
Calgary Housing Market Update (May 2023): Why Did Sales Hit a Record?
Calgary sold 3,117 homes in May 2023 — the busiest May since at least 2014 — with inventory down 38%
Monthly Calgary (CREB) housing market updates

Calgary sold 3,117 homes in May 2023 — the busiest May since at least 2014 — with inventory down 38%

Calgary's benchmark price reached $545,100 in April 2023 with supply at just 1.2 months and homes selling in 24 days.

Calgary's benchmark price rose to $535,100 in March 2023 as supply tightened to 1.3 months and inventory sat 26% below

Calgary's benchmark price rose 2% in February 2023 to $526,500 as sales jumped 45% on the month and supply tightened

Calgary's benchmark price eased to $516,300 in January 2023 — the low point of the correction — as sales fell

Calgary closed 2022 with a benchmark price of $518,800, up 11.8% on the year despite a mid-year peak and correction.

Calgary new listings fell 26% in November 2022 to 1,611 — the lowest on record — as inventory dropped to

Calgary's benchmark price eased to $523,900 in October 2022 as sales fell 15% year-over-year, but supply tightened to 2.1 months.

Calgary's benchmark price eased to $527,400 in September 2022 as sales fell 12% — but inventory fell 21% year-over-year, keeping