Calgary's real estate market is continuing its shift in 2025, balancing out from the high-paced, ultra-competitive environment we saw in recent years. With more inventory, easing sales, and steadier price growth, we’re seeing a market that gives buyers a bit more breathing room while still offering strong value for sellers who price right. February 2025 saw higher inventory levels, stabilizing home prices, and continued demand, though at a more sustainable pace than previous years.
If you're buying or selling in Calgary, understanding these trends will help you make smarter, more confident real estate decisions.
Let's break down what’s happening across the market—including sales trends, pricing, inventory levels, and how different districts are performing.
Calgary Real Estate Sales Trends: More Listings, But Slower Sales
February 2025 saw 1,721 home sales, marking a 19% decline compared to February 2024. While this drop might seem significant, sales levels are still above Calgary’s long-term historical averages. What we’re seeing is a shift from the red-hot pandemic-era seller’s market toward a more balanced, sustainable real estate landscape.
- Detached homes: 765 sales (⬇️20% YoY)
- Semi-detached homes: 165 sales (⬇️14% YoY)
- Row/townhouses: 318 sales (⬇️9% YoY)
- Condo apartments: 473 sales (⬇️26% YoY)
This moderation is giving buyers more options and time to make decisions—something that was rare in Calgary's market over the past couple of years. However, demand is still out there, especially in certain price segments, and well-priced properties are moving.
One bright spot? Sales were up ⬆️ 18% from January 2025 real estate market, following the typical seasonal pattern as we move toward the busier spring market.
Inventory & Market Balance: More Calgary Homes to Choose From
One of the biggest stories this month is rising inventory. At 4,145 active listings, Calgary has 76% more homes on the market than a year ago. This is the second month in a row with a major inventory increase, giving buyers more selection.
- New listings in February: 2,830 (⬆️4% YoY)
- Months of supply: 2.4 months (double last year’s level)
This shift in inventory means the market is moving away from an extreme seller’s market. While sellers still hold an advantage in many areas, the days of multiple offers on almost every property are fading. Homes are spending more time on the market—an average of 33 days, compared to 24 days a year ago.
✅ What this means for buyers: More homes to choose from, fewer bidding wars, and potentially better negotiating power.
✅ What this means for sellers: Homes are still selling, but pricing right from the start is crucial. Overpriced homes are sitting longer.
Calgary Price Trends: Steady Growth, But at a More Moderate Pace
Despite rising inventory, Calgary’s home prices have remained strong, though the rapid appreciation seen in past years is slowing down.
- Total Residential Benchmark Price: $587,600 (⬆️0.9% YoY)
- Detached Homes: $760,500 (⬆️5.1% YoY)
- Semi-Detached Homes: $683,500 (⬆️6.9% YoY)
- Row/Townhouses: $446,800 (⬆️2.8% YoY)
- Apartments: $334,200 (⬆️4.0% YoY)
The biggest price gains are happening in semi-detached homes and detached houses, while townhomes and condos are seeing more modest growth due to increasing supply. Buyers looking for more affordability continue to gravitate toward condos and townhouses, where price growth has been slower.
District Breakdown: Some Areas Growing Faster Than Others
Real estate trends can vary significantly by community. Here’s a look at which areas saw the most significant price shifts in February 2025:
- East Calgary: Biggest price growth (⬆️3.2% YoY) – More affordable housing options are in high demand.
- South & North West: Continued tight supply – These districts have the lowest months of supply (~1.6 months), meaning demand is still strong.
- City Centre & North Calgary: Flat to slight declines – Condo-heavy areas remain more balanced, leading to softer price growth.
For buyers, this means some districts still see strong competition, while others offer better opportunities. If you’re looking for a deal, areas with rising inventory—like condos in the inner city—may offer more negotiation room.
Economic Uncertainty & Market Confidence
Outside of real estate fundamentals, broader economic trends are playing a role in how buyers and sellers approach the market.
✅ Tariffs & Construction Costs: Ongoing tariffs on lumber and steel are keeping new home prices elevated, pushing more buyers into the resale market. If you’re buying a brand-new home, expect higher costs due to material price inflation.
✅ Economic Uncertainty: Buyers are watching interest rates and the economy closely. With questions about potential rate cuts later in 2025, some are waiting to see what happens before making a move.
✅ Mortgage Rates & Affordability: While rates have stabilized, affordability remains a challenge for some buyers. If borrowing costs ease in the coming months, we could see a surge in demand.
- Advice for buyers: If you find the right home, consider locking in rates now before potential future increases.
- Advice for sellers: With more homes on the market, pricing competitively is more important than ever.
Final Thoughts: A More Balanced Market in 2025
The Calgary real estate market is shifting toward balance. While prices remain strong, buyers now have more options, and sellers must be more strategic to attract offers. Sales remain above long-term trends, but the days of automatic bidding wars are winding down.
✅ Buyers: More choice and less pressure to rush into a decision.
✅ Sellers: The right strategy—pricing, staging, and marketing—matters more than ever.
Thinking about buying or selling in 2025? Let’s talk! The Marnie Campbell Real Estate Team is here to help you navigate the changing market and make confident, informed decisions.
With over 800 successful real estate transactions, the Marnie Campbell Real Estate Team has the experience and proven strategy to help you buy, sell, or invest with confidence.
Schedule a no-obligation consultation today and let’s talk about your next move in Calgary real estate.
The Marnie Campbell Real Estate Team can help you make better real estate decisions, so you have no regrets buying a home.
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This report is based on data from the Calgary Real Estate Board (CREB®) and other market research sources. While every effort has been made to ensure accuracy, the information provided is subject to change and should not be considered financial or real estate advice. Always consult with a licensed real estate professional before making any buying, selling, or investment decisions.
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