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Calgary Real Estate Market Snapshot – As of June 1, 2026

Wednesday, June 3rd, 2026

What is really happening in the Calgary Real Estate Market?

The following graph shows the months of inventory for each housing sector. Looking at a one-year trendline gives you an indication of where things are really heading.

Graph shows the months of inventory for all sectors in the Calgary Real Estate Market

Graph shows the months of inventory for all sectors in the Calgary Real Estate Market

Gord’s commentary for the month (just my opinion).

May Highlights

  • Total Sales were up 2.76% from last month however this number has been up over 10% this year so sales are slowing.
  • Prices in all Sectors combined remained flat.
  • Year to date prices have gained $15,800 over all categories.

Calgary Listing Inventory

All sectors saw an increase in Inventory which is normal for this time of year. Total Inventory increased by 13.04%

Calgary Sales

Calgary overall sales increased by 11.86% in April. We can expect this trend to continue until June. All sectors saw an increase, and they ranged from 10.88% to 12.5%.

 Sales Compared to 2025: 

As you can see sales in 2026 compared to 2025 are lower. As you can also see the May difference is twice what the April difference is. This is a sign that the market as starting to cool.

  Dec Jan Feb March  April   May  
2025 1318 1449 1718 2156 2230 2559
2026 1126 1234 1526 1881 2104 2162
Change -192 -215 -192 -275 -126 -397
% Change -14.5% -14.9% 11.1% -12.8 -9.4 -18.4%

 

Calgary Real Estate Benchmark Sales Prices:

The overall Benchmark price increased by $1,700   Both the Detached and the Semi-Detached sectors made gains while the Attached Row and Apartment Condo Sector both lost a little. Overall, very stable conditions.

 

Current Months of Inventory (Absorption Rate): 

The overall months of Inventory increased by .28 in May. The largest gain is by far the Apartment Condo Sector which gained .69, followed by Attached Row homes at .46 increase.

 

My Prediction for what is ahead:

Now that we are into June, we can expect the number of sales and the number of new listings to continue to decrease until the then of the year. Based on what I cam seeing the Detached and Semi-detached homes should remain very stable while we are highly likely to see some more pricing decreases in the Attached Row and Apartment Condo sectors.

 

Special Note: What I am seeing on the street is inconsistent with the numbers above. What I am referring to is there seems to be significant differences in communities, for example inner city detached homes are remarkably busy and many of them are going into competing offers while the newer communities are struggling with a lot of inventory.

 

* All numbers vary by community and price ranges, if you would like stats specifically for your neighbourhood, please contact us.

Summary of the Calgary Real Estate Board Realtors Stats

Summary of the Calgary Real Estate Board Realtors Stats

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Calgary Housing Market – May 1, 2026

Friday, May 1st, 2026

What is really happening in the Calgary Real Estate Market?

The following graph shows the months of inventory for each housing sector. Looking at a one-year trendline gives you an indication of where things are really heading.  As you can see the state of the market did not change much during April.

Graph shows the months of inventory for all sectors in the Calgary Real Estate Market

Graph shows the months of inventory for all sectors in the Calgary Real Estate Market

Gord’s commentary for the month (just my opinion).

April Highlights

  • Sales and inventory both increased at the same rate
  • Pricing overall increased but not substantially
  • Months of Inventory remained constant.
  • Not too much excitement in these numbers and that okay.

 

Calgary Listing Inventory

All sectors saw an increase in Inventory which is normal for this time of year.  Increases ranged from 9.27% to 13.16%.  We can anticipate this number to continue to increase until June.

 

Calgary Sales

Calgary overall sales increased by 11.86% in April. We can expect this trend to continue until June. All sectors saw an increase, and they ranged from 10.88% to 12.5%.

 

Sales Compared to 2025: 

As you can see sales in 2026 compared to 2025 are lower. Seems the difference is getting smaller every month.  As mentioned before these sales levels are still above the long-term average so nothing concerning here.

