Hello Real Estate District,
Total inventory is now at 82.8% of normal—finally starting to catch up.
New listings are surging… BUT mostly in the higher price ranges.
Homes over $600K? 46% MORE listings than average.
Homes under $600K? 53% FEWER listings than normal.
This is directly driving price increases.
Average close price is up 5% month-over-month.
YTD, average sale prices are already up 10%.
Historically, prices peak in June—so we’re just getting started.
Months of supply is dropping.
Days on market are dropping.
Expect competition to heat up heading into Spring.
Move-up buyers are in a prime position. – More inventory above $600K = more choices, more negotiating power. If you’ve got clients looking to move up, they should do it NOW.
Sellers under $600K have a MASSIVE advantage. – Inventory is painfully low. If they price right, their home WILL get attention.
Luxury homes need strategic pricing. – More listings means more competition. Pricing needs to be on point to stand out.
Investors & builders—affordable housing is the play. – There’s a huge gap in supply under $600K. If you know developers, now’s the time to push them.
Sales & showings are climbing steadily—no massive spikes, just consistent demand.
Higher-end homes are dominating the market, while lower-priced inventory is critically low.
Prices are rising, and they’ll likely continue to do so until June.So, what’s the move? Get sellers in the under $600K range to market ASAP. Get move-up buyers into new inventory before competition spikes. And let’s get ready for a busy Spring. And remember: This market is like booking a summer vacation—wait too long, and you’re either paying way more or stuck with the leftovers. 
Happy Selling!
(Click here if you want to watch the video instead of reading)Alright, team—here’s where we’re at.Interest rates are coming down (as expected), and showings are still climbing—just not as fast as usual this time of year. Instead of a big jump, we’re seeing steady growth, just like we did in 2023.The real story? Sales are climbing, but it’s the higher-end homes that are leading the charge.Let’s break it down.
Alberta showings are up another 4% week over week.
Calgary showings are up 3% week over week, mostly in the $500K - $800K range.
Average showings per listing have dipped—not because demand is slowing, but because more inventory is hitting the market.
Sales are following suit:
We’re now on track to be within 8% of the 10-year average for March.
Homes under $600K? Still WAY below average due to lack of inventory.
Homes over $600K? Sales are now 37% HIGHER than the 10-year average! Translation? Buyers are active, but still waiting for the lower price points to gain more inventory...
Showings & Sales: Slow & Steady Growth
Alberta showings are up another 4% week over week. Calgary showings are up 3% week over week, mostly in the $500K - $800K range. Average showings per listing have dipped—not because demand is slowing, but because more inventory is hitting the market. Sales are following suit: We’re now on track to be within 8% of the 10-year average for March. Homes under $600K? Still WAY below average due to lack of inventory. Homes over $600K? Sales are now 37% HIGHER than the 10-year average! Translation? Buyers are active, but still waiting for the lower price points to gain more inventory... Listings & Inventory: Where’s the Supply?
Total inventory is now at 82.8% of normal—finally starting to catch up. New listings are surging… BUT mostly in the higher price ranges. Homes over $600K? 46% MORE listings than average. Homes under $600K? 53% FEWER listings than normal. This is directly driving price increases. Average close price is up 5% month-over-month. YTD, average sale prices are already up 10%. Historically, prices peak in June—so we’re just getting started. Months of supply is dropping. Days on market are dropping. Expect competition to heat up heading into Spring.
Where’s the Opportunity?
Move-up buyers are in a prime position. – More inventory above $600K = more choices, more negotiating power. If you’ve got clients looking to move up, they should do it NOW. Sellers under $600K have a MASSIVE advantage. – Inventory is painfully low. If they price right, their home WILL get attention. Luxury homes need strategic pricing. – More listings means more competition. Pricing needs to be on point to stand out. Investors & builders—affordable housing is the play. – There’s a huge gap in supply under $600K. If you know developers, now’s the time to push them.
Final Takeaway: The Market is Moving, But Not Evenly
Sales & showings are climbing steadily—no massive spikes, just consistent demand. Higher-end homes are dominating the market, while lower-priced inventory is critically low. Prices are rising, and they’ll likely continue to do so until June.So, what’s the move? Get sellers in the under $600K range to market ASAP. Get move-up buyers into new inventory before competition spikes. And let’s get ready for a busy Spring. And remember: This market is like booking a summer vacation—wait too long, and you’re either paying way more or stuck with the leftovers. Happy Selling! Steve Phillips