The Calgary real estate market is currently experiencing a shift towards more balanced conditions, with slowing price growth and increased inventory. While detached and semi-detached home prices remain strong, row and apartment prices are slightly below their 2024 peaks. Overall, the market is seeing a rise in inventory and a decrease in the sales-to-new-listings ratio, indicating a more balanced environment between buyers and sellers.
Key Trends:
Price Growth Slowing:
While benchmark prices continue to rise, the pace of growth has slowed, particularly for row and apartment-style homes.
Increased Inventory:
The number of homes available for sale has increased, leading to more options for buyers.
Sales-to-New-Listings Ratio Declining:
This indicates a shift towards a more balanced market, with less pressure on prices.
Shifting Buyer Preferences:
Buyers are showing a greater preference for detached and semi-detached homes, while row and apartment prices are experiencing more downward pressure.
Regional Differences:
The North East, North, and South East districts are seeing the largest year-over-year price declines.
If you want to know how the real estate market is impacting you, give me a call and we can chat.
Gerard at 403-703-5548
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