Calgary's home sales fell 2.9% year-over-year in December, but prices rose 3.2% to $583,300.

Calgary's home sales in December 2023 were 2.9% lower than the previous year but still 20% higher than long-term trends, with 1,322 homes sold. The benchmark price was $583,300, a 3.2% increase from December 2022. Despite a 0.7% decrease in new listings, sales were bolstered by higher-priced homes, offsetting a drop in lower-price range sales due to supply issues. CREB's chief economist noted that population growth supported sales, but more housing variety could have boosted sales further.

3 months ago
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