Sales are still higher than usual for April. The increase in sales came from more affordable, high-density products. Sales in detached homes were the same as last year.
Inventory remains low. Consequently, prices continued to rise.
Lower-priced homes saw a 29% decline in supply, while higher-priced properties experienced growth in listings. This shift is attributed to high-interest rates, which are prompting demand for affordable homes and increasing listings for higher-priced ones.
*data sourced from the CREB (Calgary Real Estate Board) monthly stats
February 2024 CREB Calgary Real Estate Full Report
February 2024 CREB Calgary REGION Real Estate Full Report
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