Calgary Housing Report: Unpacking the Data from September
In September 2023, the housing market in Calgary, Canada experienced significant growth. The average home price was $549,582, marking a 10% increase from the previous year and a 5.2% rise from the preceding month 1.
The city witnessed a record number of home sales with 2,441 transactions being completed 2. This figure represents a staggering increase, making headlines as it reached new heights 3. Moreover, home sales in August were 53% higher than the average of the last five years, setting another record 4.
The benchmark price for a single-family home in Calgary also saw an increase, rising by 6.8% year-over-year to $629,800 in July 2023 5. In August, the prices further increased by approximately 7.4% 6.
Despite the surge in sales, the number of homes available for sale decreased by 50% compared to the average of the past five years 7. As of October 2023, the Calgary MLS® stats indicate an average house price of $553,684 with 5,199 new listings in the last 28 days 8.
Overall, the real estate market in Calgary has continued to build wealth for property owners, with prices and sales reaching record levels.
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