  November  December January February March  April   
2025 1793 1318 1449 1718 2156 2230
2026 1553 1126 1234 1526 1881 2104
Change -240 -192 -215 -192 -275 -126
% Change -13.4% -14.5% -14.9% 11.1% -12.8 -9.4

 

Calgary Real Estate Benchmark Sales Prices:

The overall Benchmark price increased by $3,200 or .57% in April. The larger gains were in the Detached and Semi-detached sectors of $4,100 each.  The Attached row sector declined by $1,000 and the Apartment sector increased by $1,100 This is showing an indication that Apartment condominiums may have hit there low and might show less decreases that past soft markets.

 

Current Months of Inventory (Absorption Rate): 

The overall months of Inventory decreased by only .03 so all sectors remained flat through April.

 

My Prediction for what is ahead:

Based on the numbers for the last two months it looks like we are going to see the Detached Sector and the Semi-detached sector favor sellers more while the Apartment Condo and Attached -Row sector will remain flat.

 

Special Note: What I am seeing on the street is inconsistent with the numbers above.  What I am referring to is there seems to be significant differences in communities, for example inner city detached homes are remarkably busy and many of them are going into competing offers while the newer communities are struggling with a lot of inventory.

Summary of the Calgary Real Estate Board Realtors Stats

Summary of the Calgary Real Estate Board Realtors Stats

  • Note – These numbers will vary substantially from Community to Community.  If you would like info on your community contact us. 

 

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Calgary Housing Market – Jan 1, 2026

Saturday, January 3rd, 2026

What is really happening in the Calgary Real Estate Market?

The following graph shows the months of inventory for each housing sector. Looking at a one-year trendline gives you an indication of where things are really heading.

Graph shows the months of inventory for all sectors in the Calgary Real Estate Market

Graph shows the months of inventory for all sectors in the Calgary Real Estate Market

 

Gord’s commentary for the month (just my opinion).

Hope you had a wonderful holiday season!

January 1, 2026, Highlights

Inventory dropped by almost 31% while sales decreased by 27.5% decreasing our Months of Inventory by .17 A decrease in both these numbers is very expected as December gets people focused on family and the holidays.

I will add a note that the Calgary Real Estate Board indicated that the demand pressure eased up due to a reduction in migration and heightened levels of uncertainty.

 

Calgary Listing Inventory

The Calgary listing inventory decreased by between 26.75% to 30.8% so very consistent across the board. Now that we have hit January, I fully expect these numbers to increase going forward. As you can see from the graph, the number of listing for Apartment Condos decreased more than other sectors.

 

Calgary Sales

Sales in December declined overall by 27.5%. Apartment Condos declined by 11% while semi detached homes dropped by 42.1%. Apartment condominiums faired way better than every other sector and it suggests to me that people saw a good buying opportunity as the prices have declined substantially.

 

Sales Compared to 2024: 

 December saw a decline in sales over December 2024; my belief is that this is due to a strong 2024 and a more moderate 2025. Also, the numbers are consistent over the last 6 months.

 

  July August  Sept October  November  December
2024 2374 2182 2000 2167 1793 1318
2025 2099 1989 1720 1885 1553 1126
Change -275 -193 -280 -282 -240 -192
% Change -11.6% -9.7% -14. % -13.1 -13.4% -14.5%

 

Calgary Real Estate Benchmark Sales Prices:

The overall benchmark Price declined .77% during December. The highest decline was in the detached sector at 2.18%.

 

Calgary Real Estate Prices for 2025 – Here are the numbers.

Calgary Sales Prices Year to Date
Sales Prices BM Price Jan 1, 2025 Benchmark December Change Change %
Detached 747,500 726,900 -20,600 -2.76%
Semi Detached 677,600 666,800 -10,800 -1.59%
Attached – Row 447,400 421,300 -26,100 -5.83%
Apartment 332,400 303,600 -28,800 -8.66%
Total City 583,300 554,700 -28,600 -4.90%

 

As you can see all sectors declined over the year – consistently. This is simply a correct from 2024 when we had no inventory and we were seeing competing offers on every sale, so prices were shooting upwards. The market is simply trying to find where it should be.

Current Months of Inventory (Absorption Rate): 

The overall months of Inventory increased by .17 Again this was driven mostly by the Apartment Condo Sector (-.95) and the Semi-Detached (.69).

