Market Shift: Political + Economic Uncertainty Impacting Real EstateRising political uncertainty, upcoming elections, and tariff concerns are shaking consumer confidence, leading to a 19% drop in Calgary home sales year-over-year. However, increased new listings and rising inventory are helping shift the market toward balance, with price trends varying by location, property type, and price range.
Airdrie: Sales dropped 11% year-over-year to 160 units in March, but increased listings pushed inventory to 398 units, moving the market toward balance. Despite this, home prices remain strong, with the detached benchmark at $651,300, up 2% from last year and nearing the 2024 peak of $657,400.
Calgary: Sales fell 19% year-over-year to 2,159 units, largely due to economic uncertainty. Inventory climbed to 5,154 units, shifting the market toward balance after four years favoring sellers. The benchmark price held steady at $592,500, with detached and semi-detached prices strong, while apartment and row-home prices remain slightly below last year’s peak.
Cochrane: Sales remained steady, with 213 units in inventory, aligning with historical trends. While price growth has slowed, the detached benchmark price hit a record high of $686,800, up 5% from last year, keeping Cochrane a strong and in-demand market.
Overall, Airdrie, Calgary, and Cochrane are shifting toward balanced market conditions, with pricing resilience despite inventory growth. Reach out to and I’ll take one uncertainty out of this equation!
Rene Simpson | Realtor ® / Real Estate Associate
Legacy Real Estate Services
Renesimpson.realtor@gmail.com
renesimpsonrealty.ca
403-901-5526
Airdrie, Calgary and area Residential Realtor ®
