May 2023 Calgary Real Estate Statistics Recap

Are you ready for some interesting Calgary real estate statistics?! We've got the inside scoop on what's happening in the market in May 2023, and you won't want to miss it! Whether you're a seasoned buyer or a first-time seller, these stats are a must-read for anyone interested in the Calgary real estate scene.

So, what's the current state of the Calgary real estate market? Are home prices skyrocketing, or are they more affordable than ever? How many new listings are hitting the market, and is now a good time to buy or sell? We've got all the answers and more, so buckle up and get ready for a wild ride through the Calgary real estate market.

From stunning homes in the heart of the city to sprawling estates in the suburbs, the Calgary real estate market has something for everyone with our expert analysis and in-depth statistics, you'll be able to navigate the market with ease and confidence.

So, what are you waiting for? Dive into our blog on Calgary Real Estate Statistics for May 2023, and discover the latest trends, insights, and insider information that will give you a competitive edge in the market. 

Latest Combined Calgary Real Estate Statistics: May 2023

  • Benchmark Price $557,000
  • Inventory 3,207
  • Sales to New Listings Ratio 85%
  • Months of Inventory/Supply  1.03 Months of supply (Down 40% Y/Y)

Year to Date Calgary Real Estate Statistics: May 2023

  • Benchmark Price $539,180
  • Sales to New Listings Ratio N/A
  • Months of Inventory/Supply 1.33  Months of supply (Up 2% Y/Y) 

DOM = Number of Days on Market 

As of May 6th 2023, the average number of days on market for all property types combined was 28 days (YTD) while the month of May saw an average DOM of 24


MLS® Listings in Calgary (New) 

As of May 6th 2023, the total number of new active listings in the city of Calgary added to the market was 3,652 and in total there have been 14,336 YTD 


Homes Sold in Calgary May 2023

The total number of homes sold for the month of May in Calgary was 3,120 this represents a 1.86% increase Y/Y. The total sales for 2023 are 11,171 which represents a 29.52% decrease Y/Y.  


Average Real Estate Prices in Calgary 

In May 2023 the average price for a detached home in the city of Calgary was $732,321

Specific community spotlight real estate statistics 

Cranston Detached Homes Statistics 

 May-6YTD*Y/Y% †
Sales 35 176 -33.08%
New Listings 42 233 -27.41%
Inventory 39 38 18.75%
Sales To New Listings Ratio 83.33% 75.54% -7.80%
Benchmark Price 700,000 672,983 3.10%
Median Price 640,000 657,450 1.95%
Average Price 699,806 706,397 -1.57%
Average Days on Market 19 23 53.33%

 

Braeside Detached Homes Statistics 

 May-6YTD*Y/Y% †
Sales 11 29 -21.62%
New Listings 13 34 -30.61%
Inventory 5 2 -50.00%
Sales To New Listings Ratio 84.62% 85.29% 12.95%
Benchmark Price 584,600 565,833 3.90%
Median Price 575,000 572,000 6.92%
Average Price 562,850 589,222 8.48%
Average Days on Market 11 12 -14.29%

 

Whitehorn Detached Homes Statistics 

 May-6YTD*Y/Y% †
Sales 10 59 -10.61%
New Listings 14 70 -43.55%
Inventory 9 9 -60.87%
Sales To New Listings Ratio 71.43% 84.29% 58.35%
Benchmark Price 497,900 473,216 8.01%
Median Price 472,500 450,000 0.11%
Average Price 468,500 453,444 -0.06%
Average Days on Market 21 24 -4.00%

 

Tuscany Detached Homes Statistics

 May-6YTD*Y/Y% †
Sales 29 122 -33.33%
New Listings 26 145 -31.92%
Inventory 14 14 -22.22%
Sales To New Listings Ratio 111.54% 84.14% -2.07%
Benchmark Price 708,100 678,650 5.53%
Median Price 665,000 662,000 5.08%
Average Price 736,603 705,193 5.93%
Average Days on Market 12 12 9.09%

 

Altadore Detached Homes Statistics

 May-6YTD*Y/Y% †
Sales 8 50 -3.85%
New Listings 9 74 -10.84%
Inventory 19 20 33.33%
Sales To New Listings Ratio 88.89% 67.57% 7.85%
Benchmark Price 1,068,200 1,000,966 3.14%
Median Price 1,120,000 1,135,000 13.50%
Average Price 1,122,188 1,158,652 -0.42%
Average Days on Market 33 37 76.19%

 


2023 Greater Calgary Regional Market Statistics

City Centre Calgary Statistics

 May-23YTD*Y/Y% †
Sales 709 3,186 -4.72%
New Listings 906 4,695 -11.83%
Inventory 1,220 1,102 -19.33%
Sales To New Listings Ratio 78.26% 67.86% 8.06%
Benchmark Price 599,300 583,850 0.98%
Median Price 423,000 431,000 -13.80%
Average Price 559,807 568,204 -3.37%
Average Days on Market 31 35 -7.89%

 

North Calgary Statistics

 May-23YTD*Y/Y% †
Sales 371 1,678 -33.28%
New Listings 455 1,990 -37.95%
Inventory 288 247 -38.56%
Sales To New Listings Ratio 81.54% 84.32% 7.52%
Benchmark Price 536,100 514,283 3.79%
Median Price 525,000 490,000 -0.51%
Average Price 518,392 496,196 -0.98%
Average Days on Market 16 21 10.53%

