Bri Clark

With over 4.5 months of supply, Cochrane is shifting towards a more balanced market. The benchmark price increased by 2%, but could be partially atributed to the volume of new home sales compared to resale product.

Calgary’s market is cooling, especially in the condo and townhome sectors, where record-high inventory is softening prices. Detached and semi-detached homes remain more stable, with balanced market conditions returning. Take a further look at the average time on market, average sold price, sold price to list price ratios and the # of sold units for each property type.