While sales have taken a dip, we have a rise in home prices and inventory for the month of May.
Home Prices
May home priced increased in both month-over-month and year-over-year numbers! We saw a 0.2% increased in home prices compared to April, and a nearly 7% jump compared to 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
In May of 2024, sales dipped by 0.8 compared to May of 2023. Inventory increased by almost 6% compared to last year.
Data provided by the Calgary Real Estate Board. For more information, visit their website.