 

Northeast Calgary Statistics

 May-23YTD*Y/Y% †
Sales 402 1,792 -22.56%
New Listings 512 2,203 -41.03%
Inventory 420 362 -49.23%
Sales To New Listings Ratio 78.52% 81.34% 31.32%
Benchmark Price 464,600 443,966 5.38%
Median Price 460,250 437,700 5.47%
Average Price 457,348 439,822 4.63%
Average Days on Market 22 30 15.38%

 

East Calgary Statistics

 May-23YTD*Y/Y% †
Sales 103 425 -25.31%
New Listings 122 504 -35.63%
Inventory 85 74 -47.52%
Sales To New Listings Ratio 84.43% 84.33% 16.05%
Benchmark Price 383,800 356,583 8.19%
Median Price 395,000 377,000 9.28%
Average Price 384,056 352,843 8.36%
Average Days on Market 17 24 -17.24%

 

Southeast Calgary Statistics

 May-23YTD*Y/Y% †
Sales 374 1,779 -34.01%
New Listings 447 2,088 -36.26%
Inventory 298 286 -23.53%
Sales To New Listings Ratio 83.67% 85.20% 3.52%
Benchmark Price 549,200 530,150 2.84%
Median Price 545,000 508,000 3.09%
Average Price 567,507 528,815 3.23%
Average Days on Market 20 24 26.32%

 

South Calgary Statistics

 May-23YTD*Y/Y% †
Sales 374 1,779 -34.01%
New Listings 447 2,088 -36.26%
Inventory 298 286 -23.53%
Sales To New Listings Ratio 83.67% 85.20% 3.52%
Benchmark Price 549,200 530,150 2.84%
Median Price 545,000 508,000 3.09%
Average Price 567,507 528,815 3.23%
Average Days on Market 20 24 26.32%

 

West Calgary Statistics

 May-23YTD*Y/Y% †
Sales 292 1,381 -28.89%
New Listings 414 1,834 -24.53%
Inventory 370 297 -25.38%
Sales To New Listings Ratio 70.53% 75.30% -5.78%
Benchmark Price 685,900 653,650 2.46%
Median Price 661,000 635,000 0.79%
Average Price 709,333 680,656 2.23%
Average Days on Market 18 23 -17.86%

 

Northwest Calgary Statistics

 May-23YTD*Y/Y% †
Sales 362 1,570 -25.34%
New Listings 416 1,932 -29.07%
Inventory 306 277 -31.60%
Sales To New Listings Ratio 87.02% 81.26% 5.26%
Benchmark Price 607,400 585,550 3.79%
Median Price 615,000 600,000 4.71%
Average Price 607,962 597,394 4.25%
Average Days on Market 20 23 4.55%

 

Airdrie Real Estate Statistics

 May-23YTD*Y/Y% †
Sales 221 954 -41.33%
New Listings 245 1,171 -40.89%
Inventory 191 180 -18.55%
Sales To New Listings Ratio 90.20% 81.47% -0.74%
Benchmark Price 511,100 493,366 1.44%
Median Price 515,000 480,000 -1.03%
Average Price 505,035 487,628 1.14%
Average Days on Market 20 25 47.06%

 

Calgary Detached Homes Statistics

 May-23YTD*Y/Y% †
Sales 1,525 6,809 -33.60%
New Listings 1,950 8,853 -37.80%
Inventory 1,660 1,434 -31.09%
Sales To New Listings Ratio 78.21% 76.91% 6.75%
Benchmark Price 685,100 655,266 4.15%
Median Price 650,000 642,000 6.73%
Average Price 730,882 715,982 7.69%
Average Days on Market 20 24 26.32%

 

Calgary Semi-Detached Homes Statistics

 May-23YTD*Y/Y% †
Sales 240 1,221 -25.09%
New Listings 319 1,476 -31.79%
Inventory 267 258 -28.13%
Sales To New Listings Ratio 75.24% 82.72% 9.82%
Benchmark Price 613,100 585,566 3.83%
Median Price 559,500 540,000 7.20%
Average Price 627,790 605,346 7.97%
Average Days on Market 19 27 12.50%

 


Calgary Row Home Statistics

 May-23YTD*Y/Y% †
Sales 524 2,348 -28.04%
New Listings 609 2,755 -33.55%
Inventory 425 379 -42.49%
Sales To New Listings Ratio 86.04% 85.23% 8.30%
Benchmark Price 400,000 378,100 9.22%
Median Price 395,198 383,950 9.70%
Average Price 409,919 398,357 10.70%
Average Days on Market 19 24 -7.69%

 

Calgary Condominium Statistics 

 May-23YTD*Y/Y% †
Sales 856 3,935 11.19%
New Listings 1,061 5,197 3.73%
Inventory 1,118 991 -20.91%
Sales To New Listings Ratio 80.68% 75.72% 7.19%
Benchmark Price 303,200 289,766 11.29%
Median Price 279,500 271,000 8.40%
Average Price 301,964 298,820 6.30%
Average Days on Market 28 31 -26.19%

*Year-To-Date as of May 23, 2023
†Year-To-Date, year over year percent change.

‡Calgary Census Metropolitan Area includes Calgary, Airdrie, and Rocky View

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$1,590,000

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8 Beds 5 Baths 3,097 SqFt Residential MLS® # A2121493

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$1,175,000

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$999,995

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