Calgary Home Sales Drop 17.6% in September Amid Surge in High-Priced Listings
The Calgary Real Estate Board reports a significant increase in new listings, particularly in higher price ranges, contributing to a more balanced market.
- September home sales in Calgary fell to 2,003, a 17.6% decline from last year's record levels.
- Despite the drop, sales remained around 16% higher than long-term trends for September.
- The benchmark price across all home types was $596,900, up 5.5% from September 2023 but slightly lower than the previous month.
- New listings reached 3,687, the highest September total since 2008, driven largely by higher-priced properties.
- Inventory levels increased by 49.7% from last year to 5,064 units, moving the market towards more balanced conditions, though still favoring sellers.
The Canadian Press 
