April 2024 Calgary Real Estate Market Update

Here are the highlights from The Calgary Real Estate Board's market report for April 2024, which you can read in full by clicking here:

  • "Sales in April rose by seven per cent compared to last year, to 2,881 units" (Calgary Real Estate Board).
  • "Much of the growth in sales has occurred for relatively more affordable, higher-density products" (Calgary Real Estate Board).
  • "there were 3,491 new listings in April, an 11 per cent gain over last year but only three per cent higher than long-term trends" (Calgary Real Estate Board).
  • "[With] months of supply of less than one month, conditions continue to favour the seller, driving further price gains in the market" (Calgary Real Estate Board).
  • "The unadjusted total residential benchmark price reached $603,700" (Calgary Real Estate Board).

Calgary Real Estate Board Chief Economist Ann-Marie Lurie says, "while supply levels are still declining, much of the decline has been driven by lower-priced homes. Homes priced below $500,000 have reported a 29 per cent decline. Meanwhile, we are seeing supply growth in homes priced above $700,000. Persistently high-interest rates are driving demand toward more affordable products in the market and, at the same time, driving listing growth for higher-priced properties.”

Are you ready to make your move? Contact Ken Richter directly today at 403-630-6363 or email Ken@KenRichter.com

(Image via Canva)

Posted by Ken Richter on


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