TL;DR – The Calgary real estate market is shifting! More homes, fewer bidding wars, but prices are holding steady. Sales are down 12%, inventory is up 68.6%, and homes are taking longer to sell. Buyers finally have options, but sellers need to be strategic with pricing. If this trend continues, Spring 2025 could be the most balanced market we’ve seen in years.
Prices Are Still Rising—But Slower
The benchmark price for Calgary is $583,000, up 2.8% year-over-year. Prices aren’t skyrocketing like before, but they’re also not dropping.
Think of it like grocery store inflation—you won’t find 2020 prices, but at least we’re not seeing another 10% spike like last year.
Sales Are Down 12% – Buyers Have Time
January saw 1,451 home sales, down 12% from last year. This doesn’t mean a crash—buyers are just less frantic.
It’s like a dating app—last year, everyone swiped right instantly. This year, they’re actually reading the bios. Sellers, you need to price right and make your home stand out.
Months of Supply Up 91.6% – Less Competition
Calgary now has 2.51 months of supply—nearly double last year. This means:
✅ Fewer bidding wars
✅ More choice for buyers
✅ Sellers need patience
Last year, buying a home was like waiting for a table at a packed restaurant. This year? There are open tables—buyers finally have choices.
New Listings Up 35.5% – More Homes on the Market
One of the biggest changes? More sellers are listing.
If 2024 was Black Friday at Best Buy, 2025 is Costco on a weekday—the shelves are stocked, and buyers actually have options.
Inventory Up 68.6% – Choices for Buyers
With more than double the homes available compared to last January, things are shifting. Buyers don’t have to rush, and sellers can’t expect instant offers.
Think of it like a movie theater—last year, every seat was taken. This year, you can pick where you sit.
Days on Market: 41 Days (Up 21.6%)
Homes are taking longer to sell, averaging 41 days on the market.
Sellers, breathe. I know 41 days feels like forever after last year’s frenzy, but this is normal. The market isn’t crashing—it’s just more balanced.
Final Thoughts: Market Shift, Not a Crash
📉 More inventory, fewer bidding wars, but prices are holding steady.
🏡 Sellers need to be strategic—price it right, stage it well.
🛒 Buyers finally have options—no more rushed, no-conditions offers.
CREB predicted more inventory, stable prices, and a slowdown in sales—and January’s numbers prove they were right.
If this trend continues, Spring 2025 could be the most balanced market we’ve seen in years.
💬 What do you think? Is Calgary’s market cooling or just resetting? Drop a comment below!
🔔 Stay tuned for next month’s market update!
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