November 2023 Real Estate Market Stats in Calgary

While inventory declined for the month, November saw increases in home prices and sales. Here is a look at the November market stats in Calgary!

2023 Market Statistics

Home Prices

November’s benchmark sales price rang in at $572,700, which increased by nearly 11% compared to 2022, and by 0.4% compared to the previous month.

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 in November increased be almost 9% compared to last year, reaching 2,787 for 2023. Inventory saw a 4% decline compared to last year, sitting at 2,989 for the month.

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

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