Calgary Real Estate Market Overview – March 2025
In March 2025, Calgary’s real estate market experienced a slight increase in inventory while prices stabilized. Buyer demand remained strong in certain segments, particularly attached homes, while the condo market saw mixed results.
Key Market Highlights
Sales Volume
Total residential sales dropped 19% year-over-year to 2,159 units. This decline was seen across all property types.
Inventory Changes
Listings are up, pushing total inventory to 5,154 units, resulting in 2.4 months of supply. This indicates less competition for buyers.
Price Trends
The overall benchmark price stayed stable at $592,500, with detached homes seeing a 4% increase year-over-year ($769,800). Prices for apartments and row homes slightly declined.
Market Segments
Detached Homes
Despite a sales dip of 10%, detached home prices continue to rise due to limited supply.
Semi-Detached & Row Homes
Sales are slower, but inventory is increasing, making the market more balanced.
Apartments
A 34% drop in sales, with increased inventory offering more options for buyers.
Suburban Area Highlights
Airdrie, Cochrane, and Okotoks: These areas are seeing steady demand, with record-high prices in Cochrane and Okotoks.
Advice for Buyers and Sellers
What’s Ahead?
The market is shifting towards balance. Buyers have more choices, but desirable properties remain in demand.
Advice for Sellers
Sellers will need to be strategic with pricing as inventory rises.
Work with Greater Calgary Real Estate
For more insights or to discuss your options in today’s market, contact the team at Greater Calgary Real Estate. Our agents are here to help you navigate Calgary’s evolving market.