 

My Prediction for what is ahead: 

My short-term prediction is that in January we are going to see inventory grow more that sales growth softening the market. My reasoning is that in December we saw 865 listings expire and 905 listings terminated. There is always a high number in December and many of these listings will get relisted in January. I will be attending the Calgary Real Estate Boards forecast in late December so this will be me more facts on what they predict for the next year. Stay tuned.

 

*Below is a summary of numbers in chart form. All numbers are taken from the Calgary Real Estate Boards monthly Stats package.

* All numbers vary by community and price ranges, if you would like stats specifically for your neighbourhood, please contact us.

Calgary Real Estate Board Realtors Stats

Summary of the Calgary Real Estate Board Realtors Stats

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Calgary Housing Market: Dec 1, 2025

Monday, December 1st, 2025

What is really happening in the Calgary Real Estate Market?

The following graph shows the months of inventory for each housing sector. Looking at a one-year trendline gives you an indication of where things are really heading.

Graph shows the months of inventory for all sectors in the Calgary Real Estate Market

Graph shows the months of inventory for all sectors in the Calgary Real Estate Market

Gord’s commentary for the month (just my opinion).

December 1, 2025, Highlights

Inventory levels declined by 13.75% in November while sales decreased by 17.61% in November. This trend of decreased inventory and Sales is very normal for November.

*** The Months of Inventory for Apartment condominiums in November rose by .92 to 5.5 months – very deep into a buyer’s market. Prices overall fell by $9000 in November which was consistent across all Sectors except Detached Homes that only decreased by $1,300.

Calgary Listing Inventory

Calgary inventory levels are 28% higher than last year and over 15% higher than typical levels reported in November. As you can see from the graph the Apartment Condo market and to a lesser extent the Attached Row Sectors are driving the high inventory levels.

 Calgary Sales

Sales in November decreased overall by 17.61% and this is typical for November.

 

 

Sales Compared to 2024: 

 

November saw a decline in sales over November

2024, my belief is that this is largely due to a very strong 2024 and a more moderate 2025.

 

  June July August  Sept October  November 
2024 2374 2374 2182 2000 2167 1793
2025 2286 2099 1989 1720 1885 1553
Change 88 -275 -193 -280 -282 -240
% Change -.04 -11.6% -9.7% -14. % -13.1 -13.4%

 

Calgary Real Estate Benchmark Sales Prices:

The overall Benchmark price for November decreased by $9,000 or 1.58%   Most of this decline is from the Apartment Condo sector ((2.8%). The Attached Row Sector declined by1.58%, and the Semi-detached sector by 1.67%. The detached home sector showed the lowest decline at only .17%.

 

Current Months of Inventory (Absorption Rate): 

The overall months of Inventory increased by .16 Again this was driven mostly by the Apartment Condo Sector and the Attached Row sector.

 

My Prediction for what is ahead: 

My prediction over the short term is for more of the same for the next 3-4 months. I could be wrong here as we personally have seen a heightened amount of new activity in December. The heightened activity is for us, and the market numbers are certainly not showing it yet.

 

*Below is a summary of numbers in chart form. All numbers are taken from the Calgary Real Estate Boards monthly Stats package.

* All numbers vary by community and price ranges, if you would like stats specifically for your neighbourhood, please contact us.

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Calgary Housing Market – Nov 1, 2025

Tuesday, November 4th, 2025

What is really happening in the Calgary Real Estate Market?

The following graph shows the months of inventory for each housing sector. Looking at a one-year trendline gives you an indication of where things are really heading.

Graph shows the months of inventory for all sectors in the Calgary Real Estate Market

Graph shows the months of inventory for all sectors in the Calgary Real Estate Market

Gord’s commentary for the month (just my opinion).

November 1, 2025, Highlights

Pace of new listings growth slows, preventing further inventory gains. October we saw a decrease in Inventory along with an increase in Sales lowering our Months of Inventory. This is a reverse to our normal trend as normally as we get closer to the new year sales go down.

Calgary Listing Inventory

In October, our listing inventory decreased marginally by 6.64% or 445 listings. The largest decrease was in detached homes (9.0%). One important thing to note is that 71% of this decrease was in the last week of the month. Often Realtors set their listings to expire are the end of the month so we might see a very quick rebound if those listings get relisted.

