May 2022 Calgary Real Estate Statistics Recap
We're all watching the news, increasing interest rates, gas prices are through the roof, inflation is at all time highs, and there seems to be no end in sight, what does this mean
for buyers and sellers looking to make a move in the Calgary real estate market? First off and foremost, if you haven't locked in rates with a mortgage broker or your bank, you're now in a position where your money simply won't go as far as it once would, but as the market continues to increase with inventory along with declines in sales, we're likely to see a real estate market that reflects the other major markets in our economy.
We saw a decrease of over 9% in sales from last month, new listings came down 6% from last month.
Rent is also seemingly out of control, with rental prices soaring, availability minimal, and demand high.
Prices still persisted though, year over year, home prices are up across the board, as high as 16.6% for a benchmark price of $648,500 in the detached market.
For sellers, you're not in a market where minimum marketing will no longer get the job done, the market is becoming balanced and we're not seeing crazy bidding wars or as many multiple offer situations. Meet and interview real estate teams and agents who will get your home in front of the most amount of buyers, who have the resources to market your home unlike anyone else.
Buyers, engage with agents who are experienced in the market, with inventory rising, now is the time to take advantage of agents who can point out the better homes, what will hurt/help resale and ensure your making a sound purchase.
Nobody can predict the market, but clearly it looks like economies around the world are struggling, while we may (and presently are) seeing markets start to deflate, it likely won't be as significant in Calgary as our market continues to be one of the most affordable places in Canada to own a home, with so much to offer, including an economy fueled by.... Fuel. :)
Statistics and information provided courtesy of the Calgary Real Estate Board ® CREB
Latest Combined Calgary Real Estate Statistics: May 2022
- Benchmark Price $546,000
- Inventory 5,200
- Sales to New Listings Ratio 72%
- Months of Inventory/Supply 1.69 Months of supply (Down 26.0% Y/Y)
May Calgary Real Estate Statistics
For optimal viewing, click the infographic to view as a PDF
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Year to Date Calgary Real Estate Statistics: May 2022
- Benchmark Price $529,180
- Sales to New Listings Ratio 74%
- Months of Inventory/Supply 1.30 Months of supply (Down 41.0% Y/Y)
DOM = Number of Days on Market
As of May 31st, 2022, the average number of days on market for all property types combined was 25 days (YTD) while the month of May saw an average DOM of 25.
MLS® Listings in Calgary (New)
As of May 31st, 2022, the total number of new active listings in the city of Calgary added to the market was 4,295 and in total there have been 19,089 YTD
Homes Sold in Calgary May 2022
The total number of homes sold for the month of May in Calgary was 3,071 which represents a 3.02% increase Y/Y. The total sales for 2022 are 16,103 which represents a 30.41% increase Y/Y.
Average Real Estate Prices in Calgary
In May 2022 the average price for a detached home in the city of Calgary was $660,124.
2022 Greater Calgary Regional Market Statistics
For best viewing, click the infographic to view as a PDF
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Specific community spotlight real estate statistics
Discovery Ridge Detached Homes
| May-22 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 4 | 28 | -30.00% |
| New Listings | 6 | 35 | -32.69% |
| Sales to New Listings Ratio | 66.67% | 80.00% | 3.08% |
| Inventory | 6 | 4 | -66.67% |
| Average Days on Market | 14 | 15 | -58.33% |
| Benchmark Price | 1,040,300 | 980,740 | 0.00% |
| Average Price | 994,000 | 1,002,404 | 14.09% |
| Median Price | 940,500 | 981,000 | 19.63% |
Cranston Detached Homes
| May-22 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 46 | 226 | 11.88% |
| New Listings | 45 | 281 | 7.66% |
| Sales to New Listings Ratio | 102.22% | 80.43% | 3.04% |
| Inventory | 33 | 32 | -31.91% |
| Average Days on Market | 19 | 13 | -53.57% |
| Benchmark Price | 678,200 | 653,020 | 0.00% |
| Average Price | 621,476 | 713,318 | 24.60% |
| Median Price | 585,000 | 650,000 | 19.87% |
Hillhurst Detached Homes
| May-22 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 6 | 33 | 0.00% |
| New Listings | 16 | 52 | -1.89% |
| Sales to New Listings Ratio | 37.50% | 63.46% | 1.20% |
| Inventory | 17 | 11 | -42.11% |
| Average Days on Market | 7 | 25 | -46.81% |
| Benchmark Price | 809,300 | 767,760 | 0.00% |
| Average Price | 1,059,622 | 929,243 | 13.58% |
| Median Price | 969,417 | 780,000 | 5.41% |
Oakridge Detached Homes
| May-22 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 8 | 31 | -3.13% |
| New Listings | 11 | 37 | -9.76% |
| Sales to New Listings Ratio | 72.73% | 83.78% | 5.73% |
| Inventory | 6 | 4 | -20.00% |
| Average Days on Market | 11 | 12 | -7.69% |
| Benchmark Price | 707,800 | 692,340 | 0.00% |
| Average Price | 847,425 | 741,219 | 13.17% |
| Median Price | 844,950 | 700,000 | 19.15% |
Tuscany Detached Homes
| May-22 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 24 | 152 | -18.28% |
| New Listings | 32 | 187 | -23.67% |
| Sales to New Listings Ratio | 75.00% | 81.28% | 5.36% |
| Inventory | 25 | 18 | -50.00% |
| Average Days on Market | 16 | 10 | -41.18% |
| Benchmark Price | 645,800 | 629,400 | 0.00% |
| Average Price | 684,477 | 675,483 | 16.17% |
| Median Price | 646,728 | 639,950 | 18.67% |
Vista Heights Detached Homes
Connect with our team if you're thinking about selling in this community, we've commanded some of the highest sale prices recently with our advanced marketing and buyer generating programs. We sold this bungalow for not much below list price ($520,000) in April, generating thousands of viewers on our social media and real estate websites.
