Calgary home sales slowed in September

Calgary home sales in September fell 17.6% from last year's record, totaling 2,003, yet remained 16% above long-term trends. The benchmark price for all home types was $596,900, slightly down from August but up 5.5% from September 2023. New listings reached 3,687, the highest since 2008, driven by higher-priced homes. Inventory rose to 5,064 units, a 49.7% increase from last year, indicating a shift towards a more balanced market, though still favoring sellers.