Market Trends

• Total Residential Sales: 10 transactions (44% decrease Y/Y).

• New Listings: 21 new listings (9% decrease Y/Y).

• Inventory Levels: 34 active listings (62% increase Y/Y).

• Months of Supply: 3.40 months, signaling a more balanced market.

• Price Trends:

  • Detached Homes: $1,120,700 (8% Y/Y increase).

  • Semi-Detached Homes: No recorded sales.

  • Row Homes (Townhouses): $519,800 (10% Y/Y increase).

  • Apartments (Condos): $379,100 (11% Y/Y increase).

  • Total Residential Benchmark Price: $916,600 (6.2% increase Y/Y).

Market Insights

• Sales volume decreased significantly, likely due to seasonal factors and affordability constraints.

• Inventory levels rose, providing buyers with more options and shifting the market away from extreme seller conditions.

• Prices continue to rise, especially in the row home and apartment segments, reflecting demand for affordable housing options.

Community Features in Springbank Hill

Springbank Hill is a prestigious, family-friendly community known for luxury homes, natural scenery, and top-tier schools.

Education & Schools

Springbank Hill offers access to some of Calgary’s best public, Catholic, and private schools, including:

1. Griffith Woods School (K-9) – Public

   • Highly rated for STEM programs and extracurricular activities.

2. Ernest Manning High School (10-12) – Public

   • Offers Advanced Placement (AP) and Honours programs with a strong university admission rate.

3. St. Joan of Arc School (K-9) – Catholic

   • Known for faith-based learning and strong academic results.

4. Webber Academy (K-12) – Private

   • One of Calgary’s top-ranked private schools, focusing on academic excellence.

5. Rundle College (K-12) – Private

   • Offers personalized learning and leadership development programs.

Recreation & Amenities

• Griffith Woods Park: A large natural area with walking trails and outdoor activities.

• Aspen Landing & Westhills Shopping Centre: Retail hubs with boutiques, restaurants, and essential services.

• Easy access to downtown Calgary, making it ideal for commuters and professionals.

• Family-friendly environment with community events and strong local engagement.

2025 Springbank Hill Real Estate Market Outlook

1. Market Moving Toward Balance

   • Rising inventory levels could lead to longer selling times and more buyer opportunities.

2. Luxury Home Market Stability

   • High-end properties will likely hold value, but demand may shift towards more affordable housing segments.

3. Continued Growth in Row Homes & Condos

   • First-time buyers and downsizers will drive demand in these segments.

   • Expect steady price appreciation for row homes and condos in 2025.

4. Impact of Interest Rates on Buyer Activity

   • Affordability concerns may slow down higher-end sales.

   • Well-priced homes will remain in demand, particularly in sought-after areas like Springbank Hill.

Springbank Hill’s real estate market in January 2025 saw a decline in sales but continued price growth, particularly in row homes and apartments. The community remains highly desirable due to excellent schools, green spaces, and luxury amenities. Looking ahead, 2025 may bring a more balanced market, offering more choices for buyers while maintaining steady price appreciation.

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The Legacy real estate market in January 2025 started the year with a decline in sales activity but continued price growth. The benchmark price for total residential properties stood at $968,000, reflecting a 5.8% year-over-year (Y/Y) increase.

Key Market Statistics:

• Sales: 15 transactions (-38% Y/Y).

• New Listings: 53 listings (+56% Y/Y).

• Inventory: 61 active listings (+65% Y/Y).

• Months of Supply: 4.07 months, indicating a balanced to buyer’s market.

• Sales-to-New Listings Ratio (S/NL): 0.28, suggesting an increase in supply over demand.

• Median Price: $535,000 (-11.6% Y/Y).

• Average Price: $529,208 (-7.9% Y/Y).

Property Type Breakdown:

• Detached Homes: $1,021,100 benchmark price (+5% Y/Y).

• Row/Townhouses: $426,000 benchmark price (+5.8% Y/Y).

• Apartments: $338,100 benchmark price (+5.5% Y/Y).

• Semi-Detached: No sales recorded this month.

Market Trends

1. Slower Sales Activity & Increased Inventory

• Sales declined by 38% Y/Y, marking a slower start to the year.

• New listings surged by 56% Y/Y, leading to a 65% increase in inventory.

• The Sales-to-New Listings Ratio (0.28) suggests more homes are available than buyers, shifting the market towards balance.

