Hello Real Estate District,
Total inventory is now at 85.8% of our normal March levels—the closest we’ve been to average since October.
New listings? Right on pace with what we usually expect in March.So what’s the catch?
More listings = Months of supply creeping up to 3.0.That nudges us deeper into balanced market territory, but—and it’s a big but—there’s still pent-up demand.
When a listing hits the market that’s priced right and in great condition, it still gets attention fast and often lands in multiple offer territory.
Are you feeling the price pressure? So are the buyers.
The average close price in Calgary for March is sitting at $659,822.
That’s up 6% from January—and we’re still heading into the thick of Spring.
Expect this number to climb as competition increases and more buyers jump in before rates shift again.
Move-up buyers—your time is now.
Inventory over $500K is growing, and with under $500K so tight, sellers in that range can move up and win both sides of the deal.
Sellers with “show ready” homes—get on the market.
Price + condition is the formula right now. If it’s compelling, it will compete and it will move.
Under $500K is the missing piece.
There’s a clear gap here. Investors and developers—this is your signal. The demand is there, the product is not.
Agents—get your buyers ready.
With more listings and more balance, negotiation is back on the table—but not for long when it comes to the best-priced homes.
The market is balancing, but only on paper.
The buyers are still active, and they’re watching closely.
The sellers who prep well and price right are getting results.So, ride the momentum, stay sharp on pricing strategy, and position your clients ahead of the Spring surge. And remember, a well-priced, well-presented listing in this market is like a front-row seat at a Flames game—rare, hot, and gone before you blink. 
Happy Selling!
(Click here if you want to watch the video instead of reading)Alright team, here’s your weekly market check-in—grab a coffee and let’s roll.Alberta’s showings are climbing like spring temps, up another 8% week over week, and Calgary’s not far behind with a 6.3% jump. Now historically, we usually see a dip in showing activity near the end of March before the Spring push…
But this year? That dip might be a no-show.Why? Because this market is following more of a 2023 vibe—steady demand, motivated buyers, and not enough inventory in the right places.Let's take a look at what's happening. Sales Trends: From Sluggish to StrongWhat started as a slow March has done a full 180.
Sales have now increased month over month for the fourth straight time, and with five days to go, we’re on track to land right around the 10-year average for March. Sales over $500K? Crushing it—well above average across the board.
Under $500K? Still lagging. And no surprise there—low inventory is squeezing out the budget buyers.
But this year? That dip might be a no-show.Why? Because this market is following more of a 2023 vibe—steady demand, motivated buyers, and not enough inventory in the right places.Let's take a look at what's happening.
Sales Trends: From Sluggish to StrongWhat started as a slow March has done a full 180.Sales have now increased month over month for the fourth straight time, and with five days to go, we’re on track to land right around the 10-year average for March.
Sales over $500K? Crushing it—well above average across the board. Under $500K? Still lagging. And no surprise there—low inventory is squeezing out the budget buyers.
Inventory & Listings: Getting Closer to Normal
Total inventory is now at 85.8% of our normal March levels—the closest we’ve been to average since October. New listings? Right on pace with what we usually expect in March.So what’s the catch? More listings = Months of supply creeping up to 3.0.That nudges us deeper into balanced market territory, but—and it’s a big but—there’s still pent-up demand.When a listing hits the market that’s priced right and in great condition, it still gets attention fast and often lands in multiple offer territory.
Prices: Climbing the Ladder
Are you feeling the price pressure? So are the buyers. The average close price in Calgary for March is sitting at $659,822.That’s up 6% from January—and we’re still heading into the thick of Spring.
Expect this number to climb as competition increases and more buyers jump in before rates shift again.
Opportunities in the Market
Move-up buyers—your time is now.Inventory over $500K is growing, and with under $500K so tight, sellers in that range can move up and win both sides of the deal.
Sellers with “show ready” homes—get on the market.Price + condition is the formula right now. If it’s compelling, it will compete and it will move.
Under $500K is the missing piece.There’s a clear gap here. Investors and developers—this is your signal. The demand is there, the product is not.
Agents—get your buyers ready.With more listings and more balance, negotiation is back on the table—but not for long when it comes to the best-priced homes.
Final Takeaway: Balance is Back, But the Pressure is On
The market is balancing, but only on paper. The buyers are still active, and they’re watching closely. The sellers who prep well and price right are getting results.So, ride the momentum, stay sharp on pricing strategy, and position your clients ahead of the Spring surge. And remember, a well-priced, well-presented listing in this market is like a front-row seat at a Flames game—rare, hot, and gone before you blink. Happy Selling! Steve Phillips