Calgary Real Estate Market Update – March 2025: City & Surrounding Areas

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Calgary’s real estate landscape continues to evolve amid economic uncertainty and shifting supply–demand dynamics. In March 2025, while overall sales have declined, rising inventory and strategic pricing are nudging the market toward a more balanced state. In this post, we take a deep dive into the latest statistics—including benchmark prices, sales figures, inventory levels, and sales-to-listings ratios—for Calgary as well as neighboring cities like Airdrie, Cochrane, and Okotoks.

City of Calgary: Market Overview

• Total Residential Sales: 2,159 units, marking a 19% year-over-year decline.

• New Listings: Approximately 4,019 new listings pushed the overall inventory to 5,154 units, resulting in about 2.4 months of supply.

• Benchmark Price: The unadjusted residential benchmark price remains stable at roughly $592,500.

• Sales-to-New-Listings Ratio (SNLR): Currently at 54%, signaling a more balanced market compared to the seller-dominated conditions of previous years.

These figures indicate that while buyer activity has slowed amid economic concerns, improved supply levels are giving buyers more options and increasing their negotiating power in this competitive Calgary real estate market.

Detailed Property Type Analysis

Detached Homes

• Sales: 1,035 units (down 10% YoY)

• Inventory: 2,205 units

• Months of Supply: Approximately 2.13 months

• Benchmark Price: $769,800 (up about 4% YoY)

Detached homes continue to perform strongly in Calgary despite the overall market slowdown. Limited supply in higher-end segments drives price gains—a key factor for buyers searching for “detached homes in Calgary” and “luxury Calgary homes.”

Semi-Detached Homes

• Sales: 184 units (26% YoY decrease)

• Inventory: 413 units

• Months of Supply: Around 2.24 months

• Benchmark Price: $691,900 (up nearly 5% YoY)

This segment remains attractive to buyers who seek a balance between affordability and quality, making “semi-detached homes Calgary” an important keyword for potential homebuyers.

Row (Townhouse) Homes

• Sales: 400 units (down 11% YoY)

• Inventory: 826 units

• Months of Supply: Roughly 2.07 months

• Benchmark Price: $454,000 (a modest 2% increase YoY)

Increased new listings in the row home sector have created a more balanced market. Keywords such as “Calgary townhouses” and “row homes Calgary” are vital for attracting buyers in this category.

Apartment Condominiums

• Sales: 540 units (down 34% YoY)

• Inventory: 1,710 units

• Months of Supply: Approximately 3.17 months

• Benchmark Price: $336,100 (up nearly 3% YoY)

Even though apartment sales have dropped significantly, increased inventory offers more choices. This segment is crucial for “Calgary condo apartments” and “affordable Calgary apartments” searches.

Regional Market Insights: Calgary Area Cities

Airdrie

• Sales & Inventory: Airdrie recorded 160 sales in March with first-quarter sales around 395 units—a decrease of about 11% YoY.

• Benchmark Price: Detached benchmark price reached approximately $651,300, up over 2% YoY.

• SEO Focus: Keywords such as “Airdrie real estate” and “homes for sale in Airdrie” are essential for capturing regional traffic.

Cochrane

• Sales & Activity: Cochrane’s sales have remained steady compared to last year, with new listings supporting inventory growth.

• Benchmark Price: Detached homes hit a record high at around $686,800, a 5% YoY increase.

• SEO Focus: Phrases like “Cochrane homes for sale” and “Cochrane real estate market” help target this audience.

Okotoks

• Sales & Inventory: Okotoks had 129 first-quarter sales (down from 155 last year) and maintains low inventory levels—keeping months of supply below two.

• Benchmark Price: Detached homes set a new record at about $715,500, with over 5% YoY growth.

• SEO Focus: Use keywords such as “Okotoks real estate” and “Okotoks homes for sale” to draw local searchers.

Sales Versus Listings: A Closer Look

For Calgary overall, the sales-to-new-listings ratios by property type are:

• Detached Homes: ~55%

• Semi-Detached Homes: ~55%

• Row Homes: ~57%

• Apartment Condominiums: ~49%

These ratios reflect the transition from a historically tight seller’s market to a more balanced arena—crucial for search phrases like “balanced market Calgary” and “Calgary MLS statistics.”

What This Means for Buyers and Sellers

For Buyers:

• More Options: Increased inventory across apartments and row homes means greater choice and improved negotiation power.

• Balanced Market Conditions: A 54% sales-to-listings ratio signals fair pricing and opportunities for buyers searching for “affordable Calgary homes.”

For Sellers:

• Strategic Pricing: Sellers should price competitively to attract buyers in this evolving market.

• Emphasize Value: Detached and semi-detached homes continue to perform well—making “Calgary detached homes for sale” a key term for potential sellers.

Conclusion: A Market in Transition

March 2025 marks a period of balance for Calgary’s real estate market. Although sales have slowed, increased listings and steady price growth provide both opportunities and challenges for buyers and sellers. With the inclusion of high-impact SEO keywords such as “Calgary real estate,” “Calgary housing market update,” and “Calgary property market trends,” this post is optimized to reach a broad audience and go viral.

For more detailed statistics and expert insights, be sure to consult the latest CREB® Monthly Statistics and local market reports. Whether you’re planning to buy or sell, working with a knowledgeable REALTOR® will help you navigate this dynamic market.

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Disclaimer: This post is based on data from industry sources such as CREB® and should not be considered financial advice. Always consult with a licensed real estate professional before making any decisions.

Feel free to reach out for further insights on how to navigate Calgary’s evolving market!