Calgary Real Estate Summary by Property Type (Feb 2025)

Detached

Sales: 765 units (↓20% YoY)
Inventory: 1,698 units (↑61% YoY)
Benchmark: $760,500 (↑5% YoY)
City Centre district saw highest price growth (↑8%)

Semi-Detached

Sales: 165 units (↓14% YoY)
New listings: 240 (↑7% YoY)
Benchmark: $683,500 (↑7% YoY)
Supply varies widely (1 month in NW vs 8 months in East)

Row Houses

Sales dropped 9% YoY while listings rose 4%
Inventory: 655 units (doubled YoY)
Benchmark: $446,880 (↑3% YoY)
East district saw strongest price growth (↑12%)

Apartment Condos

Sales: 473 units (↓26% YoY but above historical average)
New listings: record high of 852 units
Inventory increased 90% YoY
Benchmark: $334,200 (↑4% YoY)
West district led price growth (↑8%)

Market Balance Shifting

Inventory rose 76% year-over-year to 4,145 units
Largest inventory increases in homes under $500,000
Apartments and townhouses saw most significant inventory growth
Months of supply at 2.4 (double from last year)
Apartments remain most well-supplied at 3.1 months

Sales Activity

1,721 sales in February (above historical averages)
19% decrease from last year
Significantly lower than post-pandemic peak levels

Pricing Trends

Benchmark price: $587,600 (stable compared to late-2024)
Approximately 1% higher year-over-year
Price changes varied by district:
City Centre and North districts: price declines
East district: highest growth at over 3%

February 2025 Housing Stats CT Banner

source: https://www.creb.com/News/Media_Releases/2025/March/Feb_2025_stats/

Calgary Real Estate Market Report: March 2024 vs. March 2025

Metric	Mar-24	Mar-25	Y/Y % Change	2024 YTD	2025 YTD	YTD % Change
Total Sales Volume	$1.55B	$1.87B	20.65%	$3.4B	$4.9B	44.12%
New Listings	3,172	3,172	0.00%	6,795	7,991	17.61%
Inventory	2,850	3,870	35.79%	-	-	-
Months of Supply	1.07	1.45	35.51%	-	-	-
Sales to New Listings Ratio	83.97%	83.97%	0.00%	87.48%	86.72%	-0.87%
Sales to List Price	99.80%	100.01%	0.21%	99.76%	100.02%	0.26%
Days on Market	22	20	-9.09%	27	24	-11.11%
Benchmark Price	$597,600	$635,500	6.34%	$583,800	$624,267	6.91%
Median Price	$565,000	$610,000	7.96%	$553,000	$595,000	7.59%
Average Price	$584,000	$702,000	20.21%	$574,000	$707,000	23.16%
Index	272	289	6.25%	267	285	6.74%

Data Source: CREB – March 2025 Monthly Stats Package

In March 2025, the Calgary housing market saw some significant and considerable changes compared to the same period in 2024. Although it is a fact that the number of sales remained strongly stable with an unyielding count of 2,664 units, there was an impressive rise in the sales volume, which impressively grew by a significant 20.65%, eventually totaling an impressive figure of $1.87 billion. This considerable gain clearly reflects a strong tendency toward the sales of properties with relatively high prices. The new listings remained even with 3,172, yet the inventories upon the whole saw a significant increase in their numbers, sharply increasing by 35.79% to 3,870 units. This reflects a likely softening of what had been tight market conditions before and hence creating a superior balance in the prevailing supply and demand forces. Further, the months of supply also saw an increase in its count and rose to 1.45, which reflects an impressive 35.51% increase. This transformation could create a wider choice of selections of properties open to purchasers and reduce some of the urgency in decision-making in respect to purchasing. Regardless of these different changes to market forces, it should be noted that Calgary's real estate market remained competitive in general. The sales-to-list-price ratio showed an incremental boost and is now 100.01%. Further, properties sold faster since the days on market decreased by 9.09% to an impressive count of only 20 days. Further yet, metrics on prices showed a good degree of appreciation: the benchmark price grew by an impressive 6.34% to $635,500; the median price increased by 7.96% to reach $610,000; and the average price saw a big rise of 20.21% to $702,000. Overall, these numbers all point to a strong and relentless desire on the part of purchasers to buy real estate in Calgary, in particular in the upper tiers of the price brackets in the market.

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