Real Estate Market Report | Calgary | December 2024
Defying The Limits
Home buyers continue to purchase in Calgary – due to the strong economy as well as an increase in migration. The strongest market in Canada continues to see significant demand primarily in apartments in attached homes.
We help provide home buyers and sellers with the data they need to be successful. When you have access to accurate and relevant data, you can be more confident in setting the price of your home and selling it or buying at the right price.
With many important factors to consider (what kind of home you have, what community etc.), it’s important to look specifically at what the housing market is doing in your neighbourhood.
Bōdesellers are more successful and actually make more money, on average, than the rest of the market. We are also here to make sure you have the information you need to make the decisions that are right for YOU!
Calgary's Real Estate Market Data: Listings, Sales & Comparables
Let’s start with a Macroeconomics view
To understand what’s happening in the real estate market you have to look at supply and demand.
The best proxies for supply and demand are:
Supply
New supply: New Listings (i.e. the number of homes recently listed for sale)
Total supply: Inventory (i.e. the total number of homes listed for sale)
Demand
Sales (i.e. the number of homes recently sold)
Supply & Demand
Months of Supply (i.e. the number of months it would take to sell all current inventory at the current rate of sale)
These metrics are the best indicators of the health of the real estate market. Let’s look at what they show us.
The Calgary market continues its dynamic growth, with new listings up by 18% compared to the same period over the last five years. Sales increased by 2%, while inventory climbed by 12%. The months of supply rose by 7%, indicating slightly easing pressure on buyers. The benchmark price reached $575,600, a testament to Calgary’s solid market position, with consistent demand balancing increased supply.
Calgary's Detached Homes
Detached homes faced a 7% decline in sales compared to the five-year average. Despite this, new listings rose by 8%, and inventory grew by 8%, pushing months of supply up by 12%. The benchmark price held strong at $680,200, indicating continued buyer interest in Calgary’s suburban and family-friendly markets.
Calgary's Apartments
Calgary’s apartment sector saw notable growth, with new listings up 27% and sales increasing by 8%. Inventory rose by 20%, yet months of supply decreased by 6%, reflecting a competitive market. The benchmark price reached $342,300, appealing to investors and first-time buyers capitalizing on affordability and rental market strength.
Calgary's Attached Homes
Attached homes outperformed other segments, with new listings and sales increasing by 28% and 16%, respectively. Inventory rose by 10%, yet months of supply dropped by 8%, signaling heightened demand. The benchmark price climbed to $463,100, showcasing this segment’s appeal to buyers seeking affordability and space.
It’s critical to understand the dynamics in your local property market
To understand your local property market you need to look at your local data. Head over to Bōde’s new and improved Market Data dashboard, the only place where you can see all the data yourself, including being able to filter on community, property type, and price range to see exactly what’s happening where you live.
You can also see the sold price of any home that has sold in the last 2 years using Bode’s Sold Data page.
If you’re thinking about selling, take a look at how Bōde helps sellers sell for 1.3% higher prices while paying 50% less commission.
Want to Buy or Sell Your Home easily?
Welcome to Bōde
Bōde has created a marketplace to allow you to get transparent home data, set your price, and list your home on MLS (and 1000+ more sites). We will advertise your home and walk you through the whole sale process for 1% up to a maximum of $10K, only when the home sells.
Looking to buy? Bōde empowers buyers to purchase any Bōde property – for no charge.
With your free Bōde account, you don’t need an agent – you are completely in charge of your home sale or purchase and get to keep more of the money you invested in your home!
Get started at bode.ca
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