Calgary Housing: Detached Homes Tight, Condos Glut

0:00Calgary's housing market in March showed a balanced vibe overall, with sales, listings, inventory, and prices all ticking up as spring kicked in. But dig deeper, and it's a split story detached homes stayed typhor buyers, while apartments and condos lean heavy toward sellers. Detached homes hit a sales to new listings ratio of 61% with inventory below the 10-year average. That benchmark price landed at $741,300, down 3% from last year's peak, but gaining steam in. Most neighborhoods, meanwhile, apartment condos flooded the market, with supply levels echoing the 2008 crash. Their benchmark dipped to $300,300, up a touch from February, but 9% below last March, thanks to week. Sales and rising stock. Grow home saw sales drop 19% in the first quarter, pushing prices down 6% year over year to $423,900.

1:01Semite attached fared better, with sales up and prices at $686,100, just 1% off last year. Overall, benchmark sat at $565,600, up 1% monthly, but 4% shy of last spring. White detached demand keeps that pressure on, while condo-glet eases things for bargain hunters moving forward. That wraps Calgary News today, brought to you with AI.