 Calgary Sales

For October, our sales increase by 165 sales or 9.59% which is the opposite direction of what normally happens in October and what we were all expecting. I have also personally noticed an increase in the number of Buyer’s I’m assisting. This leads me to believe that some of those people who have been sitting on the sidelines are now making the move so our market may start to change direction again.

Sales Compared to 2024: 

September saw a decline in sales from August (14%.). This is higher than the last 3 months of 9.7%, 11.6% showing that the market continues to cool.

 

  May June July August  Sept October  
2024 3090 2374 2374 2182 2000 2167
2025 2568 2286 2099 1989 1720 1885
Change -522 88 -275 -193 -280 -282
% Change -16.89 -.04 -11.6% -9.7% -14. % -13.1

 

Calgary Real Estate Benchmark Sales Prices:

The overall Benchmark price for August decreased by .84%. The lowest decrease was in the Semi-Detached sector at .25% and the highest price decline was in the Attached Row sector at -1.35%.

Current Months of Inventory (Absorption Rate): 

The total months of Inventory as of November 1 decreased by .59 die to lower inventory and higher sales. The only sector that saw and increase in months of inventory was the Attached Row sector and its increase was only .22.

My Prediction for what is ahead: 

Although we saw a shift in a lower inventory and increased sales this month, I still believe we will stay in a balanced/buyers’ market for some time until there is a little more certainty in Canada with US Tariffs etc. I do however believe when we get some certainty, we could end up back in a strong Sellers market as there are a lot of people sitting on the fence right now.

 

*Below is a summary of numbers in chart form. All numbers are taken from the Calgary Real Estate Boards monthly Stats package.

* All numbers vary by community and price ranges, if you would like stats specifically for your neighbourhood, please contact us.

Graph shows the months of inventory for all sectors in the Calgary Real Estate Market

Graph shows the months of inventory for all sectors in the Calgary Real Estate Market

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Posted in Blog, Condos, Market Snapshot, Property Values, Real Estate Board's Statistics | Comments Closed

Calgary Housing Market – Oct 1, 2025

Thursday, October 2nd, 2025

What is really happening in the Calgary Real Estate Market?

The following graph shows the months of inventory for each housing sector. Looking at a one-year trendline gives you an indication of where things are really heading. Notice the trend for Apartment Condos – Yellow line.

Graph showing Months of Inventory for Calgary Real Estate Market

Graph shows the months of inventory for all sectors in the Calgary Real Estate Market

 

Gord’s commentary for the month (just my opinion).

October 1, 2025, Highlights

The cooling trend continues with inventory up and sales down. Of course, this leads to a higher Months of Inventory and price decreases across all Sectors.

 

Calgary Listing Inventory

In September, our listing inventory increased marginally by 3.83% or 255 listings. The largest increase was in detached homes (4.92% and Semi-Detached (16.86%). The only sector to decrease was Attached Row Homes by four listings.

 Calgary Sales

August reported a decline of 13.52% in sales from August. A portion of this is normal as sales always decline as we near the end of the year however this is a significant decline, and it put us under the long-term average for the first time in a long time.

 Sales Compared to 2024: 

 September saw a decline in sales from August (14%.). This is higher than the last 3 months of 9.7%, 11.6% showing that the market continues to cool.

 

  April May June July August  Sept
2024 2876 3090 2374 2374 2182 2000
2025 2236 2568 2286 2099 1989 1720
Change -640 -522 88 -275 -193 -280
% Change -22.25% -16.89 -.04 -11.6% -9.7% -14. %

 

Calgary Real Estate Benchmark Sales Prices:

The overall Benchmark price for August decreased by .76% The lowest decrease was in the Semi-Detached sector at .35% and the highest price decline was in the Apartment Condo sector at -1.1%.

