Calgary Real Estate Market Update – April 2025

Amid ongoing economic uncertainty, Calgary’s housing market is showing signs of balance as inventory climbs and sales ease. Whether you’re buying a home in Calgary or selling a home in Calgary, understanding these shifting conditions is key to making the right move in today’s market.

Snapshot of the Market

Here’s a quick look at the key stats for March 2025:

  • Sales: 2,159 (▼ 19% YoY)
  • New Listings: 4,019 (▲ 27% YoY)
  • Inventory: 5,154 (▲ 102% YoY)
  • Months of Supply: 2.39 months (▲ 149% YoY)
  • Days on Market: 29 days (▲ 43%)
  • Benchmark Price (Total Residential): $592,500 (steady YoY)

What This Means for Buyers

  • More selection: Inventory is up, giving buyers more options.
  • Less urgency: Bidding wars are slowing down in many segments, especially for condos and homes above $800K.
  • Still competitive under $700K: Entry level homes remain in high demand.

What This Means for Sellers

  • Prices are holding: Calgary prices are stable across most segments.
  • You still have an edge: But strategic pricing and strong marketing are now key with rising competition.
  • Act sooner rather than later: If trends continue, we may see more balance or even buyer favoured conditions in some areas.

Property Type Breakdown

Detached Homes

  • Sales: 1,035 (▼ 10% YoY)
  • Inventory: 2,205 (▲ 97%)
  • Benchmark Price: $769,800 (▲ 4.1%)

For buyers: Competitive under $700K, but more balanced over $800K.
For sellers: Price growth is slower, but still positive especially in the inner city.

Semi-Detached Homes

  • Sales: 184 (▼ 26% YoY)
  • Inventory: 413 (▲ 100%)
  • Benchmark Price: $691,900 (▲ 5.1%)

For buyers: More choices and less pressure, especially above mid range prices.
For sellers: Price growth remains strong, but inventory is catching up.

Row/Townhomes

  • Sales: 400 (▼ 11% YoY)
  • Inventory: 826 (▲ 130%)
  • Benchmark Price: $454,000 (▲ 2.1%)

For buyers: Much better selection than last year.
For sellers: Pricing needs to be competitive as inventory continues to rise.

Condos/Apartments

  • Sales: 540 (▼ 34% YoY)
  • Inventory: 1,710 (▲ 99%)
  • Benchmark Price: $336,100 (▲ 2.6%)

For buyers: Plenty of options, less urgency to act quickly.
For sellers: With more competition, marketing and condition are more important than ever.

Final Thoughts

While sales are down from last year, Calgary’s market is still strong by long term standards. The rise in new listings and inventory means buyers can breathe a little easier, but sellers who price right and market well are still in a great position.

Thinking of Buying or Selling?

Whether you’re buying your first home, upsizing, downsizing, or relocating to Calgary, the right strategy makes all the difference.

✅ Search Calgary Homes Now
✅ Get a Free Home Evaluation
✅ Use the Mortgage Calculator to estimate your monthly payments
✅ Download the Buyer’s Guide — everything you need to know before buying
✅ Download the Seller’s Guide — pricing, prepping, and marketing tips
✅ Access the Relocation Guide — a must read if you’re moving to Calgary

Have a question? Let’s chat.
📞 Call/Text Ryan Gillard at 403-471-4212
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