Welcome to your June 2024 Calgary Real Estate Market Update! This month, we dive into the key trends and insights that are shaping the Calgary housing market. Discover the latest sales figures, pricing trends, and market dynamics. Whether you’re a first-time homebuyer, a seasoned investor, or just curious about the real estate market in Calgary, this update provides all the information you need to stay informed.
In May 2024, Calgary’s real estate market showed resilience with total resale home sales reaching 3,092, slightly down by 0.8% year-over-year but still 34% above long-term trends for May. Key highlights include a substantial increase in new listings by 18.7%, though inventory levels remain low. The benchmark price for all residential properties stands at $605,300, reflecting a robust 10% year-over-year growth.
We also provide a detailed sector-specific analysis covering detached homes, semi-detached homes, row houses, and apartment condominiums. Each sector reveals unique trends and challenges, offering valuable insights for buyers and sellers alike. Additionally, we explore regional market insights from Airdrie, Cochrane, and Okotoks, highlighting how local variations impact overall market conditions.
Looking ahead, we forecast continued resilience and dynamism in Calgary’s real estate market for the remainder of 2024. Expect strong sales volumes, moderate rises in new listings, and continued upward price movements. Whether you’re buying, selling, or investing, understanding these market dynamics is crucial.
For personalized consultations and more information, visit PlanWithMike.ca. Let’s discuss your specific needs and goals to help you navigate the Calgary real estate market with confidence. Don’t miss out—subscribe to our channel for more real estate updates!
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00:00 Introduction
00:39 Overview of Current Market Trends
01:10 Market Performance
02:34 Sector-Specific Analysis
05:09 Regional Market Insights
06:56 Forecast for Calgary’s Real Estate Market
08:45 Key Takeaways
10:00 Historical Perspective
12:13 Services Offered
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