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.
Alberta Ann-Marie Lurie Calgary calgary home prices calgary home sales Calgary Real Estate Board Canadian Real Estate CREB Prairies real estate Regional
Last modified: January 3, 2025