Current Months of Inventory (Absorption Rate): 

The total months of Inventory from Sept 1 to Oct 1 climbed by .67 This puts the entire market in a buyer’s market position. The smallest increase was in the Attached Row sector (.36), and the highest change was in the Semi-Detached sector (1.39)

My Prediction for what is ahead: 

In the short term (3-6 months), I believe, based on our trend is that we will continue to see our months of Inventory increase slightly every month which will put the entire market into a more balanced territory with prices decreasing slightly. What is interesting is when you look at specific communities some are up, and some are down. It is important to note that the Apartment Condo sector now has Months of Inventory at almost five which is the highest we have seen in a couple of years.

 

*Below is a summary of numbers in chart form. All numbers are taken from the Calgary Real Estate Boards monthly Stats package.

* All numbers vary by community and price ranges, if you would like stats specifically for your neighbourhood, please contact us.

Calgary Real Estate Board Realtors Stats

A Summary of the Calgary Real Estate Board Realtors Stats

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Posted in Blog, Market Snapshot, Real Estate Board's Statistics | Comments Closed

Calgary Housing Market – Sept 1, 2025

Tuesday, September 2nd, 2025

What is really happening in the Calgary Real Estate Market?

The following graph shows the months of inventory for each housing sector. Looking at a one-year trendline gives you an indication of where things are really heading.

Graph showing Months of Inventory for Calgary Real Estate Market

Graph showing Months of Inventory for Calgary Real Estate Market

 

Gord’s commentary for the month (just my opinion).

Sept 1, 2025, Highlights

The month of inventory rises again.

Inventory is down in all Sectors.

Prices are creeping down from last years highs.

 

Calgary Listing Inventory

For the month of August our Inventory decreased in all sectors. A decreasing inventory in August is quite typical at this time of year as less people want to list their home at the end of the summer. The trend of decreasing inventory is to be expected until the start of 2026.

 

Calgary Sales

August reported 1,989 sales, nearly nine per cent lower than last year. Sales have slowed compared to the elevated levels reported over the past four years. However, activity is still above long-term trends, reflecting relatively strong demand.

 

Sales Compared to 2024: 

Compared to July of 2024 our sales were down 193 or 9.7%. While this drop seems significant, it is because last year was an abnormally high month/year of sales. We are still trending above long-term averages in sales showing a relatively strong market.

 

  March April May June July August  
2024 2658 2876 3090 2374 2374 2182
2025 2159 2236 2568 2286 2099 1989
Change -499 -640 -522 88 -275 -193
% Change -18.88 -22.25% -16.89 -.04 -11.6% -9.7%

 

Calgary Real Estate Benchmark Sales Prices:

The overall Benchmark price for August was down by $5,700 or .98% The main cause of this is our increased supply level giving buyers more choices. This decrease was seen across all sectors.

 

Current Months of Inventory (Absorption Rate): 

The months of inventory increased by only .05% however we saw a large loss of .37 in the Semi-Detached sector while all the other sectors increased. As you can see from my graph at the top the Apartment Condo sector continues to trend the highest.

 

My Prediction for what is ahead: 

In the short term (3-6 months), I believe, based on our trend is that we will continue to see our months of Inventory increase slightly every month which will put the entire market into a more balanced territory with prices decreasing slightly. What is interesting is when you look at specific communities some are up, and some are down. It is also interesting to note that while the only sector showing to be in a buyer’s market is the Apartment Condo sector but buyers in all sectors are acting like we a in a full-blown buyer’s market.

* All numbers vary by community and price ranges, if you would like stats specifically for your neighbourhood, please contact us.

 

See Calgary Real Estate Stats Below:

Calgary Real Estate Board Realtors Stats

A Summary of the Calgary Real Estate Board Realtors Stats

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Posted in Blog, Home Buyers, Home Sellers, Market Snapshot, Real Estate Board's Statistics | Comments Closed

Calgary Housing Market – August 1, 2025

Saturday, August 2nd, 2025

What is really happening in the Calgary Real Estate Market?

The following graph shows the months of inventory for each housing sector. Looking at a one-year trendline gives you an indication of where things are really heading.

Graph showing Months of Inventory for Calgary Real Estate Market

Graph showing Months of Inventory for Calgary Real Estate Market

 

Gord’s commentary for the month (just my opinion).

June 1, 2025, Highlights

Months of Inventory Increases again!

