Calgary Real Estate Market Update: Signs of Easing in February 2025

📍 Published on: Your Blog

The Calgary real estate market is undergoing a significant shift, showing signs of easing after years of a strong seller's market. While sales declined, inventory levels grew substantially, giving buyers more options and moderating price growth across different property types.

Let’s dive into the latest insights from the February 2025 report by CREB® (Calgary Real Estate Board).

📊 Key Market Trends – February 2025

✅ Total Sales: 1,721 homes sold (⬇ 19.3% YoY), but still above historical averages
✅ New Listings: 2,830 homes, keeping pace with long-term trends
✅ Inventory Growth: ⬆ 75.6% to 4,145 units, offering more options for buyers
✅ Months of Supply: 2.41 months (more than double last year’s level)
✅ Benchmark Price: $587,600 (⬆ 0.9% YoY)

🏡 With more homes hitting the market and a slowdown in sales, buyers are gaining more leverage than in recent years.bruary 2025 report by CREB® (Calgary Real Estate Board).

🏡 Calgary Property Market: How Each Home Type Performed in February 2025

The Calgary real estate market is shifting, and different property types are responding in unique ways. Here’s a breakdown of how home values have changed across the city:

🔹 🏠 Detached Homes – $760,500 (+5.1% YoY)
✅ Remains the most in-demand property type
✅ Higher price growth due to limited inventory

🔹 🏡 Semi-Detached Homes – $683,500 (+6.9% YoY)
✅ Strongest price growth among all property types
✅ Buyers seeking affordability over detached homes

🔹 🏘️ Row Homes (Townhouses) – $446,800 (+2.8% YoY)
✅ Moderate appreciation with more supply entering the market
✅ Still a popular choice for first-time buyers and downsizers

🔹 🏢 Apartments – $334,200 (+4.0% YoY)
✅ The fastest-growing inventory segment
✅ West Calgary led with an 8% year-over-year price jump

📌 What This Means: While all property types saw price increases, the pace of growth is slowing as inventory rises. This creates more opportunities for buyers while keeping strong values for sellers.

🏙️ District Highlights

📍 City Centre & North: Prices declined slightly
📍 East District: Highest price growth at over 3% YoY
📍 West District (Apartments): Fastest-growing price sector at 8% YoY

📊 More insights:

• The North East and City Centre areas are trending toward balanced market conditions
• South and North West remain supply-constrained, with just 1.6 months of supply
• The East District’s row home market saw a staggering 12% price increase

📉 Why the Market is Slowing Down

Alan Tennant, CEO of CREB®, explains the shift:

"Even though more people listed their homes for sale, there were actually fewer sales than in February 2024. So, we’re seeing the seller’s market of the past two or three years ease off. In turn, that’s caused the pace at which prices are increasing to slow down a bit, which should come as welcome news for buyers."

What’s causing this?
✅ More listings = less competition
✅ Slightly higher interest rates cooling demand
✅ Buyers taking more time before making decisions

🔎 What This Means for Buyers & Sellers

🔹 For Buyers: More options, less pressure—great time to shop!
🔹 For Sellers: Prices remain strong, but a competitive pricing strategy is key.

📌 With inventory increasing but sales slowing, the Calgary market is shifting toward a balanced market. While bidding wars are less frequent, home values remain stable.

🚀 Looking Ahead: What to Expect This Spring

📅 The spring market is traditionally the busiest season for real estate. Here’s what could happen:

✔ More homes will hit the market, giving buyers better selection
✔ Sellers may need to be strategic with pricing as competition rises
✔ Interest rates and affordability will continue to play a key role in demand

📢 Thinking about buying or selling? Let’s chat and strategize your next move in the Calgary real estate market.

🏡With 23 years in Calgary real estate, I know the market inside and out. Whether you're selling or hunting for the perfect home, I'll make the process smooth and stress-free.

📩 **Let’s connect - Call me at 403.875.7629