Calgary Real Estate Market Update – December 2024
As we closed out 2024, Calgary’s housing market showcased resilience with strong performance across most segments. While December sales saw a slight dip compared to last year, the year ended on a high note, with annual trends highlighting steady price growth and improved inventory levels. Here's a detailed look at Calgary’s real estate trends for December 2024.
CREB® Calgary December 2024 stats (pdf)
CREB® December 2024 Calgary Regional Housing Market Statistics (PDF)
Key Statistics
- Sales: 1,322 homes sold (-3% year-over-year, but 20% above long-term trends).
- Inventory: 2,989 units, an improvement from last year but still below long-term trends.
- Benchmark Price: $583,300 (+0.7% year-over-year).
Property Type Insights
Detached Homes
Sales for detached homes reached 613 units, supported by improved inventory levels. Benchmark prices grew by 7% year-over-year to $747,500. The strongest price gains were observed in affordable districts like the North East and East.
Semi-Detached Homes
Semi-detached sales saw a modest 7% increase year-over-year, with benchmark prices climbing to $677,600 (+8% Y/Y). Improved inventory helped balance conditions by year-end.
Row Homes
Row home sales reached 228 units in December, with benchmark prices rising to $447,400 (+6% Y/Y). Inventory improvements helped ease pressure on prices, particularly in higher-priced segments.
Apartment Condos
Apartments accounted for 357 sales in December. Benchmark prices stood at $332,400, up 7% from last year, driven by affordability and increasing inventory.
District Highlights
| District | Benchmark Price | Year-over-Year Change |
|---|---|---|
| City Centre | $589,600 | +0.2% |
| North | $551,400 | +1.0% |
| North East | $512,100 | +4.3% |
| North West | $622,300 | +1.4% |
| West | $711,300 | +7.1% |
| East | $440,600 | +9.0% |
| South | $578,200 | +3.9% |
| South East | $575,200 | +5.7% |
Looking Ahead
As we move into 2025, supply will remain a critical factor influencing the market. With an anticipated increase in housing options and shifting economic conditions, Calgary's real estate market promises continued opportunities for both buyers and sellers.
Contact Diane Richardson
For personalized advice and expert guidance in Calgary’s real estate market, reach out to Diane Richardson at 403-397-3706 or visit www.dianerichardson.ca. Let’s make your real estate journey a success!
All information herein deemed reliable, but not guaranteed. Copyright © 2025, Diane Richardson, all rights reserved.
