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Calgary Benckmark Sold Price is up!

Calgary Benckmark Sold Price is up!
Thanks to strong migration levels, housing demand remained relatively strong, especially for affordable options in our market,” said CREB® Chief Economist Ann-Marie Lurie.
“At the same time, supply levels were low compared to the demand throughout the year, resulting in stronger than expected price growth.”
Inventory levels were persistently below long-term trends for the city throughout most of the year, averaging a 44 per cent decline over the 10-year average. We also saw the months of supply remain well below two months throughout most of the year across homes priced below $1 million mark.
The persistently tight conditions contributed to our city's new record high price.

*The above chart is for Benchmark Calgary sold price which is more accurate than the average sold price, & reflects the lastest month, Dec 2023 for most recent data, and compares to the previous Decembers. Since homes can vary widely in size and features, a simple average price is often not meaningful. Instead, CREB® Chief Economist Ann-Marie Lurie calculates benchmark prices using recent sales data for homes with specific features typical of a given neighbourhood.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.