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Calgary home sales down in December but still above long-term trends: board

Calgary home sales declined in December from the previous year’s levels but remained nearly 20% higher than long-term trends.

Calgary home sales December

The Calgary Real Estate Board says 1,322 homes changed hands last month, which was 2.9% lower than December 2023. On a month-over-month basis, home sales were down 26.3% from November levels.

The benchmark price across all home types was $583,300 for December, around 0.8% lower than the previous month but 3.2% higher than December 2023.

There were 1,239 new listings on the market last month, 0.7% lower than a year earlier.

The board says overall sales in 2024 came just shy of reaching last year’s levels, as gains for higher-priced homes offset pullbacks in the lower price ranges amid supply challenges.

CREB’s chief economist Ann-Marie Lurie says Calgary’s population gains in recent years have helped sales activity outperform long-term trends, but sales would have likely been higher last year had there been more supply choice.

This report by The Canadian Press was first published Jan. 2, 2025.

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Last modified: January 3, 2025

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