Market report · September 2024
Calgary housing market: September 2024
The benchmark sale price in Calgary in September 2024 was $595,400, up 5.3% year over year. 2,000 homes sold against 3,687 new listings — 2.5 months of supply, a balanced market.
What happened in September 2024
Calgary recorded 2,000 sales in September 2024, 17.7% fewer than the same month a year earlier. Sellers brought 3,687 new listings to market, leaving 5,064 properties in inventory — 49.7% more than a year ago. At the month's pace of sales that is 2.5 months of supply, which puts Calgary in a balanced market.
The benchmark price across all property types was $595,400, up 5.3% year over year and down 0.8% on the month. By property type, apartment homes were the strongest year over year at +12.2%, and detached the weakest at +8.6%.
The two years to September 2024
By property type
| Type | Benchmark price | YoY | Sold | New listings | Inventory | Months of supply |
|---|---|---|---|---|---|---|
| Detached | $756,000 | +8.6% | 942 | 1,791 | 2,315 | 2.5 |
| Semi-detached | $678,600 | +9.6% | 181 | 299 | 378 | 2.1 |
| Row / townhouse | $458,000 | +9.9% | 376 | 606 | 751 | 2.0 |
| Apartment | $339,900 | +12.2% | 501 | 991 | 1,620 | 3.2 |
| All types | $595,400 | +5.3% | 2,000 | 3,687 | 5,064 | 2.5 |
Source: the Calgary Real Estate Board, Calgary, September 2024.
What this means for your mortgage
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