Calgary Real Estate Market Update – March 2025

Calgary’s real estate market experienced a noticeable shift in February, moving toward balanced conditions as inventory levels rose and sales activity softened.

Sales and Listings

• February recorded 1,721 home sales, a 19% decrease from last year but still above historical averages.

• New listings were steady at 2,830, matching typical levels for the month.

• The sales-to-new-listings ratio was balanced at 61%.

Inventory and Supply

• Inventory surged 76% year-over-year, totaling 4,145 units, especially in properties priced under $500,000.

• The overall months of supply stood at 2.4 months, signaling a more balanced market.

Pricing Trends

• The city-wide benchmark price reached $587,600, a modest 1% increase from last year.

• East Calgary saw the strongest price gains (3%), while City Centre and North districts experienced slight declines.

Property Types

• Detached: Sales down nearly 20%; inventory up 61%; benchmark price at $760,500 (+5%).

• Semi-Detached: Sales down 14%; inventory increased by 46%; benchmark price at $683,500 (+7%).

• Row/Townhouses: Sales down 9%; inventory more than doubled; benchmark price at $446,880 (+3%).

• Apartments: Sales decreased 26%; inventory surged 90%; benchmark price at $334,200 (+4%).

Regional Snapshot

• Airdrie: Sales declined by 9%; inventory doubled; benchmark price at $537,600 (+1.6%).

• Cochrane: Sales and listings above average; inventory increased 48%; benchmark price at $577,100 (+5%).

• Okotoks: Sales slightly lower (-4%); inventory rose 19%; benchmark price stable at $616,900 (+1%).

Looking Forward Buyers now enjoy more choices due to increased inventory, particularly in the affordable segments. Sellers should price competitively and adjust expectations as the market stabilizes.

Stay informed and prepared for market shifts as we head into spring.

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_{Disclaimer: The information provided in this article is based on current market research and publicly available data. While every effort has been made to ensure the accuracy of this information, market conditions can change rapidly, and readers are encouraged to conduct their own research or consult with a professional for specific advice. Information deemed reliable, but not guaranteed.}