2. Rising Home Prices Despite Softening Demand

• The benchmark price increased by 5.8% Y/Y, showing continued long-term value growth.

• However, median and average prices declined, indicating some downward pressure due to higher inventory.

3. Market Shift Towards Balance

• Months of Supply increased to 4.07 months, which is moving towards a buyer’s market.

• Buyers have more negotiating power, while sellers may need to adjust pricing strategies.

2025 Market Outlook

What to Expect in the Coming Months

• Potential Price Stabilization: With increased inventory, price growth may slow, leading to more stable housing costs.

• Higher Sales Volume in Spring: Historically, sales increase in Q2 (April – June), leading to tighter market conditions.

• Interest Rate Sensitivity: If rates stabilize or decrease, buyer activity may pick up in mid-to-late 2025.

• Long-Term Demand Remains Strong: Legacy continues to be a desirable community, ensuring steady long-term appreciation.

Key Takeaways for Buyers & Sellers

• Buyers: More inventory means greater selection and potential price negotiations.

• Sellers: Pricing competitively and staging effectively will be key to attracting buyers in a softening market.

The Legacy real estate market began 2025 with lower sales, higher inventory, and continued price appreciation. While the market is shifting towards balance, it remains resilient, and seasonal trends are expected to drive stronger activity in the coming months.

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Market Trends

• Total Residential Sales: 5 transactions (67% increase Y/Y).

• New Listings: 10 new listings (100% increase Y/Y).

• Inventory Levels: 10 active listings (43% increase Y/Y).

• Months of Supply: 2.00 months, indicating a more balanced market.

• Price Trends:

  • Detached Homes: $919,900 (4% Y/Y increase).

  • Semi-Detached Homes: $489,800 (5% Y/Y increase).

  • Total Residential Benchmark Price: $858,400 (3.3% increase Y/Y).

Market Insights

• Sales have increased despite higher inventory, indicating sustained buyer demand.

• Price growth remains steady, with detached homes leading the appreciation.

• New listings doubled, which may help ease competition among buyers.

School Features in Hamptons

The Hamptons is a family-friendly community known for its top-rated schools and access to quality education.

Public Schools

1. Hamptons School (K-4)

   • Rating: Highly rated for strong academic programs and extracurricular activities.

   • Focus Areas: Literacy, mathematics, and early childhood development.

2. Tom Baines School (5-9)

   • Rating: One of the top-ranked middle schools in Calgary.

   • Special Programs: Offers advanced placement opportunities and leadership programs.

3. Sir Winston Churchill High School (10-12)

   • Rating: Highly regarded IB (International Baccalaureate) and AP (Advanced Placement) programs.

   • University Readiness: High percentage of graduates pursuing post-secondary education.

Catholic & Private Schools Nearby

• St. Francis High School (Catholic, 10-12) – Offers AP courses and strong faith-based education.

• Renert School (K-12, Private) – Known for math and science excellence, attracting gifted students.

2025 Hamptons Real Estate Market Outlook

1. Steady Price Growth Expected

   • Detached home prices will likely continue increasing due to limited supply.

   • Moderate appreciation across all property types.

2. Increasing Inventory May Lead to More Balance

   • The 100% increase in new listings suggests that more choices will be available for buyers.

   • Market conditions could shift from a seller’s market to a balanced market.

3. Luxury Market Stability

   • The Hamptons attracts higher-income buyers, making the luxury home market more resilient.

   • Demand for semi-detached and row homes may increase due to affordability concerns.

4. Potential Challenges

   • Higher interest rates may affect first-time buyers.

   • Competition may increase among sellers, leading to longer days on market.

The Hamptons real estate market remains strong, with rising prices and increasing inventory. The community’s excellent schools and high-end properties continue to attract families and professionals. 2025 is expected to bring steady price growth, but buyers may have more options as listings rise.

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Market Overview

The real estate market in Chaparral experienced a mixed start to 2025, with sales declining but home prices continuing their upward trend. Inventory levels increased significantly, indicating a shift towards a more balanced market compared to previous years.

