The Calgary Actual Property Board says 1,322 properties modified arms final month, which was 2.9% decrease than December 2023. On a month-over-month foundation, residence gross sales had been down 26.3% from November ranges.
The benchmark worth throughout all residence varieties was $583,300 for December, round 0.8% decrease than the earlier month however 3.2% increased than December 2023.
There have been 1,239 new listings available on the market final month, 0.7% decrease than a yr earlier.
The board says general gross sales in 2024 got here simply shy of reaching final yr’s ranges, as positive factors for higher-priced properties offset pullbacks within the cheaper price ranges amid provide challenges.
CREB’s chief economist Ann-Marie Lurie says Calgary’s inhabitants positive factors in recent times have helped gross sales exercise outperform long-term developments, however gross sales would have seemingly been increased final yr had there been extra provide alternative.
This report by The Canadian Press was first revealed Jan. 2, 2025.
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Final modified: January 3, 2025