05/07/2026
April market update…
We’re starting to see a bit of a shift, which I think a lot of people were expecting.
Sales came in slightly lower than last year, and with more inventory hitting the market, some of that urgency we’ve seen over the past few years is easing off. We’re not in that same pressure cooker environment anymore where buyers feel like they have to jump immediately or risk missing out. Things are starting to level out a bit.
Overall, we’re moving toward more balanced conditions.
That said, it’s not a one-size-fits-all market.
Detached homes are still relatively tight, especially in certain areas, so we’re continuing to see strength there. But apartments are a different story, with more inventory available and more choice for buyers, which is giving them a bit more breathing room and negotiating power.
Prices did tick up from March, which is pretty typical heading into the spring market, but overall they’re still sitting slightly below where they were this time last year.
Closer to home in Okotoks, conditions are still fairly tight. Inventory remains low, and with just over two months of supply, we’re continuing to see steady pricing.
What I’m seeing on the ground is a bit more thoughtfulness from buyers. Fewer rushed decisions, a little more time to evaluate options…which honestly isn’t a bad thing. It just changes how we approach the process.
If you’re watching the market or wondering what this might mean for your own home, I’m always happy to take a closer look.