Prices rise as annual Calgary home sales fell nearly 20 per cent in August

In August, Calgary saw 2,186 real estate transactions, a nearly 20% decline from last year's record levels, as the extreme sellers' market conditions eased. The benchmark price for all home types was $601,800, slightly lower than July but up 6.3% from August 2023. New listings increased by 13% to 3,536, with detached home sales down 14%. Inventory levels rose 37.3% year-over-year, driven by higher-priced properties. The average sale price for detached homes was $804,811, reflecting a significant year-over-year increase.