• Total Sales: 8 transactions (-38% year-over-year)

• New Listings: 14 (+17% year-over-year)

• Benchmark Price: $651,800 (+3.8% year-over-year)

• Months of Supply: 1.63 months (+117% year-over-year)

Market Trends by Property Type

• Detached Homes:

  • Sales: 5 (-38% YoY)

  • Inventory: 11 (+22% YoY)

  • Benchmark Price: $729,200 (+5% YoY)

  • Detached homes continue to see price appreciation despite lower sales volume, indicating steady demand for single-family homes in Chaparral.

• Semi-Detached Homes:

  • Sales: 1 (unchanged YoY)

  • Inventory: 1 (unchanged YoY)

  • Benchmark Price: $593,500 (+6% YoY)

  • The semi-detached market remains stable, with limited inventory keeping prices strong.

• Row Homes (Townhouses):

  • Sales: 1 (-67% YoY)

  • Inventory: 1 (-50% YoY)

  • Benchmark Price: $470,200 (+2% YoY)

  • A significant drop in sales and inventory could signal a lack of available options or shifting buyer preferences.

• Apartments:

  • Sales: 1 (unchanged YoY)

  • Inventory: 1 (unchanged YoY)

  • Benchmark Price: $324,600 (+4% YoY)

  • Modest price growth suggests stable demand for apartment-style living in Chaparral.

2025 Real Estate Outlook

• Slower Sales, but Price Stability: Sales are expected to remain lower in the short term due to affordability constraints, but limited supply should help sustain moderate price growth.

• Inventory Growth & Balanced Market: The rise in inventory suggests a more balanced market, easing pressure on buyers facing competitive conditions in 2024.

• Interest Rates & Affordability: Mortgage rates will play a key role in determining demand. If rates stabilize or decline, sales activity could rebound later in the year.

• Stronger Detached Home Market: Detached homes remain the dominant and most resilient segment, with continued price appreciation likely.

In summary, Chaparral's real estate market in 2025 is moving towards a more balanced environment, with increasing inventory and slowing sales, but home values remain on an upward trend. Buyers may see better opportunities, while sellers can still expect strong pricing, especially in the detached home segment.

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Market Trends: The Silverado real estate market has shown strong growth in January 2025, with rising property values and increased market activity:

• Total Residential Benchmark Price: $572,900 (+5.6% YoY)​.

• Detached Homes: Benchmark price $639,700 (+6% YoY), with 9 sales recorded.

• Semi-Detached Homes: Benchmark price $626,000 (+6% YoY), 3 sales recorded.

• Row Homes (Townhouses): Benchmark price $473,900 (+8% YoY), with 5 sales.

• Apartments (Condos): Benchmark price $353,400 (+5.6% YoY), with 1 sale recorded.

• Inventory Levels: 1.06 months of supply, indicating a strong sellers’ market.

2025 Real Estate Outlook for Silverado

The Silverado market is expected to continue appreciating due to low supply, strong demand, and rising property values:

1. Detached home prices could surpass $650,000 by mid-2025, as demand remains high.

2. Row homes and apartments will continue growing, with apartments seeing steady rental demand.

3. Low inventory (1.06 months of supply) will keep Silverado a seller’s market.

4. Interest rates and economic growth will influence market trends, but Silverado remains a sought-after community.

Investment Opportunities & Market Comparison –

Best Investment Opportunities in Silverado

1. Detached Homes – Benchmark price $639,700 (+6.0% YoY), steady appreciation makes it an attractive long-term investment​.

2. Row Homes (Townhouses) – Benchmark price $473,900 (+8.0% YoY), affordable entry point with strong demand​.

3. Apartments (Condos) – Benchmark price $353,400 (+5.6% YoY), with stable rental demand and moderate price appreciation​.

4. Limited Inventory (1.06 months of supply) suggests Silverado will remain a sellers' market with rising property values​.

Comparison with Nearby Communities

Key Takeaways for Investors

1. Silverado offers the strongest growth potential, especially in detached and row home segments.

2. Belmont and Pine Creek are more affordable options, ideal for first-time investors.

3. Yorkville provides a balance of affordability and appreciation, making it a stable choice.

4. Low supply across all communities means prices will likely continue to rise in 2025.

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The Hawkwood real estate market started the year strong with a notable increase in sales activity and rising home prices. The benchmark price for total residential properties in January was $682,200, reflecting a 4% year-over-year (Y/Y) increase.

Key Statistics:

• Sales: 9 transactions (+800% Y/Y).

• New Listings: 14 new listings (+600% Y/Y).

