July 2023 Real Estate Market Stats in Calgary

July 2023 Real Estate Market Stats in Calgary

Meaningful increases impacted home prices and sales for the month of July, while inventory fell short when comparing year-over-year numbers.

2023 Market Statistics 15

Home Prices

Home prices in July increased by 0.4% month-over-month and by nearly 6% year-over-year, reaching a benchmark price of $567,000.

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

Sales for the month increased by nearly 18% compared to last July, coming in at 2,647 for July of 2023. Inventory for the month was 3,488, which is almost 25% less than last year.

Data provided by the Calgary Real Estate Board. For more information, visit their website.

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