In February, we saw only 14 residential sales, down from 18 last year. That may not seem like much, but when inventory levels have gone up—with 45 properties for sale this morning, five more than last year—it makes a difference. The result? Months of inventory has climbed to three months, meaning we’re now in a balanced market instead of the strong seller’s market we’ve been used to.
So, what’s causing the slowdown?
The weather! Let’s be honest, three weeks of brutal cold in February doesn’t exactly inspire people to go house hunting.
Uncertainty about tariffs has some buyers sitting on the sidelines, waiting to see what happens.
But here’s the thing—real estate doesn’t stop. Life keeps moving! Families need more space, empty nesters downsize, and first-time buyers take their leap into homeownership. No matter what the economy is doing, people always have a reason to move.
I expect the spring market to be very active in Lacombe, so if you’re thinking of buying or selling, now’s the time to start planning. I’ll be breaking down the market for you every week, so stay tuned!