Calgary Real Estate Market Update – February 2025

by Justin Negenman

After three years of limited inventory, January saw a 70% increase in available homes, bringing total inventory to 3,639 units. While this is a significant gain, it remains below the 4,000+ units we typically see this time of year.

Key Highlights:

Supply is increasing – Apartment-style condos saw the largest inventory boost, but all property types are seeing more availability.

Still a seller’s market – Months of supply reached 2.5 months, an improvement from last year but still considered low for winter.

Prices remain strong – The citywide benchmark price is $583,000, up 3% from last year.

Detached homes: $750,800 (+7% YoY)

Semi-detached: $673,600 (+8% YoY)

Row homes: Prices up 14% YoY

Condos: $444,900 (+5% YoY)

Airdrie: Inventory improving, prices at $537,300 (+4%)

Cochrane: More listings, prices at $565,900 (+5%)

Okotoks: Limited supply, prices at $614,900 (+5%)

What Does This Mean for You?

If you're thinking about selling, now is still a great time with strong demand and competitive pricing. Buyers are gaining more options, but well-priced homes are still moving quickly.

Thinking of buying or selling? Let’s chat about your best strategy for 2025!