Increased Inventory: Yes, the number of new listings is rising slowly leading to more homes available and a higher "months of supply," shifting from a strong seller's market to a more balanced one.
More Time on Market: Homes are staying on the market longer, giving buyers more negotiation power.
Sector-Specific Shifts: While apartments and row homes saw bigger price drops, the market for detached and semi-detached homes is also softening, with improved inventory levels.
If you have any questions about the Calgary real estate market, give me a call and we can chat.
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