The Calgary Real Estate Board released their latest market report for February 2025:

Sales remain above long-term trends despite declines

For the second month in a row, inventory levels saw substantial year-over-year growth, rising by 76 per cent to 4,145 units in February. While inventory increases were seen across all price ranges, the largest increases were in homes priced under $500,000; this increase was driven by substantial growth in the more affordable apartment and row/townhouse sectors. The overall months of supply were 2.4, similar to last month but more than double this time last year. Apartment-style units remained the most well-supplied at 3.1 months.

Detached Homes- Benchmark price $760,500 and 2.22 months of supply. Sales in February slowed to 765 units, nearly 20 per cent lower than last year. New Listings increased by nearly six per cent year-over-year to 1,265 units. The City Centre and North East districts continue to trend towards more balanced conditions, while the South and North West districts remain supply-constrained at approximately 1.6 months

Semi-detached Homes- Benchmark price $683,500  with 1.98 months supply. There were 240 new listings in February, a gain of seven per cent from 2024. Sales fell by nearly 14 per cent compared to 2024, slowing to 165 units.  There was a large variation in months of supply across the city, with a low of just one month in the North West district compared to a high of eight months in the East district.

Row Housing- Benchmark price $446,800 with 2.06 months of supply. Months of supply improved across the city; the South and East districts have the tightest conditions at under 1.5 months, while the North East district has almost three months

Apartments- Benchmark price $334,200 with 3.10 months of suppy. Driven by the record new listings, inventory increased by 90 per cent yearover-year and also pushed to near-record levels. Months of supply reached 3.1 months in February, a substantial 155 per cent increase over 2024 but still well below record levels seen in the period between the 2014 oil crash and the pandemic

Airdrie market- unadjusted benchmark price of homes is $537,600, with 2.8 months of supply. The overall Airdrie market fell roughly in line with its long-term averages in February, with sales declining while new listings and inventories rose to levels typical of the month.

Cochrane market- unadjusted benchmark price of homes $577,100, with 2.61 months supply. Inventory increased by over 48 per cent year-over-year to 196 units, the highest level seen in any month since the spring of 2021 but still below long-term averages for February in the Cochrane market

Okotoks market- unadjusted benchmark price of homes $616,900 with 1.53 months of supply. New listings increased by seven per cent compared to 2024, and, at 60 units, remained well below levels typically seen in February.

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The Calgary Real Estate Board released their latest market report:  Following three consecutive years of limited supply choice, inventory levels rose to 3,639 units. While the 70% year over year gain is significant, inventory levels remain lower than the over 4,000 units we would typically see in January, with some of the largest gains driven by apartment-style condominiums.

Detached Homes- Benchmark price $750,800 and 2.15 months of supply. With 1,448 units of inventory which is 27% lower than traditional levels. More balanced contions are taking shape in the City Centre and North East districts. On a seasonally adjusted basis prices have remained relatively stable since the second half of last year.

Semi-detached Homes- Benchmark price $673,600 with 1.92 months supply. Invenotry levels at 307 units. There is significant variation depending on district with some locations reporting higher months of supply and modest monthly price declines.

Row Housing- Benchmark price $444,900 with 2.38 months of supply. Inventory of 589 units is more than double the near-record low levels report last January. Improving supply has taken the pressure off home prices.

Apartments- Benchmark price $331,400 with 3.5 months of suppy. With inventory of 1,295 this is much higher than the levels seen over the past three years but nowhere near the 9 months of supply seen in the January before the pandemic. Improved supply has weighed on prices in the last 5 months, with some of the largest declines seen in the North, West, and South.

Airdrie market- unadjusted benchmark price of homes is $537,300, with 2.6 months of supply. Prices are up 4% since this time last year.

Cochrane market- unadjusted benchmark price of homes $565,900, with 2.2 months supply. Prices are up 5% since this time last year.

Okotoks market- unadjusted benchmark price of homes $614,900 an increase of 5% since this time last year.  With are 2.19 months of supply.

Click here to view the full City of Calgary monthly stats package.

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The Calgary Real Estate Board released their latest market report.  In November, increased sales in detached, semidetached, and row homes offset a decline in apartment condominium sales. The 1,797 sales for November mirrored last year’s levels and remained 20 per cent above long-term trends for the month

Detached Homes- benchmark price $750,100 an 7% increase since this time last year, with 2.14 months of supply.

Semi-detached Homes- benchmark price $675,100 an 8% increase since this time last year, with 2.10 months supply.

Row Housing- benchmark price $454,300, an 7% increase since this time last year, with 1.98 months of supply.

Apartments- benchmark price $337,800, an 9% increase since this time last year.  With 3.45 months of supply.

Airdrie market- unadjusted benchmark price of homes is $543,300, with 2.73 months of supply. Prices are up 4.1% since this time last year.

Cochrane market- unadjusted benchmark price of homes $568,600, with 2.65 months supply. Prices are up 3.8% since this time last year.

Okotoks market- unadjusted benchmark price of homes $624,00, an increase of 6% since this time last year.  With are 1.44 months of supply.

Click here to view the full City of Calgary monthly stats package.

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The Calgary Real Estate Board released their latest market report.  Sales gains for home priced above $600,000 offset declines at the lower end of the market, resulting in October sales that were similar to last year. The 2,174 sales in October increased over September and stood 24 per cent above long-term trends for the month.

Detached Homes- benchmark price $753,900 an 8.1% increase since this time last year, with 2.05 months of supply.

Semi-detached Homes- benchmark price $677,000 an 8% increase since this time last year, with 2.05 months supply.

Row Housing- benchmark price $456,600, an 8.1% increase since this time last year, with 2.22 months of supply.

Apartments- benchmark price $341,700, an 11.4% increase since this time last year.  With 2.84 month of supply.

Airdrie market- unadjusted benchmark price of homes is $546,300, with 2.37 months of supply. Prices are up 5.3% since this time last year.

Cochrane market- unadjusted benchmark price of homes $571,800, with 2.34 months supply. Prices are up 6.1% since this time last year.

Okotoks market- unadjusted benchmark price of homes $618,300, an increase of 6.3% since this time last year.  With are 1.72 months of supply.

Click here to view the full City of Calgary monthly stats package.

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The Calgary Real Estate Board released their lastet market report.  The market has shifted and the months of supply is up by 81.6%  and inventory up by 49.7% (since September 2023). We are reaching a balanced market, which is more stable situation for buyers and sellers.  

Detached Homes- benchmark price $757,100 this is a slight decline over prices last month, but a 9% increase since this time last year.

Semi-detached Homes- benchmark price $678,400, with just over 2 months supply currently favouring the seller.

Row Housing- benchmark price $459,200, with nearly 2 month supply which favours the sellers.  Prices are up by 10% since this time last year.

Apartments- benchmark price $345,000, with 75% of apartments priced over $300,000.  There is currently 3.2 month of supply and this is now a balanced market.

Aidrie market- unadjusted benchmark price of homes is $551,000, with 2.3 months of supply. Prices are up 7% since this time last year.

Cochrane market- unadjusted benchmark price of homes $578,300, with 3 months supply, making this a balanced market (this first time since the end of 2020).  Prices are up 9% since this time last year.

Okotoks market- unadjusted benchmark price of homes $630,300, this is 1% higher than last month, and 9% higher than this time last year.  There are 2 months of supply (not seen since early 2021).  

Click here to view the full City of Calgary monthly stats package.

Click here to view the full Calgary region monthly stats package.