The housing market in Calgary saw positive changes for the month of June. Here is a brief overview of the market statistics for the month!
June 2023
Home Prices
Home prices in June increased by 1% month-over-month and by 4.4% year-over-year, reaching a benchmark price of $564,000.
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 saw a nearly 11% increase in year-over-year prices, reaching 3,147. Inventory for June dipped by about 36% compared to 2022, sitting at 3,458.
Conclusion
While there was a decrease in inventory, a positive yearly incline in sales and home prices was evident for the month of June in Calgary.
Data provided by the Calgary Real Estate Board. For more information, visit their website.
