CALGARY JANUARY 2024 REAL ESTATE RECAP – TRENDS AND INSIGHTS
Posted by Tara Molina Real Estate Group on
Calgary’s January 2024 Real Estate Recap: Trends and Insights
The first month of the year brought significant momentum to Calgary’s real estate scene. Let’s delve into the key highlights, explore sector-wise performances, and gain insights into the trends that are shaping our dynamic market.
City-Wide Snapshot: In January, a robust surge in sales, totalling 1,650 units, marked a noteworthy gain from the previous year. This upward trajectory was fuelled by an influx of new listings, reaching a substantial 2,137 units. Despite this increase, the low inventory situation persisted, with only 2,150 units available—nearly 49% below the long-term average.
Expert Commentary: Ann-Marie Lurie, Chief Economist at CREB®, observed, “Supply…
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