Calgary Real Estate Market - Is it now the time to sell?

Calgary Real Estate Market Update – Is Now the Right Time to Sell?

As we step into 2025, Calgary’s real estate market is showing signs of change. After three years of low inventory and fast-rising prices, January saw a 70% increase in inventory levels compared to last year. But what does this mean for sellers looking to list their homes? Let’s break it down.

Increased Inventory – A Great Opportunity for Sellers

With inventory levels rising to 3,639 units in January, more buyers are entering the market with expanded choices. The biggest gains are coming from apartment-style condominiums, but detached, semi-detached, and row homes are also seeing increased availability. While supply is still below traditional January levels, demand remains strong, creating favorable conditions for sellers.

Is It Still a Seller’s Market?

The months of supply—the time it would take to sell all current listings at the current sales pace—reached 2.5 months in January. While this is higher than last year’s extremely low one-month supply, it still indicates a competitive market for sellers. Detached and semi-detached homes continue to experience strong demand, while higher-priced condominiums are seeing more balance.

Home Prices Remain Strong

The citywide benchmark price in January was $583,000, up nearly 3% from last year. Detached home prices continue to rise, with an unadjusted benchmark price of $750,800—7% higher than last January. Semi-detached and row homes also saw annual price increases of over 8% and 14%, respectively. While price growth is stabilizing, sellers can still capitalize on significant gains from previous years.

Airdrie, Cochrane, and Okotoks – What’s Happening in the Surrounding Markets?

For those considering selling in nearby cities, Airdrie, Cochrane, and Okotoks remain attractive markets:

• Airdrie: Inventory has improved, and the months of supply now sit at 2.6, keeping demand steady. The benchmark price is $537,300—up nearly 4% from last year.

• Cochrane: Increased listings have brought inventory to 156 units, helping balance the market. The benchmark price is $565,900, up nearly 5% from last year.

• Okotoks: Inventory remains tight with only 68 available homes, sustaining strong pricing. The benchmark price is $614,900, up 5% from last year.

What Does This Mean for Sellers?

If you’ve been considering selling your home, 2025 presents an excellent opportunity. With demand remaining high and prices still trending upward, listing your property now could result in a strong return. However, pricing your home strategically and leveraging expert marketing will be key to attracting serious buyers.

Thinking of Selling? Let’s Talk

Selling in Calgary’s evolving market requires expertise and the right strategy. If you're considering listing your home, I can help you maximize its value and find the right buyer quickly.

Contact me today for a free home evaluation and personalized selling strategy.