The Calgary real estate market is showing some positive shifts in 2025. After three years of limited inventory, January saw a 70% year-over-year increase in available homes, with a total of 3,639 units listed. While that’s a big improvement, we’re still below the typical 4,000+ units we usually see at this time of year.
What’s Changing?
Ann-Marie Lurie, Chief Economist at CREB®, expects supply levels to improve this year, leading to more balanced conditions and slower price growth. However, not all property types are seeing the same changes. While detached and semi-detached homes are still in high demand, apartment-style condos are starting to show excess supply, particularly in the higher price ranges.
Market Conditions
In January, the months of supply rose to 2.5 months, up from last year's 1 month, but still on the lower side. The months of supply varied: semi-detached homes had under 2 months, while apartment condos reached 3.5 months.
Pricing Trends
The benchmark price for residential homes remained steady at $583,000, up about 3% from last year. Prices are stabilizing, though some areas and property types are still seeing higher growth.
What Does This Mean for You?
For buyers, there are more options—especially in the condo market—but competition remains high for detached homes. Sellers will see more inventory competition, so pricing your property correctly is key.
Feel free to reach out if you have questions about navigating these changes in the market. Let’s make sure you’re in the best position, whether you’re buying or selling!
