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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 | 2,664 | 2,664 | 0.00% | 5,945 | 6,928 | 16.51% |
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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Note: Condomonk is Canada's one of the largest database of new pre construction homes. Our comprehensive database is populated by our research and analysis of publicly available data. Condomonk strives for accuracy and we make every effort to verify the information. The information provided on Condomonk.ca may be outdated or inaccurate. Condomonk Inc. is not liable for the use or misuse of the site's information.The information displayed on condomonk.ca is for reference only. Please contact a liscenced real estate agent or broker to seek advice or receive updated and accurate information.
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