| May-22 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | Insufficient Data | 14 | 40.00% |
| New Listings | Insufficient Data | 13 | 18.18% |
| Sales to New Listings Ratio | Insufficient Data | 107.69% | 16.78% |
| Inventory | Insufficient Data | 1 | -50.00% |
| Average Days on Market | Insufficient Data | 28 | 7.69% |
| Benchmark Price | Insufficient Data | 454,280 | 0.00% |
| Average Price | Insufficient Data | 435,371 | 2.10% |
| Median Price | Insufficient Data | 429,000 | 0.87% |
Nolan Hill Detached Homes
| May-22 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 14 | 82 | 30.16% |
| New Listings | 17 | 105 | 29.63% |
| Sales to New Listings Ratio | 82.35% | 78.10% | 0.32% |
| Inventory | 20 | 13 | 8.33% |
| Average Days on Market | 29 | 15 | -21.05% |
| Benchmark Price | 675,500 | 638,000 | 0.00% |
| Average Price | 706,442 | 727,199 | 30.42% |
| Median Price | 692,500 | 721,750 | 33.66% |
May 2022 Total Sales in Calgary
| May-22 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 3,072 | 15,873 | 30.90% |
| New Listings | 4,294 | 21,503 | 14.52% |
| Sales to New Listings Ratio | 71.54% | 73.82% | 9.24% |
| Inventory | 5,200 | 4,142 | -22.87% |
| Average Days on Market | 25 | 25 | -32.43% |
| Benchmark Price | 546,000 | 529,180 | 0.00% |
| Average Price | 519,920 | 532,127 | 6.14% |
| Median Price | 478,500 | 495,000 | 10.00% |
City Centre Calgary Statistics
| May-22 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 525 | 2,876 | 23.91% |
| New Listings | 921 | 4,454 | -5.72% |
| Sales to New Listings Ratio | 57.00% | 64.57% | 15.44% |
| Inventory | 1,567 | 1,311 | -30.78% |
| Average Days on Market | 34 | 39 | -23.53% |
| Benchmark Price | 595,600 | 577,540 | 0.00% |
| Average Price | 570,181 | 591,429 | -2.78% |
| Median Price | 455,000 | 511,000 | -4.49% |
North Calgary Statistics
| May-22 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 384 | 2,142 | 44.44% |
| New Listings | 516 | 2,731 | 31.11% |
| Sales to New Listings Ratio | 74.42% | 78.43% | 7.23% |
| Inventory | 496 | 378 | -20.92% |
| Average Days on Market | 21 | 19 | -40.63% |
| Benchmark Price | 513,000 | 494,540 | 0.00% |
| Average Price | 492,088 | 505,776 | 16.32% |
| Median Price | 479,650 | 500,000 | 16.77% |
Northeast Calgary Statistics
| May-22 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 393 | 1,986 | 75.44% |
| New Listings | 561 | 3,203 | 68.31% |
| Sales to New Listings Ratio | 70.05% | 62.00% | 2.51% |
| Inventory | 889 | 682 | 29.90% |
| Average Days on Market | 32 | 25 | -32.43% |
| Benchmark Price | 434,100 | 420,000 | 0.00% |
| Average Price | 432,784 | 424,030 | 15.81% |
| Median Price | 420,000 | 415,050 | 13.09% |
East Calgary Statistics
| May-22 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 106 | 478 | 52.23% |
| New Listings | 142 | 642 | 19.55% |
| Sales to New Listings Ratio | 74.65% | 74.45% | 15.98% |
| Inventory | 175 | 134 | -11.84% |
| Average Days on Market | 27 | 29 | -17.14% |
| Benchmark Price | 339,700 | 332,720 | 0.00% |
| Average Price | 324,298 | 329,447 | 11.45% |
| Median Price | 337,750 | 350,000 | 11.82% |
Southeast Calgary Statistics
| May-22 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 481 | 2,286 | 28.00% |
| New Listings | 559 | 2,755 | 19.26% |
| Sales to New Listings Ratio | 86.05% | 82.98% | 5.66% |
| Inventory | 439 | 351 | -29.38% |
| Average Days on Market | 20 | 18 | -43.75% |
| Benchmark Price | 538,400 | 517,220 | 0.00% |
| Average Price | 502,792 | 514,260 | 11.43% |
| Median Price | 480,000 | 500,000 | 14.94% |
South Calgary Statistics
| May-22 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 564 | 2,657 | 23.24% |
