MAY 2024 CALGARY AND REGION REAL ESTATE MARKET REPORTS

The month of May showed a resilient market with strong resale home sales, slightly below last year's record but well above long-term trends. Sales declined in lower-priced detached and semi-detached homes due to limited supply. According to Ann-Marie Lurie, Chief Economist at CREB®, new listing inventories have increased, mainly in higher price ranges, supported by a strong economy. However, these did not offset the decline in lower-priced sales. Inventory levels, though improved, remain low, favoring sellers. Price growth continued city-wide, with the benchmark price rising compared to both last month and last year.

*data sourced from the CREB (Calgary Real Estate Board) monthly stats

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