Real Estate Statistics February 2024
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February 2024 Calgary Real Estate Statistics Recap
Explore the dynamic shifts in Calgary's real estate landscape with our latest blog dissecting the February 2024 statistics. Sales surged to 2,135 units, a significant 23% increase over last year, fueled by a peak in new listings at 2,711 units. Notably, homes under $500,000 faced a 31% drop in inventory, while higher-priced homes saw increased supply, hinting at balanced conditions in the upper end market.
Ann-Marie Lurie, Chief Economist at CREB®, notes that while the influx of listings expands buyer options, it does little to alleviate supply challenges, driving prices upward. With a tight inventory of just over one month's supply, the market continues its upward trajectory,…
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