• Inventory: 12 active listings (+500% Y/Y).

• Months of Supply: 1.33 months, indicating a seller’s market.

• Sales-to-New Listings Ratio (S/NL): 0.64, suggesting strong buyer demand.

• Median Price: $640,000 (+34.5% Y/Y).

• Average Price: $679,556 (+42.8% Y/Y).

Property Type Breakdown

• Detached Homes: $749,900 benchmark price (+5% Y/Y), with 8 sales recorded.

• Row/Townhouses: $422,100 benchmark price (+3% Y/Y).

• Apartments: $333,100 benchmark price (+6% Y/Y).

• Semi-Detached: No sales recorded this month.

Market Trends

1. High Sales Growth

Sales saw a significant 800% increase compared to January 2024, suggesting renewed buyer confidence in the market.

2. Increasing Home Prices

• The overall benchmark price rose by 4% Y/Y, indicating sustained property value appreciation.

• The detached market remains strong, with an average price increase of over 5% Y/Y.

3. Limited Supply & Competitive Market

• With only 1.33 months of supply, Hawkwood is currently experiencing seller’s market conditions.

• Inventory remains relatively low, leading to competitive bidding among buyers.

2025 Market Outlook

What to Expect in the Coming Months

• Continued Price Appreciation: Given the strong demand and tight supply, prices are expected to rise steadily throughout 2025.

• Increased Listings: More homeowners may list their properties in the spring, leading to a more balanced market.

• Interest Rate Impact: If interest rates remain stable or decrease, buyer activity could surge, further driving price growth.

• Stronger Spring Market: Historically, sales volume and prices tend to peak in Q2 (April – June).

Key Takeaways for Buyers & Sellers

• Buyers should act quickly in this competitive market, as inventory is limited.

• Sellers are in a strong position, with rising property values and favorable market conditions.

Hawkwood’s real estate market had a robust start to 2025, with high sales activity, increasing home values, and tight inventory levels. If trends continue, 2025 is shaping up to be a seller’s market, with continued price appreciation and strong demand.

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Market Trends

• Total Residential Sales: 15 transactions (46% decrease Y/Y).

• New Listings: 29 new listings (4% increase Y/Y).

• Inventory Levels: 34 active listings (113% increase Y/Y).

• Months of Supply: 2.27 months, indicating a more balanced market.

• Price Trends:

  • Detached Homes: $749,000 (9% Y/Y increase).

  • Semi-Detached Homes: $545,200 (9% Y/Y increase).

  • Row Homes: $422,000 (8% Y/Y increase).

  • Apartments: $328,200 (7% Y/Y increase).

  • Total Residential Benchmark Price: $610,000 (6.6% increase Y/Y).

Market Insights

• Sales declined sharply, signaling potential affordability concerns or seasonal trends.

• Inventory levels have increased significantly, easing supply constraints.

• Prices continue to rise, driven by steady demand, despite fewer transactions.

2025 Real Estate Market Outlook for Evergreen

1. Market Shift Towards Balance

   • With increasing inventory and supply, the market may transition from a seller’s market to a balanced market.

2. Continued Price Growth, but at a Slower Pace

   • Prices will likely appreciate moderately, supported by strong detached home demand.

3. Interest Rate & Affordability Considerations

   • If borrowing costs remain high, entry-level homes and apartments may see stronger demand.

   • Luxury segments may stabilize, with longer selling times due to affordability challenges.

4. Stronger Competition for Sellers

   • With more inventory available, sellers may need to price strategically to attract buyers.

Evergreen’s real estate market in 2025 will likely see more balance between supply and demand. Price growth should remain positive, but sellers may need to adjust expectations as inventory increases.

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Market Trends

• Total Residential Sales: 8 homes sold (53% decrease Y/Y).

• New Listings: 12 new listings (33% decrease Y/Y).

• Inventory Levels: 17 active listings (6% increase Y/Y).

• Months of Supply: 2.13 months, showing a higher supply compared to the previous year.

• Price Trends:

  • Detached Homes: $811,500 (4% Y/Y increase).

  • Semi-Detached Homes: $474,800 (9% Y/Y increase).

  • Row Homes: $501,200 (4% Y/Y increase).

  • Apartments: $261,000 (6% Y/Y increase).

  • Total Residential Benchmark Price: $674,800 (0.3% Y/Y increase).

