Courtesy of Matthew Dekort
Sales remain above long-term trends despite declines
$334,200 apartment
$760,500 detached
UP 4.0% year-to-year
UP 5.1% year-to-year
BENCHMARK PRICES
$446,800 rowhouse
2,830 NEW LISTINGS 1,721 SOLD LISTINGS
detached 1,265 852 apartment detached 765 473 apartment
UP 2.8% year-to-year
60.8% SALES TO NEW LISTING RATIO
33 DAYS ON MARKET
2.4 MONTHS OF INVENTORY
4,145 ACTIVE LISTINGS
Calgary, March 3, 2025: 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. “Even though more people listed their homes for sale, there were actually fewer sales than in February 2024. So, we’re seeing the seller’s market of the past two or three years ease off,” said Alan Tennant, President and CEO of CREB ® .
“In turn, that’s caused the pace at which prices are increasing to slow down a bit, which should come as welcome news for buyers.” There were 1,721 sales in February, which was above historical averages for the month but 19 per cent lower than levels seen last year and significantly lower than the record levels seen in the post-pandemic period. New Listings in February reached 2,830, roughly in line with historical averages for the month. Statistics reflect market activity in February 2025 | Source: CREB ® Calgary Real Estate Board. Market values stated are of the benchmark of the city of Calgary. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.
Matthew Dekort B.Comm., ABR ® , SRES ® Cell: 403.680.2729 | www.MatthewDekort.com | Matthew@MaxWellExpertsPlus.ca
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