Calgary Real Estate Market Update – March 2025: A Shift to Balance

The Calgary housing market is seeing a major shift in 2025, with a 102% increase in inventory compared to last year. If you've been watching the market, you’ve likely noticed more ‘For Sale’ signs popping up—and that’s because we’re moving away from the ultra-competitive seller’s market of the past few years.

Let’s dive into the latest stats and what they mean for buyers and sellers.

Market Snapshot: March 2025

• Benchmark Price: $592,500 (+0.1%)

• Total Sales: 2,159 (-18.8%)

• New Listings: 4,019 (+26.7%)

• Inventory: 5,154 (+102.4%)

• Months of Supply: 2.39 (+149.2%)

• Days on Market: 29 (+42.9%)

What’s Driving the Change?

Ongoing economic uncertainty and shifting consumer confidence have slowed demand, leading to an 18.8% drop in sales compared to March 2024. However, sellers are still listing their homes, with new listings up 26.7%, contributing to the inventory surge.

With 5,154 homes on the market, buyers now have more choices than they’ve seen in years. This increase has pushed months of supply up to 2.39 months, signaling a transition toward more balanced conditions after years of tight inventory.

What This Means for Buyers

If you’ve been holding off on purchasing due to intense bidding wars and limited options, this market shift is great news. With more homes available, buyers can take a more measured approach, compare options, and potentially negotiate better terms.

However, while inventory has increased, prices remain stable, meaning desirable properties are still moving quickly. If you're planning to buy, it's still important to be pre-approved and ready to act when you find the right home.

What This Means for Sellers

The days of homes flying off the market in a matter of hours may be behind us—at least for now. With more competition, pricing strategically is more important than ever. Overpricing in this market can result in longer days on market and price reductions down the line. Well-presented homes priced competitively will still sell, but sellers may need to adjust expectations from the frenzied conditions of 2023 and 2024.

Final Thoughts

The Calgary real estate market is shifting, but that doesn’t mean it’s a bad time to buy or sell—it just means strategies need to adjust. Buyers have more options, and sellers need to ensure their homes stand out.

Thinking about making a move? Let’s chat about how this market shift affects your real estate goals. Whether you’re buying or selling, we can help you navigate the changes and make informed decisions.

📩 Get in touch today!