Calgary Mid-Month Market Overview – March 2025
From March 1 to 15, 2025, Calgary’s housing market saw a surge in new listings and active inventory, giving buyers more options. However, sales have slowed compared to the same period last year. Despite this, prices continued to rise, reflecting strong ongoing demand.
| Metric | 2025 | 2024 | Change |
|---|---|---|---|
| Total Sales | 964 homes sold | 1,180 | ↓ 18.2% |
| New Listings | 1,719 | 1,317 | ↑ 30.5% |
| Active Listings | 4,972 | 2,595 | ↑ 91.7% |
| Median Price | $590,000 | $557,500 | ↑ 5.9% |
| Average Price | $654,715 | $617,771 | ↑ 6.0% |
| Days on Market | 29 days | 20 days | ↑ 45% (slower market) |
What This Data Tells Us
1️⃣ Inventory Is Rising Sharply
Active listings nearly doubled year-over-year, and new listings surged 30.5%, increasing choices for buyers.
2️⃣ Sales Activity Is Slowing
Sales dropped 18.2%, leading to longer days on market and more unsold inventory.
3️⃣ Prices Continue to Increase
Both median and average prices rose by approximately 6%, indicating that demand remains strong despite slower sales.
Why Are Prices Still Rising?
Pent-Up Demand:
Migration, job stability, and population growth continue to drive buyer interest.
Higher-Quality Listings:
More desirable and updated homes are hitting the market, pushing prices upward.
Delayed Market Adjustment:
Prices typically lag behind changes in supply.
Interest Rate Expectations:
Buyers anticipating rate cuts may be willing to pay more now.
Segmented Market:
Mid-to-upper price ranges remain competitive.
Market Outlook
Short-Term
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If inventory continues to grow while sales remain slow, price increases may moderate, especially for higher-priced homes.
Long-Term
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Buyers may gain negotiating power, but continued migration and possible interest rate cuts could keep pricing stable.
Advice for Buyers and Sellers
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Buyers: More listings mean greater choice and potential negotiating power.
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Sellers: Competitive pricing is key as buyers gain more leverage.
Work with Greater Calgary Real Estate
For expert advice on navigating Calgary’s evolving market, contact Greater Calgary Real Estate. Our team can help you make informed decisions whether you’re buying or selling.