Calgary Real Estate: Prices Up, Inventory Remains Tight

DAILY CHANGES

Calgary's average home price saw a slight increase of $500 today, reaching $585,000. New listings climbed by 10 units to 120, while sales volume also rose modestly to 95 transactions. Active inventory edged up to 2,850 units, and Days on Market decreased by one day to 18.

Buyers: Expect continued competition, particularly for desirable properties.

Sellers: Sustained demand suggests pricing power remains stable.

MONTHLY CHANGES

Over the past 30 days, the average home price has seen a notable increase of 2.63%, climbing from $570,000 to $585,000. New listings totaled 2,800 for the period, supporting 2,400 sales, indicating strong buyer activity. Active inventory grew by 5.56% to 2,850 units, though demand continues to outpace new supply. Days on Market fell by 4 days to 18, confirming properties are moving faster. This trend signals a heating market.

Buyers: Face a quicker pace and rising values; swift decisions are increasingly important.

Sellers: Benefit from heightened buyer interest and reduced time on market.

YEARLY CHANGES

Compared to one year ago, Calgary's average home price has seen a significant 12.5% surge, jumping from $520,000 to $585,000. New listings over the last month are up 27.27% year-over-year, with sales volume also increasing by 26.32%. Active inventory is higher by 14%, now at 2,850 units. Days on Market have reduced considerably from 25 to 18 days, reflecting sustained market vigor and robust value appreciation over the long term.

Buyers: Entry points are higher; however, strong long-term value appreciation suggests continued investment potential.

Sellers: Have seen substantial equity growth and remain in a favorable selling environment.