| New Listings | 729 | 3,348 | 13.96% |
| Sales to New Listings Ratio | 77.37% | 79.36% | 5.98% |
| Inventory | 670 | 500 | -25.37% |
| Average Days on Market | 20 | 20 | -35.48% |
| Benchmark Price | 529,200 | 511,640 | 0.00% |
| Average Price | 515,328 | 507,628 | 9.13% |
| Median Price | 515,500 | 510,000 | 14.61% |
West Calgary Statistics
| May-22 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 283 | 1,660 | 18.49% |
| New Listings | 388 | 2,062 | -1.53% |
| Sales to New Listings Ratio | 72.94% | 80.50% | 13.59% |
| Inventory | 453 | 384 | -38.56% |
| Average Days on Market | 24 | 27 | -30.77% |
| Benchmark Price | 653,000 | 641,420 | 0.00% |
| Average Price | 621,066 | 661,571 | 5.01% |
| Median Price | 589,000 | 630,000 | 5.62% |
Northwest Calgary Statistics
| May-22 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 335 | 1,774 | 16.86% |
| New Listings | 469 | 2,272 | 5.14% |
| Sales to New Listings Ratio | 71.43% | 78.08% | 7.83% |
| Inventory | 488 | 379 | -26.26% |
| Average Days on Market | 24 | 23 | -28.13% |
| Benchmark Price | 582,500 | 563,560 | 0.00% |
| Average Price | 583,952 | 578,230 | 11.25% |
| Median Price | 568,000 | 577,000 | 15.24% |
Airdrie Real Estate Statistics
| May-22 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 269 | 1,386 | 30.88% |
| New Listings | 319 | 1,677 | 26.28% |
| Sales to New Listings Ratio | 84.33% | 82.65% | 2.91% |
| Inventory | 274 | 221 | -26.82% |
| Average Days on Market | 19 | 16 | -52.94% |
| Benchmark Price | 506,000 | 491,220 | 0.00% |
| Average Price | 459,856 | 488,673 | 18.85% |
| Median Price | 460,000 | 489,700 | 20.17% |
Calgary Detached Homes Statistics
| May-22 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 1,620 | 8,789 | 14.62% |
| New Listings | 2,221 | 12,081 | 11.88% |
| Sales to New Listings Ratio | 72.94% | 72.75% | 1.74% |
| Inventory | 2,552 | 1,962 | -18.25% |
| Average Days on Market | 22 | 18 | -40.00% |
| Benchmark Price | 648,500 | 627,380 | 0.00% |
| Average Price | 660,124 | 664,348 | 12.93% |
| Median Price | 595,000 | 605,000 | 16.35% |
Calgary Semi-Detached Homes Statistics
| May-22 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 265 | 1,411 | 21.12% |
| New Listings | 353 | 1,849 | 10.65% |
| Sales to New Listings Ratio | 75.07% | 76.31% | 6.59% |
| Inventory | 401 | 346 | -23.79% |
| Average Days on Market | 24 | 24 | -36.84% |
| Benchmark Price | 584,700 | 563,620 | 0.00% |
| Average Price | 542,025 | 563,845 | 10.83% |
| Median Price | 485,000 | 508,000 | 19.53% |
Calgary Row Home Statistics
| May-22 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 556 | 2,710 | 65.85% |
| New Listings | 772 | 3,492 | 30.15% |
| Sales to New Listings Ratio | 72.02% | 77.61% | 16.71% |
| Inventory | 831 | 632 | -27.85% |
| Average Days on Market | 24 | 26 | -44.68% |
| Benchmark Price | 363,300 | 347,220 | 0.00% |
| Average Price | 363,423 | 361,022 | 10.71% |
| Median Price | 355,000 | 350,000 | 16.67% |
Calgary Condominium Statistics
| May-22 | YTD* | Y/Y% † | |
|---|---|---|---|
| Sales | 631 | 2,963 | 78.60% |
| New Listings | 948 | 4,081 | 12.58% |
| Sales to New Listings Ratio | 66.56% | 72.60% | 26.83% |
| Inventory | 1,416 | 1,200 | -26.83% |
| Average Days on Market | 34 | 43 | -25.86% |
| Benchmark Price | 275,300 | 264,460 | 0.00% |
| Average Price | 288,580 | 281,315 | 5.41% |
| Median Price | 254,000 | 250,000 | 7.53% |
*Year-To-Date as of June 1, 2022
†Year-To-Date, year over year percent change.
‡Calgary Census Metropolitan Area includes Calgary, Airdrie, and Rocky View
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