Soft Sales Continue in April!
Prices are steady but struggles in the Alberta economy weighs on housing. The changes to the lending industry and a challenging economic recovery are weighing on sales activity in Calgary's housing market. While the rising inventories are being monitored, prices have remained relatively flat as gains in some areas of the city have been offset by declines in other areas.
The reality is that there's selection heading into the active spring market. For many sellers, they have to decide what price they are willing to accept for a lifestyle change. At the same time, buyers need to understand the supply dynamics and price movements in the specific area, as they may not align with their expectations.