Market Insights

• The sales decline suggests a seasonal slowdown or shifting buyer sentiment.

• Price appreciation remains steady, despite declining transactions.

• Inventory growth is helping ease market tightness, but the demand-supply balance remains a factor.

2025 Real Estate Market Outlook for Edgemont

1. Stable Price Growth

   • Expect continued moderate price appreciation, supported by steady demand and limited new supply.

2. Potential Demand Shifts

   • Higher borrowing costs and economic factors may influence buyer affordability.

   • Luxury and high-end properties could see price stabilization, while entry-level homes may experience strong demand.

3. Inventory & Supply Trends

   • Inventory levels may increase gradually, providing buyers with more options.

   • However, if supply remains below historical averages, competition could keep prices elevated.

4. Market Performance by Property Type

   • Detached homes will likely remain the most resilient segment.

   • Row homes and semi-detached properties may see fluctuating demand based on affordability concerns.

   • Apartment prices may remain stable but depend on investor and first-time buyer activity.

Conclusion

Edgemont's real estate market in 2025 is expected to be balanced but leaning towards a seller’s market in key segments. Price appreciation will likely continue, albeit at a slower pace compared to previous years.

Market Trends by Property Type

1. Detached Homes

   • Sales: 5 homes sold (unchanged from last year).

   • Inventory: 8 homes available (up 60% year-over-year).

   • Benchmark Price: $593,200 (16% increase year-over-year).

2. Semi-Detached Homes

   • Sales: 0 homes sold (down 100% year-over-year).

   • Inventory: 0 homes available (100% decrease).

   • Benchmark Price: $553,300 (11% increase year-over-year).

3. Row/Townhouses

   • Sales: 1 home sold (N/A compared to last year).

   • Inventory: 0 homes available (100% decrease).

   • Benchmark Price: $403,700 (9% increase year-over-year).

4. Apartments

   • Sales: 4 units sold (up 300% year-over-year).

   • Inventory: 3 units available (down 40% year-over-year).

   • Benchmark Price: $328,600 (7% increase year-over-year).

Overall Market Performance

• Total Sales: 10 (up 43% year-over-year).

• New Listings: 11 (down 8% year-over-year).

• Total Inventory: 9 properties (up 29% year-over-year).

• Benchmark Price (All Property Types): $461,100 (10.1% increase year-over-year).

• Months of Supply: 0.90 months (indicating a seller’s market).

2025 Real Estate Outlook for Millrise

• Continued Price Growth: Benchmark prices have been rising across all property types, suggesting strong demand despite increasing inventory levels.

• Shift in Demand: Apartments are seeing significant growth in sales, likely due to affordability concerns as detached and semi-detached home prices increase.

• Tight Market Conditions: With less than one month of supply, Millrise remains a seller’s market, but rising inventory could gradually balance conditions.

• Potential Interest Rate Impact: If interest rates stabilize or decline, more buyers may enter the market, further supporting price increases and higher sales volume.

Overall, Millrise’s real estate market is poised for continued appreciation in 2025, with strong demand for apartments and detached homes driving market activity. Buyers should act quickly in this competitive landscape, while sellers may see favorable conditions persist.

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Market Trends

• Detached Homes: The benchmark price for detached homes reached $600,900, showing a 5% increase year-over-year.

• Semi-Detached Homes: The benchmark price rose to $524,900, marking a 6% increase from the previous year.

• Row Houses: The benchmark price for row houses was $375,800, which remained unchanged year-over-year.

• Apartments: No data available for apartments.

• Total Residential Market: The overall benchmark price for residential properties was $577,900, reflecting a 4.6% increase year-over-year.

Sales and Inventory

• Total residential sales for January 2025 were 18, representing a 50% increase from last year.

• New listings stood at 13, marking an 8% increase compared to last year.

• Inventory levels increased to 12 active listings, a 20% rise year-over-year.

• Months of supply was 0.67, indicating a strong seller’s market with limited inventory.

2025 Real Estate Outlook

• Continued Growth: Coventry Hills has seen consistent price appreciation, particularly in detached and semi-detached homes, suggesting strong demand.

• Supply Constraints: With low months of supply, homebuyers may face competition, pushing prices higher.

• Balanced Market Potential: If inventory increases in the coming months, Coventry Hills could move towards a more balanced market.

