Calgary Housing Statistics

Most Recent Calgary Real Estate Statistics: March,  2024

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  • Days on Market: 20 (Down by 24.3% from a year ago)
  • Average Price: $596,193 ( Up by 11.3% from a year ago)
  • Active Listings: 2,532  (Down by 21.7% from a year ago)
  • Sold Listings: 2,664 (Up by 9.9% from a year ago)
  • New Listings: 3,172 (Down by 4.3% from a year ago)
  • Sold to List Price Ratio: 101.71% (Up by 1.91% from a year ago)
  • Months of Inventory: 0.95 (Down by 28.8% from a year ago)

Calgary Housing Prices

2023 - March      2024 - March      Y/Y - % Change
Total Sales 2,424 2,664 9.90%
Total Sales Volume $1,299,027,704  $1,588,256,990 22.70%
New Listings 3,314 3,172 -4.28%
Inventory 3,235 2,532 -21.7%
Months of Supply 1.33 0.95 -28.78%
Sales to New Listings Ratio 73.14% 83.98% 10.84%
Sales to List Price Ratio 99.80% 101.71% 1.91%
Days on Market 27 20 -24.28%
Benchmark Price $539,100 $597,600 10.85%
Median Price $485,500 $557,000 14.73%
Average Price $535,903 $596,193 11.25%
Index 251 278 10.89%

Number of Days it Takes to Sell a Home in Calgary (DOM)

Days on MarketIn March 2024, the number of days an average property listed on the market was for 20 days. In the same month of 2023, the average MLS® listing in Calgary sold in 27 days. This figure is composed of all listings on the Calgary MLS® System, including condominiums: apartments, townhouses, and single-family and attached houses within the boundaries of Calgary city limits.


Average Real Estate Prices in Calgary

Average Real Estate PricesThe average price of a home in Calgary was $596,193 in March 2024. Currently, it is about 11.25% more than it was in the same month of 2023 when the combined price of single-family, condominiums and attached homes were recorded at $535,903.


Active MLS® Listings in Calgary

Number of Active ListingsActive listings on the market in Calgary can often be the indication of a shifting market as real estate prices can be influenced by the difference between the supply of inventory and the number of buyers being active in the market.

On the last day of March, the number of active listings in Calgary was recorded at 2,532 units, which is a decrease of 21.7% compared to March of 2023 when 3,235 homes were listed for sale in Calgary, AB.


Number of Homes Sold in Calgary

Sold Homes in CalgaryThe number of sold homes in Calgary last month was 2,664 properties. It is reflecting a seasonal trend when compared to February's numbers of 2,135 sold units, or a month-to-month increase of 24.8%. On a year-over-year comparison, the number of sold units increased by 9.90%.


New Listings in Calgary

New Listings in CalgaryWhen compared to the same month in 2023, the number of new listings in Calgary in March 2024 decreased by 4.3% as CREB has recorded 3,172 new listings coming on the market in Calgary. On a month-to-month comparison, the number of new listings in Calgary increased by 17% which is a combination of current market trends and the seasonal cycle of the real estate market.


Months of Housing Supply

Months of Supply of Real EstateThe pace of the market or months-of-inventory indicates the level of interest of the homebuyers on the street. A typical balanced market can be characterized by a 2-3.5 month of inventory.

Currently, the number of active listings is sitting at a supply of 0.95 months. It means, that if buyers would be acquiring real estate at the same rate and no new listings were to enter the market, then it would take this many months to buy up all of the available real estate listings in Calgary. In March 2023, the housing supply was sitting at an inventory of 1.33 months, meaning that buyers are about 28.8% more active today to purchase real estate than they were a year ago.


The Odds of Selling a Home

Chances of selling a home in CalgaryThe odds of selling takes into consideration the amount of sold properties compared to all the available listings in Calgary that were on the market in a given month.

Within the City of Calgary, in March 2024, a total of 84% out of all MLS® listings were sold when compared to the new listings which were totalled on the last day of the month. It also means that a mere 16% of homeowners did not succeed at selling and they either became an expired listing or have been terminated at the request of the seller. At the same time in 2023, homeowners were able to sell their properties with a 11% lower success rate as approximately 73% of all the listings in Calgary that went up for sale have sold.

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Discussion

#1 By Yesi Merino at 4/10/2020 0:17 PM

Thank you for sharing! Very informative statistics compared to last year and this year.

#2 By Alicia Lopez at 8/7/2020 -2:13 PM

These are very great stats on the housing market in Calgary. However, I think the current economic state and pandemic needs to be considered with the current housing market.

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