Supply on the rise, but not across all price ranges!
As Calgary transitions into the winter months, its housing market is showing classic seasonal trends, but with some unique highlights this year. Whether you’re looking to sell, buy, or invest, here’s a breakdown of what you need to know.
Sellers: Inventory levels have risen to 4,352 units, a significant increase from last year. However, the market still favors sellers in many segments, especially for properties priced under $700,000. Detached homes saw a 7% price increase year-over-year, while semi-detached homes reached an 8% gain.
Buyers: More supply means better opportunities! With over two months of inventory, buyers have more negotiating power and a wider range of options, particularly in the row home and apartment sectors.
Investors: The apartment market continues to thrive, with benchmark prices up 9% year-over-year. Units priced between $300,000 and $500,000 have seen the most significant inventory growth, offering excellent investment potential.
Despite seasonal price adjustments, Calgary’s real estate market is still outperforming long-term trends. Whether you’re selling, buying, or investing, now is the time to explore your options.
Let’s connect today and craft a strategy tailored to your goals!
