March 2024 Calgary Real Estate Statistics Recap

Explore the shifting landscape of Calgary's real estate market as we dive into the March 2024 statistics. February 2024 statistics March saw a surge in sales, reaching 2,664 units, marking a 10% increase compared to last year, surpassing long-term trends. Although new listings slightly increased to 3,172 units from the previous month, they remained below March averages, failing to impact the supply situation significantly. With the sales-to-new listings ratio hitting 84%, and months of supply falling below one month, the market hasn't experienced such tight conditions since 2006, coinciding with high levels of interprovincial migration.

Ann-Marie Lurie, Chief Economist at CREB®, notes that the market…

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