Real Estate Report: Inventory Stacks Up: Sellers Lose Pricing Power as Listings Double Sales

THE DAILY PULSE

• Daily Sales: 21
• New Listings: 42
• Net Inventory Change: Inventory Growing (+21)
• Today's Average Price: $530,997

Today's average price of $530,997 sits 14% below the month-to-date average of $616,810. The action is happening in the trenches—entry-level and mid-market properties are driving today's volume. Luxury inventory? It's sitting on the shelf collecting dust.

The Move: If you're hunting in the $400K-$600K range, you've got breathing room. Sellers in this bracket are watching competitors pile in, and the desperation is starting to show. Make your offer 5% below ask and watch them sweat. If you're buying above $700K, congratulations—you're shopping in a ghost town with zero urgency.

MONTHLY TRENDS

• Month-to-Date Sales: 42 (21 + 21)
• Month-to-Date New Listings: 84 (42 + 42)
• Total Active Inventory: 4,440

The math doesn't lie: 84 new listings against 42 sales means inventory is stacking up at a 2:1 ratio. For every house that sells, two more hit the market. That's a losing game for sellers who think they can sit at 2024 prices and wait for a bidding war. Active inventory at 4,440 is up from December's 3,860—that's 15% more competition for sellers in just two months.

Sellers: The competition is rising. If you aren't the best price on the block, you're just decoration. Price aggressively or prepare to watch your listing age like milk. Days on market are climbing, and buyers can smell desperation from three postal codes away.

THE BIGGER PICTURE (YoY)

CREB's 2026 forecast called it: a "settling down" market with prices projected to tick up just 1%. The Bank of Canada is holding rates at 2.25%, but whispers of potential cuts are circulating—giving buyers a "wait and see" incentive. Meanwhile, rental vacancy rates have exploded from 1.4% to 4.6%, stripping urgency from the renter-to-buyer pipeline. The Benchmark Price year-over-year context shows resilience, but the daily average price tells the real story: the market is cooling from the top down.

Rock & Roll: Calgary's housing market is no longer a seller's paradise. Inventory is piling up, prices are dipping, and the balance of power is shifting to buyers who know how to negotiate. The spring surge might bring volume, but it won't bring 2024's pricing power back. Welcome to the new normal.