City of Calgary Monthly Statistics– March 2025

Calgary Real Estate Market Update – March 2025

The Calgary housing market experienced a notable shift in March 2025, as economic uncertainty and tariff-related concerns tempered buyer activity. However, despite the moderation in sales, the market continues to show resilience, particularly when compared to the challenging years between 2015 and 2020.

Overall Market Conditions

March saw 2,159 residential sales across all property types in Calgary—a 19% year-over-year (Y/Y) decline. This decrease reflects a softening of demand, which has been balanced by an influx of new listings. With 4,019 new listings entering the market and total inventory rising to 5,154 units, the sales-to-new-listings ratio dropped to 54%, signaling a gradual shift toward more balanced market conditions.

The total residential benchmark price for Calgary remained stable at $592,500, reflecting a 0% year-over-year change. While price growth has slowed, it's worth noting that overall home values remain strong, especially in the detached and semi-detached segments.

Detached Homes: Moderate Slowdown with Price Growth

Detached sales came in at 1,035 units, down 10% from last year. However, inventory climbed to 2,205 units, and the months of supply rose to 2.13. The rise in available listings has provided some relief to buyers, especially in higher price segments.

Benchmark prices for detached homes rose to $769,800, an increase of 4% year-over-year, with the strongest gains seen in the City Centre district.

Semi-Detached Homes: Highest Price Growth Amid Declining Sales

The semi-detached market posted 184 sales, a significant 26% Y/Y decrease. Inventory rose to 413 units, and months of supply reached 2.24.

Despite slower sales, prices have remained robust. The benchmark price hit $691,900, marking a 5% Y/Y increase—the highest among all housing types this month.

Row Houses: Balanced Supply Brings Price Stability

Row home sales reached 400 units, a drop of 11% Y/Y. Inventory levels climbed to 826 units and months of supply reached 2.07.

The benchmark price for row homes was $454,000, a 2% increase from last year, though still below peak pricing seen in June 2024.

Apartments: Largest Sales Drop with Flattening Prices

Apartment sales saw the steepest drop at 34% Y/Y with 540 units sold. Inventory surged to 1,710 units, pushing months of supply up to 3.17.

Benchmark pricing remained at $336,100, a 3% Y/Y increase, but prices are still below the August 2024 peak.

District-Level Benchmark Prices – March 2025

District	Benchmark Price	Y/Y % Change
City Centre	$595,300	+1.8%
North	$560,200	+0.6%
North East	$513,100	+0.7%
North West	$650,300	+0.9%
West	$721,100	+1.8%
East	$429,800	+0.1%
South	$587,700	+1.2%
South East	$585,000	+0.8%

Charts & Graphs

Sales vs Inventory by Property Type

 

Benchmark Prices by Property Type

 

Months of Supply by Property Type

 

What This Means for Buyers and Sellers

For Buyers:

• More inventory and selection, especially in apartments and row homes
• Balanced market conditions mean increased negotiation power
• Stable pricing offers more predictable budgeting

For Sellers:

• Homes are still selling, especially when priced right
• Competition is growing—strategy matters
• Detached and semi-detached homes are performing well

Conclusion: A Market in Transition

March 2025 marks a period of balance for Calgary real estate. While sales have slowed, increased listings and moderating price growth offer both opportunities and challenges. Whether you’re buying or selling, working with a knowledgeable REALTOR® will help you navigate this shifting landscape. full details here (pdf)

© All information herein deemed reliable, but not guaranteed. Copyright © 2025, Diane Richardson, all rights reserved.| Last Updated: April 2025