Is Calgary’s Housing Market Cooling or Staying Hot? 🔥

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Calgary Real Estate Market Update - November 2024 🏡📊

As winter sets in, Calgary’s real estate market is showing signs of seasonal cooling, but demand remains resilient. In November 2024, sales held steady at 1,797 units, matching last year’s levels and sitting 20% above long-term trends for this time of year.

📈 Key Highlights:

🔼 Inventory Rises: November inventory reached 4,352 units, up significantly from last year’s 3,000, but still below long-term averages.
🏠 Supply Shifts: Detached, semi-detached, and row homes saw increased sales, while apartment condo sales eased.
💰 Prices Remain Stable: The total benchmark price reached $587,900, reflecting a 4% year-over-year gain. Row homes led price growth at 7%, with apartment units up by 9%.
🔧 Balanced Market?: Months of supply increased to over 2 months, signaling a move away from the extreme seller’s market conditions of earlier this year.
🏗️ New Construction Impact: Rising construction is helping ease supply challenges, though conditions vary across locations, price ranges, and property types.
Whether you’re buying, selling, or just keeping an eye on Calgary’s housing market, this video will provide all the insights you need to stay informed.

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Contact Adam Fyfe:
🏢 eXp Realty Canada
📱 Phone: [phone]

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