Inventory, sales, and home prices all saw an increase compared to 2023.
Home Prices
Home prices rose by 3.5% compared to last November, but decreased by about 0.7% in month-over-month prices.
What is a benchmark price? The benchmark price is the estimated value of a “typical” home in a community, based on the most popular combination of features, e.g. age, size, number of bedrooms and bathrooms.
Sales and Inventory
Inventory increased by 45% compared to November of 2023, sitting at 4,352 for the month. There were 1,797 sales in November this year.
Data provided by the Calgary Real Estate Board. For more information, visit their website.
