Supply gains drive home sales increase in Calgary as benchmark price up 3.5%: CREB [Video]

The Calgary Real Estate Board says November home sales were similar to last year’s levels, as supply gains led to increased sales in detached, semi-detached and row homes on a year-over-year basis, despite fewer condominium sales.

The board says 1,797 homes changed hands last month, which was 0.8 per cent higher than November 2023 but still around 20 per cent above long-term trends. On a month-over-month basis, home sales were down 17.3 per cent from October levels, reflecting a typical drop-off in activity for this time of year.

The benchmark price across all home types was $587,900 for November, around 0.8 per cent lower than the previous month but 3.5 per cent higher than November 2023.

There were 2,326 new listings on the market last month, 4.5 per cent more than a year earlier.

The board says November inventory levels rose 45 per cent to 4,352 units compared with a …