Prices Decline overall

Apartment Condos are now in Buyer’s market territory.

 

Calgary Listing Inventory

Our Inventory stayed steady for the month of July ending with 24 less listings that in June.

The only sector that saw an increase in inventory was the Attached Row sector and it was only 26 listings higher.

 

Calgary Sales

Sales for July were down by 187 sales overall.  Of this decrease the largest sector was the detached home sector with 163 less sales. The only sector that saw an increase in sales was the Attached Row sector with an increase of 25 sales.  Sales slowing in July is a normal pattern with summer holidays starting and stampede week slower sales are expected.  We can expect every month between now and the end of the year to have lower sales.

 

Sales Compared to 2024: 

Compared to July of 2024 our sales were down 275 or 11.6%.   While this drop seems significant, it is because last year was an abnormally high month/year of sales.

 

  Feb March April May June July
2024 2132 2658 2876 3090 2374 2374
2025 1721 2159 2236 2568 2286 2099
Change -411 -499 -640 -522 88 -275
% Change -19.28 -18.88 -22.25% -16.89 -.04 -11.6%

 

Calgary Real Estate Benchmark Sales Prices:

The overall Benchmark price for July was only $3,300 lower than at the end of June.  The largest sector change was in the Attached Row sector which declined by $4,100.  The only sector that gained in July was the Semi-Detached sector which increased by $1,100

 

Current Months of Inventory (Absorption Rate): 

The Months of Inventory for July increased overall by .26

All sectors had similar increases except the Attached row sector which decreased by .16

Important to note that the Apartment Condo Sector has now officially moved into Buyer’s market territory.

 

My Prediction for what is ahead: 

In the short term (3-6 months), I believe, based on our trend is that we will continue to see our months of Inventory increase slightly every month which will put the entire market into a more balanced territory with prices decreasing slightly.  What is interesting is when you look at specific communities some are up, and some are down.  It is also interesting to note that while the only sector showing to be in a buyer’s market is the Apartment Condo sector but buyers in all sectors are acting like we a in a full blown buyers market.

 

Calgary Real Estate Board Realtors Stats

Calgary Real Estate Board Realtors Stats

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Posted in Blog, Market Snapshot, Real Estate Board's Statistics | Comments Closed

Calgary Housing Market: May 1, 2025

Thursday, May 1st, 2025

What is really happening in the Calgary Real Estate Market you ask?

 The following graph shows the months of inventory for each housing sector. Looking at a one-year trendline gives you an indication of where things are really heading.

Graph showing Months of Inventory for Calgary Real Estate Market

Months of Inventory for Calgary Real Estate Market

 

Gord’s commentary for the month ( my opinion).

 May1, 2025, Highlights

April showed a modest softening in all Sectors with prices remaining steady even with the market softening.

 

Calgary Listing Inventory

April saw another increase in our inventory levels, part of this being seasonal and part is showing a softening of the market. The increase overall was 13.83%. The Attached – Row sector increased by 21.7% and Semi – Detached homes showed a 19.2% increase while the Apartment sector increased by only 9.18%.

 

Calgary Sales:

Throughout April our sales overall increased by only 3.57% over March. All sectors’ sales grew at a similar rate except the Attached-Row sector which saw a decline of 11.25% This makes sense to me as in my opinion the attached-row sector has been over performing compared to the other sectors.

 

Sales Compared to 2024: 

Compared to April  of 2025 our sales were down 22.25%

Yes, this is a big slowdown, however we must remember that Feb through June of last year!

were all record-breaking months so it would bee unrealistic to expect the same.

  Nov Dec Jan Feb March April
2024 1783 1362 1649 2132 2658 2876
2025 1797 1322 1451 1721 2159 2236
Change 14 40 198 -411 -499 -640
% Change .8% -3.0% 12.1 -19.28 -18.88 -22.25%

 

Calgary Real Estate Benchmark Sales Prices:

The overall Benchmark price for April was only $1.400 lower than at the end of March. All market sectors were similar except the Attached- Row sector which increased by .75%

 

Current Months of Inventory (Absorption Rate): 

With the increase in inventory much larger that the increase in sales our Months of Inventory increased in all sectors by between .00 to .30 again except Attached-Row homes that showed an increase of .77  The changes over the last few months have now put every Sector into a balanced market position except detached homes that remain just into a Sellers Market Position.

