March 2024 Calgary Real Estate Market Update
Posted by Ken Richter on
Here are the highlights from The Calgary Real Estate Board's market report for February 2024, which you can read in full by clicking here:
- "March sales rose to 2,664 units, a 10 per cent year-over-year gain and much higher than long-term trends" (Calgary Real Estate Board).
- "While new listings did pick up over last month, the 3,172 units were still below what we typically see in March" (Calgary Real Estate Board).
- "Months of supply fell below one month" (Calgary Real Estate Board).
- "Inventory levels have declined across properties priced below $1,000,000, with the steepest declines occurring for homes priced below $500,000." (Calgary Real Estate Board).
- "The unadjusted total residential benchmark price rose to $597,600" (Calgary Real…
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