Market report · December 2024
Calgary housing market: December 2024
The benchmark sale price in Calgary in December 2024 was $582,100, up 3.0% year over year. 1,318 homes sold against 1,238 new listings — 2.3 months of supply, a balanced market.
What happened in December 2024
Calgary recorded 1,318 sales in December 2024, 3.2% fewer than the same month a year earlier. Sellers brought 1,238 new listings to market, leaving 2,994 properties in inventory — 38.0% 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 $582,100, up 3.0% year over year and down 0.7% on the month. By property type, semi-detached homes were the strongest year over year at +8.4%, and apartment the weakest at +5.3%.
The two years to December 2024
By property type
| Type | Benchmark price | YoY | Sold | New listings | Inventory | Months of supply |
|---|---|---|---|---|---|---|
| Detached | $746,500 | +7.1% | 609 | 542 | 1,236 | 2.0 |
| Semi-detached | $677,400 | +8.4% | 124 | 100 | 247 | 2.0 |
| Row / townhouse | $446,500 | +5.7% | 228 | 244 | 477 | 2.1 |
| Apartment | $327,700 | +5.3% | 357 | 352 | 1,034 | 2.9 |
| All types | $582,100 | +3.0% | 1,318 | 1,238 | 2,994 | 2.3 |
Source: the Calgary Real Estate Board, Calgary, December 2024.
What this means for your mortgage
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