June 2024 Calgary Real Estate Market Statistics

Every month the Calgary Real Estate Board releases a report detailing what has been happening in the real estate market. These reports provide really valuable information to sellers, buyers, and investors alike. Real estate requires strategic decision making, so staying informed is crucial to ensure you are making the best moves possible.

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

  • "Sales in June reached 2,738, marking a 13 percent decline from last year’s record high" (Calgary Real Estate Board).
  • "New listings also eased relative to sales, causing the sales-to-new-listings ratio to remain elevated at 72 per cent. However, with 3,789 units available, levels remain 40 per cent lower than long-term trends" (Calgary Real Estate Board).
  • "At 1.4 months [of supply], conditions continue to favor sellers" (Calgary Real Estate Board).
  • "In June, the unadjusted benchmark price rose to $608,000, a gain over last month and nearly nine per cent higher than last year" (Calgary Real Estate Board).

Calgary Real Estate Board Chief Economist Ann-Marie Lurie says, "the pullback in sales reflects supply challenges in the lower price ranges, ultimately limiting sales activity. Inventory in the lower price ranges of each property type continue to fall, providing limited choices for potential purchasers looking for more affordable product. It also continues to be a competitive market for some buyers with over 40 per cent of the homes sold selling over list price.”

Are you ready to make your move? Contact Ken Richter directly today at 403-630-6363 or email Ken@KenRichter.com. In every market, Ken's experience is your advantage. 

(Image via Canva)

Posted by Ken Richter on


Email Send a link to post via Email

Leave A Comment

e.g. yourwebsitename.com
Please note that your email address is kept private upon posting.