Real Estate Market Report | Calgary | March 2025
Strong Prices Amidst Softening Sales
With the looming threat of US tariffs on the horizon, homebuyers are looking to see what the final implications may be – the good news is that selling with Bōde mitigates that risk entirely by maximizing your equity, you’ll outperform traditional methods of buying and selling.
We help provide home buyers and sellers with the data they need to be successful. When you have access to accurate and relevant data, you can be more confident in setting the price of your home and selling it or buying at the right price.
With many important factors to consider (what kind of home you have, what community etc.), it’s important to look specifically at what the housing market is doing in your neighbourhood.
Bōdesellers are more successful and actually make more money, on average, than the rest of the market. We are also here to make sure you have the information you need to make the decisions that are right for YOU!
So what's happening in the Calgary real estate market as of March 2025?
Let’s start with a Macroeconomics view
To understand what’s happening in the real estate market you have to look at supply and demand.
The best proxies for supply and demand are:
Supply
New supply: New Listings (i.e. the number of homes recently listed for sale)
Total supply: Inventory (i.e. the total number of homes listed for sale)
Demand
Sales (i.e. the number of homes recently sold)
Supply & Demand
Months of Supply (i.e. the number of months it would take to sell all current inventory at the current rate of sale)
These metrics are the best indicators of the health of the real estate market. Let’s look at what they show us.
Calgary’s market is slowing down in sales (-20%), but prices are still rising, with the benchmark price up 5.1% year-over-year to $576,800. Inventory has increased 19%, and months of supply has jumped 39%, indicating that buyers now have more options. However, a 1.29% month-over-month price increase suggests sustained confidence in the market. While fewer transactions are taking place, price resilience remains strong, largely due to Alberta’s continued economic stability and population growth.
Calgary's Detached Homes
Detached homes are seeing sales fall sharply (-31%), even as new listings decline (-21%). Inventory has dipped 11%, yet months of supply has surged 47%, suggesting a shift in demand dynamics. Despite this, prices are still up 3.5% year-over-year, and the month-over-month jump of 3.16% signals that sellers are still commanding strong prices in this segment. Buyers have more negotiating power, but prices may remain firm unless sales drop further.
Calgary's Apartments
Apartments are one of the more stable sectors in Calgary, with sales down only 3%, while inventory has surged 31%. With new listings up 17%, supply is expanding to meet demand. The benchmark price has increased 6.33% year-over-year, showing that condos are gaining popularity among affordability-focused buyers. However, with only a 0.15% price increase month-over-month, this segment may be reaching a pricing plateau.
Calgary's Attached Homes
Attached homes (townhouses and duplexes) are experiencing moderate declines in sales (-12%), while inventory has jumped 21%. With months of supply up 29%, the market is transitioning from the tight seller’s market seen in previous years. However, a 3.42% price increase month-over-month and 4.86% year-over-year growth show that this sector remains in demand. Buyers looking for affordability compared to detached homes are keeping prices on a steady upward trajectory.
It’s critical to understand the dynamics in your local property market
To understand your local property market you need to look at your local data. Head over to Bōde’s new and improved Market Data dashboard, the only place where you can see all the data yourself, including being able to filter on community, property type, and price range to see exactly what’s happening where you live.
You can also see the sold price of any home that has sold in the last 2 years using Bode’s Sold Data page.
If you’re thinking about selling, take a look at how Bōde helps sellers sell for 1.3% higher prices while paying 50% less commission.
Want to Buy or Sell Your Home easily?
Welcome to Bōde
Bōde has created a marketplace to allow you to get transparent home data, set your price, and list your home on MLS (and 1000+ more sites). We will advertise your home and walk you through the whole sale process for 1% up to a maximum of $10K, only when the home sells.
Looking to buy? Bōde empowers buyers to purchase any Bōde property – for no charge.
With your free Bōde account, you don’t need an agent – you are completely in charge of your home sale or purchase and get to keep more of the money you invested in your home!
Get started at bode.ca
Why Bōde?
What homeowners are saying about Bōde
