April Real Estate Update
New listings higher this April, pushing inventory to 5,876 units - more than double last year’s unusually low levels and in line with typical seasonal trends. Home sales hit 2,236 units, down 22% from last year but still consistent with long-term April averages.
“Despite economic uncertainty, sales remain stronger than pre-pandemic levels thanks to stable employment, past migration gains, and improved supply,” says Ann-Marie Lurie, Chief Economist at CREB®.
With nearly three months of inventory, the market has shifted to balanced conditions—though lower-priced detached and semi-detached homes still face tight supply. Meanwhile, apartment and row homes are showing more balance.
Home prices have held steady month-over-month. Compared to last year:
✔️ Detached & semi-detached: +2%
✔️ Apartment & row homes: ~unchanged
Data sourced from Calgary Real Estate Board.
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