Inventory of homes for sale in the city of Calgary continues to grow moving most of the city into a more balanced market. Some properties are still entertaining multiple offers, but in general, it’s taking longer to sell a property. Expectations of a quick sale need to be tampered as buyers are taking a bit more time making a decision. Global events weigh heavy on peoples minds. However, the Foothills region remains highly desirable and we continue to see positive net migration. Calgary peaked in price early spring and is seeing some small downward pressures. Okotoks, and High River have remained strong but are likely peaking now as we enter the slower mid summer months.
