Calgary sees bump in home sales in January but inventory remains low in tight market

The Calgary Real Estate Board says there were 1,650 home sales in January, marking a 37.7 per cent year-over-year increase as the city saw a 15.4 per cent bump in newly listed homes.

The unadjusted residential benchmark price rose to $572,300, which was 10 per cent higher than January 2023.

The board says despite the rise in new listings, Calgary’s low inventory situation persisted with 2,150 units on the market – close to the January record low set in 2006 and nearly 49 per cent below the long-term average for the month.