Market report · October 2024
Calgary housing market: October 2024
The benchmark sale price in Calgary in October 2024 was $590,900, up 4.3% year over year. 2,167 homes sold against 3,263 new listings — 2.3 months of supply, a balanced market.
What happened in October 2024
Calgary recorded 2,167 sales in October 2024, 0.1% fewer than the same month a year earlier. Sellers brought 3,263 new listings to market, leaving 4,967 properties in inventory — 55.0% more than a year ago. At the month's pace of sales that is 2.3 months of supply, which puts Calgary in a balanced market.
The benchmark price across all property types was $590,900, up 4.3% year over year and down 0.8% on the month. By property type, apartment homes were the strongest year over year at +9.8%, and detached the weakest at +7.9%.
The two years to October 2024
By property type
| Type | Benchmark price | YoY | Sold | New listings | Inventory | Months of supply |
|---|---|---|---|---|---|---|
| Detached | $752,400 | +7.9% | 1,067 | 1,536 | 2,198 | 2.1 |
| Semi-detached | $677,000 | +8.0% | 188 | 285 | 393 | 2.1 |
| Row / townhouse | $455,900 | +7.9% | 353 | 521 | 783 | 2.2 |
| Apartment | $336,800 | +9.8% | 559 | 921 | 1,593 | 2.8 |
| All types | $590,900 | +4.3% | 2,167 | 3,263 | 4,967 | 2.3 |
Source: the Calgary Real Estate Board, Calgary, October 2024.
What this means for your mortgage
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