A Shift Toward Balance: What Buyers and Sellers Need to Know Now
Ongoing economic uncertainty and rising inventory levels are shifting Calgary’s housing market—marking the most significant change we've seen in years. In March 2025, Calgary saw a 19% decline in year-over-year sales, driven in part by tariff threats and consumer caution. But this slowdown doesn’t tell the whole story.
According to the Calgary Real Estate Board (CREB®), sales remained stronger than anything seen between 2015 and 2020, highlighting that today’s market isn’t crashing—it’s correcting. New listings surged by 27%, and inventory levels more than doubled, creating more balanced conditions after four years of intense seller-favoured activity.
March Calgary Real Estate Market 2025 at a Glance:
- Sales: 2,159 (⬇️ 19% YoY)
- New Listings: 4,019 (⬆️ 26.7% YoY)
- Inventory: 5,154 homes (⬆️ 102.4% YoY)
- Benchmark Price (All Property Types): $592,500 (↔ from last year)
- Sales-to-New-Listings Ratio: 54%
- Months of Supply: 2.4 (⬆️ from under 1 month in March 2024)
With more listings and softer demand, months of supply—a key measure of market balance—rose to 2.4, compared to under 1.0 just a year ago. This metric tells us how long it would take to sell all active listings at the current sales pace. Anything under 2.5 typically favours sellers; over 4.0 begins to favour buyers.
Missed last month’s insights? Read the February 2025 Calgary Real Estate Market Update to see how trends have shifted.
Housing Prices Remain Stable Despite Market Shift
Despite the market cooling, benchmark prices continue to hold steady—or rise slightly. The detached and semi-detached segments remain strong, hitting new price peaks in some districts. Meanwhile, row and apartment prices are holding just below their 2024 highs, reflecting a shift in buyer preference as inventory levels rise.
CREB STATISTICS - March 2025
Where Calgary Home Prices Are Rising—and Where Buyers Have Leverage
Real estate trends can vary significantly by community. Here's a look at which Calgary districts saw the biggest changes in March 2025:
West Calgary: Biggest price growth (⬆️1.8% YoY) – Strong demand for detached and semi-detached homes, especially in upper price points, continues to drive appreciation.
City Centre & North West: Solid momentum (⬆️1.8% and ⬆️0.9% YoY respectively) – Detached homes in these areas are holding firm or climbing, particularly in the $800,000+ segment.
North East & East Calgary: More balanced growth (⬆️0.7% and ⬆️0.1% YoY) – Inventory has climbed faster here, softening price pressure. Apartments and entry-level homes remain popular.
Tightest Supply: North West, South, and South East – These districts continue to have some of the lowest months of supply (1.6–1.9 months), keeping conditions competitive for buyers.
More Negotiation Room: City Centre Apartments & North East Row Homes – With months of supply over 3.0, these segments are seeing less competition and more opportunity for buyer leverage.
What This Means for Calgary Home Buyers
If you’ve been sitting on the sidelines, this is your opportunity.
- More listings mean more choice.
- Less competition means less pressure.
- Months of supply are rising, giving buyers stronger negotiating power.
This market offers a rare window where timing and strategy matter more than speed. Conditions are especially favourable if you’re buying a home over $800,000, where supply levels are rising fastest.
What This Means for Calgary Home Sellers
If you’re selling, it’s no longer about listing and waiting for a bidding war.
- Pricing and presentation are critical.
- Buyers have more options, so standing out matters more.
- Homes are still holding value—but only with the right strategy.
Benchmark prices are still near record levels in many districts. With a strategic listing approach, professional staging, and proper pricing, you can still get strong results—even in a market that’s shifting toward balance.
Calgary Real Estate Market Outlook - Spring 2025
- Expect conditions to continue stabilizing through spring, with more selection for buyers and a renewed focus on marketing for sellers.
- If uncertainty continues to affect consumer confidence, the current pace of price growth could remain modest.
Have Questions About Buying or Selling A Calgary Home?
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.
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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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