The May 2022 market stats in Calgary are in – let’s take a quick look at some of the numbers for the month.
Home Prices
The benchmark selling price for May was $546,000. Although there was a minor 3.8% increase in month-over-month prices, May saw a considerate increase of 14.5% from 2021 to 2022.
What is a benchmark price? The benchmark price is the estimated value of a “typical” home in a community, based on the most popular combination of features, e.g. age, size, number of bedrooms and bathrooms.
Sales and Inventory
May 2022 had 5,200 real estate sales, which is approximately 3.%$ more than 2021. The inventory for the month sits at 3,071, roughly 23.4% less than last year.
Conclusion
The market in May had, overall, notable increases in home prices, inventory, and sales.
Data provided by the Calgary Real Estate Board. For more information, visit their website.
