Every month the Calgary Real Estate Board releases a report detailing what has been happening in the real estate market. These reports provide valuable information to sellers, buyers, and investors alike. Real estate requires strategic decision making, so staying informed is crucial to ensure you are making the best moves possible.
Here are the highlights from The The Calgary Real Estate Board's market report for April 2025, which you can read in full by clicking here:
- "A boost in new listings this month relative to sales caused April inventories to rise to 5,876 units" (CREB®).
- "April sales reached 2,236 units—22 per cent below last year’s levels but in line with long-term trends" (CREB®).
- "Benchmark prices for each property type have remained relatively stable compared to last month" (CREB®).
- "Lower-priced detached and semi-detached properties continue to struggle with insufficient supply, while row and apartment-style homes are seeing more broad-based shifts to balanced conditions" (CREB®).
Calgary Real Estate Board Chief Economist Ann-Marie Lurie notes, "Economic uncertainty has weighed on home sales in our market, but levels are still outpacing activity reported during the challenging economic climate experienced prior to the pandemic. This, in part, is related to our market's situation before the recent shocks. Previous gains in migration, relatively stable employment levels, lower lending rates, and better supply choice compared to last year’s ultra-low levels have likely prevented a more significant pullback in sales and have kept home prices relatively stable.”
Are you ready to make your move? Contact Ken Richter directly today at 403-630-6363 or email Ken@KenRichter.com. In every market, Ken's experience is your advantage.
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