Mid-February 2025 Real Estate Market Update: A Sector-by-Sector Breakdown
As we reach the midpoint of February 2025, Calgary's real estate market continues to evolve with shifting trends across all housing sectors. While sales have slowed in some segments, new listings have surged, and prices continue their upward trajectory. Here’s a closer look at how each property type is performing so far this year.
Detached Homes: Higher Prices, Lower Sales
- Sales: 981 (-16.01% YTD)
- New Listings: 1,752 (+18.38% YTD)
- Median Price: $700,000 (+7.69% YTD)
- Average Price: $785,141 (+2.99% YTD)
- Pending Sales: 274 (+19.13% YTD)
- Days on Market: 34 (Up from 30, +13.33%)
Detached homes are experiencing a significant decline in sales volume, likely due to affordability constraints, even as inventory rises. Prices continue to climb, but at a more moderate pace compared to last year. The increase in pending sales suggests some renewed buyer activity, but longer days on the market indicate a shift toward more balanced conditions.
Row & Townhouses: Strong Listing Growth, Cooling Sales
- Sales: 370 (-14.15% YTD)
- New Listings: 676 (+29.50% YTD)
- Median Price: $457,500 (+14.40% YTD)
- Average Price: $474,406 (+7.24% YTD)
- Pending Sales: 137 (+21.24% YTD)
- Days on Market: 37 (Up from 27, +37.04%)
Townhouses remain in demand, but sales have cooled slightly despite a significant increase in listings. Prices continue to rise, albeit at a slower rate than in 2024. Buyers now have more options, and the longer time on the market suggests that the rapid pace of sales seen last year is beginning to ease.
Semi-Detached Homes: Stability Amidst Growing Inventory
- Sales: 221 (-1.78% YTD)
- New Listings: 392 (+15.29% YTD)
- Median Price: $602,000 (+10.05% YTD)
- Average Price: $688,267 (+5.45% YTD)
- Pending Sales: 64 (+23.08% YTD)
- Days on Market: 34 (Up from 30, +13.33%)
Semi-detached homes are holding steady in sales while new listings continue to rise. This sector remains one of the most stable, with moderate price appreciation and active buyer interest. The increase in pending sales suggests continued market confidence, though longer days on market may indicate growing buyer caution.
Apartments: Supply Surge Meets Slowing Sales
- Sales: 571 (-23.66% YTD)
- New Listings: 1,291 (+26.07% YTD)
- Median Price: $319,900 (+13.04% YTD)
- Average Price: $352,962 (+5.03% YTD)
- Pending Sales: 188 (-22.63% YTD)
- Days on Market: 48 (Up from 33, +45.45%)
The apartment sector is facing the sharpest decline in sales, despite a surge in new listings. Price growth remains strong, but the slowdown in demand and a rise in days on market suggest a potential cooling trend. This could be an opportunity for buyers looking for more options and negotiating power in a previously tight market.
Key Takeaways for February 2025:
- Sales are slowing across most property types, but new listings are on the rise, shifting the market toward more balanced conditions.
- Prices are still increasing, though at a more moderated pace compared to 2024.
- Detached and apartment segments are seeing the most significant declines in sales activity, while semi-detached homes remain relatively stable.
- Townhouses and apartments are experiencing significant listing growth, providing more choices for buyers.
- Rising days on market indicate that sellers may need to adjust expectations as conditions evolve.
With spring around the corner, the next few months will be critical in determining whether these trends continue or if we see renewed buyer momentum. Stay tuned for further updates as the market continues to adjust!
Looking to Buy or Sell?
Whether you’re entering the market or looking to make a move, our team is here to provide expert guidance in navigating these changing conditions. Contact us today to explore your best options in Calgary’s real estate market!