 

My Prediction for what is ahead: 

In the short term (3-6 months), I believe, based on our trend is that we will continue to see our months of Inventory increase slightly every month which will put the entire market into a more balanced territory giving Buyer’s and Seller’s equal power.

 

*Below is a summary of numbers in chart form. All numbers are taken from the Calgary Real Estate Boards monthly Stats package.

*All numbers vary by community and price ranges, if you would like stats specifically for your neighbourhood, please contact us.

Stats from the Calgary Real Estate Board

Calgary Real Estate Board Realtors Stats

Calgary Real Estate Board Realtors Stats

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Posted in Blog, Market Snapshot, Real Estate Board's Statistics | Comments Closed

Calgary Real Estate Market Snapshot – March 1, 2025

Monday, March 3rd, 2025

What is really happening in the Calgary Real Estate Market?

 Following is a graph that shows the months of inventory for each housing sector. Looking at a one-year trendline gives you an indication of where things are really heading.

Graph showing Months of Inventory for Calgary Real Estate Market

Graph showing Months of Inventory for Calgary Real Estate Market

 

 

Gord’s commentary for the month (just my opinion).

 March 1, 2025 Highlights

Calgary’s sales increase over January outpaced the listing inventory by 4.71% moving the entire market to a slightly deeper Seller’s market.  What I am noticing is that Buyer’s are acting more like we are in a Buyer’s market and not rushing into their purchase.

Calgary Listing Inventory

Throughout February our listing inventory increased in all housing sectors by a total of 13.9%.  In my opinion this is simply a seasonal adjustment, and we will likely see similar increases until mid year.

Calgary Sales:

Throughout February our Sales increased by 18.61% over January.  Again, sales increasing is typical of this time of year.  Looking at sales it is important to note that Sales were higher in February than our historical February average although they are lower than the last few years.  We should see this trend for the next six months.

 Sales Compared to 2023: 

Sales in January compared to February 2025 were down by 19.28% compared to February 2024 showing a slight slowdown.

  Sept Oct Nov Dec Jan Feb
2023 2430 2169 1783 1362 1649 2132
2024 2003 2174 1797 1322 1451 1721
Change -427 5 14 40 198 -411
% Change 17.6% .2% .8% -3.0% 12.1 -19.28

 

Calgary Real Estate Benchmark Sales Prices:

The overall Benchmark price in February increased by $4,600 or .79%

The largest increases were in the Detached and Semi-detached sectors. Of interest the Attached Row sector only increased by $1,800 which is low compared to recent history. The Apartment sector increased by $2800 in February.

 

Current Months of Inventory (Absorption Rate): 

With our Sales increasing at a slightly higher rate than our Inventory the Months of Inventory decreased by .1 in February.  Increases were seen in the Detached and Semi-Detached Sectors while the Attached Row and apartment Condo sector both decreased.

 

My Prediction for what is ahead: 

First, I will say that anything could happen with the change in the US government and how the Canadian government will react with new tariff situation – today this is anyone’s guess.

Putting that aside, here is what it looks like to me. We are already in a tight (Seller’s market) to start off the new year. This combined with lower interest (more to come) which increases demand. In my opinion this indicates that we should have another busy year in Real Estate unless the Trump factor kicks in then it’s anyone’s guess.  Unfortunately, it sure looks like there is going to be a lot of uncertainty throughout Trumps entire term which will hold the entire market back somewhat.

I do believe there is a pent-up demand – at my open house this weekend I had over 40 people come through in just over 2 hours. Yes, there are a lot of people looking.

*Below is a summary of numbers in chart form. All numbers are taken from the Calgary Real Estate Boards monthly Stats package.

 

*All numbers vary by community and price ranges, if you would like stats specifically for your neighbourhood, please contact us.

Calgary Real Estate Board Realtors Stats

Calgary Real Estate Board Realtors Stats

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Posted in Blog, Market Snapshot, Property Values, Real Estate Board's Statistics | Comments Closed

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