Courtesy of Matthew Dekort

Supply levels improve in January

$331,400 apartment

$750,800 detached

UP 5.3% year-to-year

UP 7.0% year-to-year

BENCHMARK PRICES

$444,900 rowhouse

2,896 NEW LISTINGS 1,451 SOLD LISTINGS

detached 1,228 922 apartment detached 674 370 apartment

UP 4.9% year-to-year

50.1% SALES TO NEW LISTING RATIO

41 DAYS ON MARKET

2.5 MONTHS OF INVENTORY

3,639 ACTIVE LISTINGS

Calgary, February 3, 2025: Following three consecutive years of limited supply choice, inventory levels in January rose to 3,639 units. While the 70 per cent year-over-year gain is significant, inventory levels remain lower than the over 4,000 units we would typically see in January. Inventories rose across all property types, with some of the largest gains driven by apartment-style condominiums. “Supply levels are expected to improve this year, contributing to more balanced conditions and slower price growth,” said Ann-Marie Lurie, Chief Economist at CREB. “However, the adjustment in supply is not equal amongst all property types. Compared with sales, we continue to see persistently tight

conditions for detached, semi-detached and row properties while apartment condominiums show signs of excess supply for higher priced units.” Rising supply resulted from a boost in new listings compared to sales. New listings rose to 2,896 units in January, compared to 1,451 sales. Sales in January were down by 12 per cent compared to last year. However, even with a pullback in sales, levels remained nearly 30 per cent higher than levels typically recorded in January. Statistics reflect market activity in January 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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