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      Market Statistics and Forecast • Market Statistics and Forecast • Market Statistics and Forecast • 3 May 2024

      Calgary Market Report for March 2024

      by Tom Davis

      Calgary Real Estate Market
         March Snapshot

“Strong Sellers Market Conditions With Continued Tight Inventory and Price Increases in All Categories.”

• 2,664 Sales, which is 10% higher than last March, and much higher than long term trends. 
• 3,172 new listings is well below typical March.
• Buyers are acting quickly with new homes coming to market, preventing overall inventory increase. 
• Overall Benchmark price increased to $597,600, an increase of 11% over last year. 
• Detached Benchmark price increased to $739,700.
• Available Inventory now stands at just under 1 month based upon ongoing high demand vs available properties for sale. 

This is a challenging market. 
Let’s discuss how Market conditions impact your personal selling/buying needs.

      Related Articles
      Market Statistics and Forecast Calgary Real Estate Report April 2024
      Calgary Real Estate Market- February Summary Calgary Real Estate Market, February Snapshot • 2,135 Sales, which is 23% higher than last February. • 2,711 new listings supported this increase in Sales. • Buyers are acting quickly with new homes coming to market, preventing overall inventory increase. • Benchmark price for detached homes increased to $585,000, 10% higher than this time last […]
      Calgary Real Estate Market- January 2024 Summary https://www.linkedin.com/posts/tom-davis-a07bb9b2_no-change-to-trendsetting-interest-rate-activity-7155982712527278080-TRYt?utm_source=share&utm_medium=member_desktop

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