Supply Levels Improve

• Inventory rose to 3,639 units, a 70% year-over-year increase.

• Apartment-style condos saw the biggest supply gains.

Sales & Prices

• Sales dropped 12% from last year but remain 30% above long-term trends.

• The benchmark price is $583,000, up 3% from last year.

Property Type Insights
🔹 Detached: Inventory still 27% below typical January levels, price at $750,800 (+7% YoY).
🔹 Semi-Detached: Prices up 8% YoY, but supply varies across districts.
🔹 Row Homes: Inventory doubled vs. last year, price at $444,900 (+5% YoY).
🔹 Condos: More supply leading to slower price growth, price at $331,400 (+5% YoY).

Regional Markets

• Airdrie: 2.6 months of supply, price at $537,300 (+4% YoY).

• Cochrane: More inventory, price at $565,900 (+5% YoY).

• Okotoks: Limited supply keeping prices high, price at $614,900 (+5% YoY).

Market Outlook

• More balanced conditions expected in 2025.

• Price growth likely to slow as inventory increases.