landscape in Calgary and surrounding areas. The report showcases trends in sales and pricing, offering valuable insights for industry professionals and prospective homebuyers and sellers.
 
The...

Read More

JULY 2024 MARKET UPDATE

Posted on Jul 02, 2024 in Market Updates



Sales in June reached 2,738, a 13 percent decline from last year’s record high. Although sales improved for homes priced above $700,000, it was not enough to offset the declines reported in the lower price ranges. Despite the easing in June sales, they remain over 17 percent higher than long-term trends.

“The pullback in sales reflects supply challe...

Read More