Calgary sees bump in home sales but inventory remains low

The Calgary Real Estate Board reported a 37.7% year-over-year increase in home sales in January, with a 15.4% rise in newly listed homes. The unadjusted residential benchmark price rose to $572,300, 10% higher than January 2023. Despite an increase in new listings, Calgary's low inventory situation persisted, with 2,150 units on the market, nearly 49% below the long-term average for the month.

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