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February 12, 2025
Calgary home sales dropped 12% year-over-year in January 2025 but remained 30% above the seasonal average, according to the Calgary Real Estate Board (CREB). Inventory levels rose 70% year-over-year, reaching 3,639 units, though still below typical January figures. CREB anticipates improving supply levels, leading to more balanced conditions and slower price growth, with tight inventory persisting for detached, semi-detached, and row properties. The months of supply increased to 2.5 months, still low for winter, with variations across property types. Detached homes saw a 29% rise in new listings, though sales slowed, keeping prices stable at a $750,800 benchmark. Semi-detached and row homes had higher inventory, easing price pressures, while semi-detached homes reached a benchmark price of $673,600, up 8%. Apartment condos experienced a surge in listings, pushing the supply to 3.5 months, with a benchmark price of $331,400—5% higher year-over-year but slightly lower than the previous month.
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