Calgary Housing: Price Gains & Sales Momentum Persist

DAILY CHANGES

Calgary's average residential price saw a minor daily uptick, rising 0.2% to $586,170. Sales volume experienced a slight dip of 1.7%, with 118 transactions recorded. New listings remained stable, increasing by 0.7%.

For buyers, daily fluctuations are minor noise; focus remains on the broader market momentum. For sellers, yesterday's slight dip in sales volume suggests competitive pricing is key, despite the minor price increase.

MONTHLY CHANGES

The 30-day trend paints a picture of a robust market. The average price has climbed 3.75%, now standing at $586,170. Sales volume surged by 12% over the past month, indicating sustained buyer demand. New listings also rose by 8%, offering some increased inventory, though demand outpaces supply.

Buyers face a competitive environment with prices trending upwards and strong sales volume. Swift action on desirable properties is advisable. For sellers, these trends signal strong pricing power and potentially shorter market times due to elevated demand.

YEARLY CHANGES

Looking year-over-year, Calgary’s housing market demonstrates significant long-term growth. The average price has increased by a substantial 10.0% compared to this time last year, highlighting sustained value appreciation. Sales volume is up by an impressive 18%, while new listings have risen by 7%.

For buyers, these figures confirm a market with consistent appreciation, but also signify higher entry costs compared to 12 months ago. Sellers continue to benefit from substantial equity gains and a market that strongly favours listing properties.