Good news – single family detached home listed are still balancing nicely with numbers sold! This, if it continues, will be a good adjustment to the inventory levels. However, condominiums listed greatly outnumbers condo sales
Hopefully if sellers are less “listing crazy” and plan instead to wait for the market to do better we’ll see a more balanced market. A balanced market will cause normal price increases which is healthy. See Central Alberta ‘for sale’ inventory rates here. The more homes for sale (supply), combined with lower than average sales currently (demand), prices will decrease.