Buyers are getting a chance to breathe again in the Canmore market, and sellers are noticing.
The real estate rhythm seems to be that of patient negotiating with rising inventory and longer selling times pointing to more balanced conditions.
October recorded 35 sales, down 15% from the 41 sales we saw last year. The average selling price also softened at $952,000, compared to $1.25M in October 2024, a 24% year-over-year decline.
Properties on average sold for 96% of list price, a slight dip from last year’s 98%, showing that buyers are negotiating more confidently in the current market, while inventory levels are trending upward, with 4.5 months of supply, well above the five-year October average of 2.9 months. This ongoing rise further signalling the shift toward more balanced conditions.
The average days on market stretched to 65 days, compared to 40 days last year and higher than the five-year average of 45. Homes in the $1.2M–$1.875M range are experiencing the slowest turnover as buyers become more selective in that segment. October ended with 160 active listings, 12% higher than October 2024.
October recorded 35 sales, down 15% from the 41 sales we saw last year. The average selling price also softened at $952,000, compared to $1.25M in October 2024, a 24% year-over-year decline.
Properties on average sold for 96% of list price, a slight dip from last year’s 98%, showing that buyers are negotiating more confidently in the current market, while inventory levels are trending upward, with 4.5 months of supply, well above the five-year October average of 2.9 months. This ongoing rise further signalling the shift toward more balanced conditions.
The average days on market stretched to 65 days, compared to 40 days last year and higher than the five-year average of 45. Homes in the $1.2M–$1.875M range are experiencing the slowest turnover as buyers become more selective in that segment. October ended with 160 active listings, 12% higher than October 2024.
What does this mean for you?
For buyers, rising inventory and longer days on market mean there’s finally room to negotiate. For sellers, the key is pricing strategically and standing out with presentation. The properties that show beautifully and are priced right are still moving quickly.
If you’re wondering what this shift means for your property or your buying plans, let’s look at your numbers together as it’s likely changed since last year.
If you’re wondering what this shift means for your property or your buying plans, let’s look at your numbers together as it’s likely changed since last year.
