Meaningful increased in sales, inventory, and home prices occurred in October!
Home Prices
Home prices rose by 4.5% compared to 2023 and dipped by about 0.7% in month-over-month prices.
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
Inventory rose by nearly 55% compared to October of 2023, sitting at 4,966 for 2024. There were 2,174 sales in October this year.
Data provided by the Calgary Real Estate Board. For more information, visit their website.
