May 2023 Real Estate Market Stats in Calgary

Calgary’s housing market made encouraging increases for the month of May! As CREA notes that while “the monthly gains have not outweighed earlier declines, this does reflect a shift from the declines reported at the start of the year.”

May 2023

May 2023 Calgary Market Stats

Home Prices

May’s home prices increased by over 1% month-over-month and by 2.6% in year-over-year, reaching $557,000 for May 2023.

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 2% increase in year-over-year prices, coming in at 3,120 for the month. Inventory for May decreased by just over 38% compared to 2022, sitting at 3,207.


While fewer listings are on the market, we are seeing meaningful increases in home prices and sales, which is a significant shift from earlier this year.

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

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