Market update archive
Calgary real estate market update: April 2024
From our archive of monthly updates: CREB®’s official numbers for the City of Calgary for April 2024, in plain language.
This is our archived report for April 2024. CREB®’s figures are shown as they were published at the time. Newer numbers are available: see the latest Calgary market update.
Calgary Real Estate Board (CREB®) statistics for April 2024, released May 1, 2024.
April at a glance
- Sales2,881+7.26% vs. April 2023
- New listings3,491+11.46% vs. April 2023
- Homes for sale (inventory)2,711−16.17% vs. April 2023
- Months of supply0.941.20 a year ago
- Benchmark price$603,700+9.92% vs. April 2023
- Average days on market2024 a year ago
Source: CREB®, City of Calgary Monthly Statistics Package, April 2024.
| City of Calgary, all residential | April 2023 | April 2024 | Change (CREB®) |
|---|---|---|---|
| Sales | 2,686 | 2,881 | +7.26% |
| New listings | 3,132 | 3,491 | +11.46% |
| Inventory (homes for sale) | 3,234 | 2,711 | −16.17% |
| Months of supply | 1.20 | 0.94 | −21.85% |
| Sales-to-new-listings ratio | 85.76% | 82.53% | −3.23 pts |
| Benchmark price | $549,200 | $603,700 | +9.92% |
| Median price | $500,940 | $565,500 | +12.89% |
| Average price | $548,583 | $608,415 | +10.91% |
| Average days on market | 24 | 20 | −14.38% |
| Sale price as % of list price | 100.30% | 101.89% | +1.60 pts |
Source: CREB®, City of Calgary Monthly Statistics Package, April 2024, page 5 [1]. Change is CREB®’s year-over-year change; for the two ratios it is the change in percentage points.
From January to April 2024, 9,325 homes sold in Calgary, 15.91% more than in the same months of 2023 (8,045) [1].
What these numbers mean. The benchmark price is CREB®’s price for a “typical” home and is the best number for tracking price trends, because the median and average move with the mix of homes that happen to sell in a month. Months of supply is how long today’s inventory would last at the current pace of sales. A lower number usually means a tighter market for buyers.
What CREB® reported
CREB®’s headline for April 2024: “Price growth persists in Calgary as seller’s market prevails” (news release, May 1, 2024) [2].
CREB® reported April sales up seven per cent from a year earlier and 37 per cent above long-term trends, with much of the growth in more affordable, higher-density homes. New listings rose 11 per cent, which kept inventory from tightening further, but it was still 16 per cent below last year and about half the usual April level. [2]
By type of home
Benchmark price by property type
City of Calgary, April 2024
Benchmark price vs. April 2023
Change from a year earlier
Sales by property type
City of Calgary, April 2024 (change vs. April 2023)
Months of supply by property type
City of Calgary, April 2024
City, all homes: 0.94
| April 2024, City of Calgary | Benchmark price | vs. April 2023 | Sales | Sales vs. April 2023 | Months of supply |
|---|---|---|---|---|---|
| Detached | $749,000 | +13.06% | 1,321 | +1.38% | 0.92 |
| Semi-detached | $668,400 | +12.91% | 255 | +9.44% | 0.82 |
| Row (townhouse) | $458,100 | +20.02% | 483 | +16.11% | 0.70 |
| Apartment condo | $346,200 | +17.72% | 822 | +11.99% | 1.16 |
Source: CREB® [1], page 6.
South and Southeast Calgary
CREB® groups Calgary communities into eight districts. The 15 south Calgary communities we focus on are in two of them, South and South East; see our Calgary Neighbourhood Guide for the full list.
Benchmark price: South vs. South East
CREB® districts, April 2024
SouthSouth East
Months of supply: South vs. South East
CREB® districts, April 2024
SouthSouth East
| April 2024 | South: benchmark | South: vs. last year | South: months of supply | South East: benchmark | South East: vs. last year | South East: months of supply |
|---|---|---|---|---|---|---|
| Detached | $726,800 | +14.19% | 0.80 | $723,500 | +12.15% | 0.87 |
| Semi-detached | $533,600 | +14.93% | 0.46 | $515,900 | +13.11% | 0.75 |
| Row | $409,400 | +24.93% | 0.59 | $463,800 | +18.17% | 0.74 |
| Apartment | $318,200 | +23.19% | 0.96 | $369,600 | +19.96% | 1.06 |
Source: CREB® [1], page 7 (Calgary Districts). In April 2024, CREB® counted 271 detached sales in the South district and 155 in the South East [1].
April over the years
Here is how April compared in Calgary from 2022 to 2024, using CREB®’s April statistics package for each year.
Benchmark price, all residential
City of Calgary, April of each year
Sales, all residential
City of Calgary, April of each year
Want today’s numbers? See our latest Calgary market update, or book a call and we’ll pull the recent sales near you.
Source of the city and district statistics: CREB® (Calgary Real Estate Board), City of Calgary Monthly Statistics Package, April 2024. CREB® is a registered trademark of Calgary Real Estate Board Co-Operative Limited. Figures are shown as CREB® published them for April 2024; CREB® may revise past months in later packages. This update is general market information, not an appraisal or advice on a specific property. Berg Estate Team, eXp Realty · 587-888-2919.
Sources
- CREB®, Monthly Statistics Package, City of Calgary, April 2024 (pages 5–7). CREB® no longer hosts this file (https://www.creb.com/Housing_Statistics/documents/04_2024_Calgary_Monthly_Stats_Package.pdf); archived copy: https://web.archive.org/web/20240524153630id_/https://www.creb.com/Housing_Statistics/documents/04_2024_Calgary_Monthly_Stats_Package.pdf
- CREB®, “Price growth persists in Calgary as seller’s market prevails”, news release, May 1, 2024: https://www.creb.com/News/Media_Releases/2024/May/Price_growth_persists_in_Calgary_as_sellers_market_prevails/