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Calgary December 2024 Housing Market Report
Dated: January 3 2025
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Calgary December 2024 Housing Market Report: Insights for Buyers and Sellers
Calgary's real estate market ended 2024 on a strong note, showcasing resilience with steady price growth and sustained demand. Whether you’re a homebuyer, seller, or real estate investor, understanding these trends is vital.
Calgary Real Estate Market Sales and Inventory
In December 2024, Calgary recorded 1,322 home sales, a slight 3% decrease compared to December 2023. However, sales activity remains nearly 20% higher than long-term trends, indicating the ongoing strength of the Calgary housing market.
Improved Inventory Levels
Calgary's housing inventory climbed to 2,989 units in December, providing relief for buyers in the competitive real estate market. New listings and increased construction have contributed to these gains, supporting the Calgary real estate market moving into 2025.
Calgary Home Prices: A Year-Over-Year Increase
The Calgary real estate market 2024 showed price growth across all property types. In December, the total residential benchmark price reached $583,300, a 3.2% increase from the previous year.
- Detached Homes: Benchmark price rose to $747,500 (+7.2% YoY).
- Semi-Detached Homes: Reached $677,600 (+5.9% YoY).
- Row Houses: Increased to $447,400 (+3.2% YoY).
- Calgary Apartments/Condos: Climbed to $332,400 (+6.8% YoY).
These trends highlight Calgary's real estate investment opportunities for potential buyers and investors.
What to Expect in 2025
As 2025 begins, the Calgary housing market forecast shows that supply challenges persist, especially in lower-priced segments. While inventory levels improved in late 2024, they remain below long-term averages.
The Calgary Real Estate Board (CREB®) will release its 2025 forecast on January 21, offering insights into trends, risks, and opportunities for the upcoming year.
Conclusion: Why Calgary Real Estate Stands Out
Calgary's housing market remains a prime destination for homebuyers and investors. With steady growth in home values and an improving inventory, Calgary continues to be a strong market for those seeking real estate opportunities in Canada.
For more detailed statistics and analysis, visit the Calgary Real Estate Board's official website: CREB® December 2024 Stats.
Jinder Sidhu
Looking for a top-rated Calgary Realtor with a track record of success? Jinder Sidhu is your trusted expert in the Calgary real estate market, offering unparalleled service to buyers and sellers alike....
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