Market report · November 2024
Calgary housing market: November 2024
The benchmark sale price in Calgary in November 2024 was $586,400, up 3.3% year over year. 1,793 homes sold against 2,327 new listings — 2.4 months of supply, a balanced market.
What happened in November 2024
Calgary recorded 1,793 sales in November 2024, 0.6% more than the same month a year earlier. Sellers brought 2,327 new listings to market, leaving 4,354 properties in inventory — 45.1% more than a year ago. At the month's pace of sales that is 2.4 months of supply, which puts Calgary in a balanced market.
The benchmark price across all property types was $586,400, up 3.3% year over year and down 0.8% on the month. By property type, semi-detached homes were the strongest year over year at +7.7%, and row / townhouse the weakest at +6.3%.
The two years to November 2024
By property type
| Type | Benchmark price | YoY | Sold | New listings | Inventory | Months of supply |
|---|---|---|---|---|---|---|
| Detached | $748,600 | +7.0% | 862 | 1,043 | 1,857 | 2.2 |
| Semi-detached | $675,200 | +7.7% | 172 | 225 | 363 | 2.1 |
| Row / townhouse | $453,300 | +6.3% | 330 | 406 | 655 | 2.0 |
| Apartment | $333,000 | +7.4% | 429 | 653 | 1,479 | 3.4 |
| All types | $586,400 | +3.3% | 1,793 | 2,327 | 4,354 | 2.4 |
Source: the Calgary Real Estate Board, Calgary, November 2024.
What this means for your mortgage
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