Calgary Housing: Prices Rise Daily, Up 10% Year-Over-Year

DAILY CHANGES

Calgary's average home price saw a modest daily increase, climbing to $585,000 from yesterday's $583,500. New listings rose to 120, alongside 85 sales. Active listings edged up to 2,500. This indicates a consistent, albeit slight, upward push in prices and continued market activity.

For buyers, prices are slowly trending higher, but new listings offer fresh options. For sellers, the market maintains steady demand and price strength.

MONTHLY CHANGES

The 30-day trend reveals significant market heating. The average price increased by 2.63% to $585,000 from $570,000 last month. Both new listings and sales volumes are notably higher than the 30-day averages, signaling robust demand absorbing fresh inventory. The sales-to-active ratio has risen from 0.030 to 0.034.

Buyers face a competitive environment with rising prices, but also benefit from a greater influx of new properties. Sellers are in a strong position, seeing good price appreciation and quicker absorption of listings.

YEARLY CHANGES

Compared to this time last year, the market shows substantial appreciation and tighter conditions. The average home price has surged by 10.38%, from $530,000 to $585,000. Despite an increase in new listings year-over-year, total active listings are lower than last year (2,500 vs 2,800), reflecting strong buyer absorption. Sales volumes are also significantly up.

For buyers, the market is considerably more competitive than a year ago, with fewer options and higher prices. For sellers, the substantial value growth makes it an advantageous time to list, with strong demand supporting price gains.