The Late Bloomer Market That's Still Holding Its Own

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Hello Real Estate District,
(Click here if you want to watch the video instead of reading)

🌤️ Alberta Showings: The Not-So-Hot Girl SummerShowings across Alberta are trending 20% lower than this time last year—but hey, they’ve been consistent, and consistency is sexy in real estate. We expect more of this mild momentum through June. Think of it like a crockpot market—slow cooking, but still getting the job done.📍 Calgary Showings: Small Dip, Big Deal?
  • Down 4% week over week
  • The biggest drop? $1M–$1.1M buyers ghosted us this week.
  • But there’s life where it counts: modest increases in the $500K–$800K range.
Translation: the middle market is still moving—just quietly and confidently, like a parent at a kids’ soccer game with coffee and low expectations.image.png
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📈 Calgary Sales: Up 7% – Thank You, Showings From Two Weeks Ago

    • Just as we expected, sales bumped up 7% this week, thanks to earlier showing activity.
    • Expect a soft dip in sales in a couple weeks if the latest showing slowdown continues.
    If you’re trying to time the market perfectly—don’t. Time your life, and we’ll help the market fit into it.🏡 Inventory: Almost Normal—We’re 96% There!
    • Inventory is sitting at 96% of historical norms, with strength in the $700K–$1M range.
    • These higher-priced listings are starting to stack, but we’re still short on entry-level inventory, which is key to unlocking the next wave of move-up buyers.
    Think of it like Jenga—pull from the bottom, and you get some real movement up top.📬 New Listings: 5% Above Normal—Spring Finally Sprung
    • It’s late, but it’s here.
    • We’re seeing more listings than usual for this time of year, and most of them are priced above $500K.
    • We still need lower-priced homes to free up that next level of demand.
    This isn’t a bubble—it’s more like a gear system, and the bottom cog needs to spin for the top one to turn.📊 Months of Supply: Balanced but Competitive
    • Sitting at just over 3 months—9% lower than the seasonal average, keeping us in balanced market territory
    • Days on market are 25% below average (buyers still aren’t wasting time on the good stuff)
    • List-to-sale price ratio is 98.4%, slightly stronger than usual
    So yes—it’s quieter. But it’s not sleepy. Sellers still need to sharpen their price and prep game, and buyers still need to act fast when the right one shows up.

🔍 So What Does This Mean?

  • 📣 Opportunity #1: Mid-Range Sellers ($500K–$1M)
    There’s enough competition to get solid value—but not so much that you're in a price war. List smart, and you’ll get noticed.📣 Opportunity #2: Entry-Level Listings
    We need you—bad. If you’ve got a home in that $200K–$500K sweet spot, this is your time. And buyers? You’re finally getting some options.📣 Opportunity #3: Educated Clients = Empowered Clients
    The biggest gap right now? Expectations.
    The market isn’t wild, but it’s still stronger than normal. It’s up to us to bridge the reality gap and help people move with clarity and confidence.🎯 The Final Word:
    This isn’t 2021. Or 2022. Or 2023. And thank goodness.
    This is a balanced, strategic, slightly sleepy market that still rewards the informed, the motivated, and the well-prepared.So go out there, deliver the truth with confidence (and maybe a good coffee), and help your people win—on their terms.Let’s keep it smart, simple, and keep on educating.

🔥 Happy Selling🔥 
Steve Phillips