• Investment Appeal: The steady growth and affordability compared to other Calgary neighborhoods make Coventry Hills an attractive choice for buyers and investors.

Market Overview

The Somerset real estate market in January 2025 experienced a slight decline in total residential sales, with 12 properties sold, marking an 8% year-over-year (Y/Y) decrease. Despite the drop in sales, new listings surged by 78% Y/Y, reaching 16 properties, contributing to a rise in inventory levels, which jumped 333% Y/Y to 13 available homes.

The benchmark residential price increased by 4% Y/Y, reaching $476,600. The months of supply stood at 1.08, indicating a shift towards a more balanced market compared to previous months.

Market Trends by Property Type

• Detached Homes:

  • The benchmark price rose to $621,200, up 7.7% Y/Y.

  • 8 detached homes were sold, reflecting a 100% Y/Y increase.

  • Inventory increased by 100% Y/Y, giving buyers more options.

• Semi-Detached Homes:

  • No sales were recorded for this segment in January 2025.

  • Inventory and months of supply remained at zero.

• Row/Townhomes:

  • Only 1 row home was sold, showing no change from the previous year.

  • The benchmark price increased by 9% Y/Y to $400,600.

  • Inventory remained stable.

• Apartments:

  • Sales dropped 63% Y/Y, with only 3 units sold.

  • The benchmark price increased 9% Y/Y to $302,100.

  • Inventory rose 75% Y/Y, reaching 7 available units.

2025 Real Estate Outlook

• Continued Price Growth: Despite fluctuations in sales volume, home prices are expected to continue their steady appreciation.

• Inventory Expansion: With new listings increasing significantly, buyers may find more options in the Somerset market.

• Balanced Market Conditions: The sales-to-new listings ratio (S/NL) is 0.75, suggesting a shift from a strong seller’s market to a more neutral one.

• Stability in Detached and Row Homes: These segments continue to see moderate demand, while apartments are facing slower sales.

Overall, the Somerset real estate market is transitioning towards a balanced phase, with increasing inventory and steady price growth. Buyers and sellers should monitor inventory trends, as a further increase in supply could ease price appreciation in the coming months.

Market Overview

In January 2025, the Tuscany real estate market saw steady growth, with an 8.0% year-over-year (Y/Y) increase in the total residential benchmark price, reaching $717,000. Sales activity was also on the rise, with 16 total residential sales, marking a 14% Y/Y increase. New listings increased 18% Y/Y, reaching 20 new properties on the market. However, inventory saw a significant rise of 157% Y/Y, indicating a more balanced market.

The sales-to-new listings ratio stood at 0.80, suggesting a shift away from a strong seller’s market. The months of supply increased to 1.13, signaling a slight softening in competition among buyers compared to previous months.

Market Trends by Property Type

• Detached Homes:

  • The benchmark price reached $802,700, an 11% Y/Y increase.

  • Sales in this segment remained strong, accounting for a significant share of transactions.

  • Inventory levels increased 27% Y/Y, indicating more options for buyers.

• Semi-Detached Homes:

  • No sales were recorded for this segment in January 2025.

  • Inventory and months of supply remained at zero, likely due to low availability.

• Row/Townhomes:

  • Sales increased 300% Y/Y, with 4 units sold.

  • The benchmark price reached $469,200, up 9% Y/Y.

  • Inventory remained stable.

• Apartments:

  • Sales declined 50% Y/Y, with only 2 units sold.

  • The benchmark price was $420,700, up 5% Y/Y.

  • Inventory levels dropped 40% Y/Y, indicating demand remains relatively strong despite lower sales.

2025 Real Estate Outlook

• Continued Price Growth: Home prices in Tuscany are expected to trend upward in 2025, albeit at a moderated pace compared to the sharp increases seen in previous years.

• Increased Inventory: The rise in available listings and inventory levels suggests that buyers may have more choices in the coming months, potentially easing competition.

• Balanced Market Conditions: With sales and new listings increasing, but at a more sustainable rate, the Tuscany market is moving towards a balanced environment.

• Strong Demand for Detached and Row Homes: While apartment sales saw a dip, the demand for detached and row homes remains high, with steady price appreciation in these segments.

Overall, Tuscany's real estate market in early 2025 reflects a transition toward more stable conditions, with sustained demand for housing and gradual price increases across most property types.