Courtesy of Ryan Torris

SALES REMAIN ABOVE LONG-TERM TRENDS DESPITE DECLINES

CALGARY

AIRDRIE

BENCHMARK PRICE Current: $ 592,500 Last Mo.: 0.8 % Last Yr.:0.1 %

BENCHMARK PRICE Current: $544,900

City of Calgary, April 1, 2025 Ongoing economic uncertainty, driven by tariff threats, has weighed on consumer confidence and impacted housing activity in March. Sales declined by 19 per cent year over-year, totaling 2,159 units. Sales slowed across all property types, with the steepest declines seen in higher-density segments. “It is not a surprise to see a pullback in sales given the uncertainty,” said Ann-Marie Lurie, Chief Economist at CREB ® . “However, it is important to note that sales still remain stronger than anything reported throughout 2015 to 2020, where our economy faced significant economic challenges and job loss. Nonetheless, easing demand has been met with gains in new listings and rising inventories, helping our market shift back toward balanced conditions, following four consecutive years where the market favoured the seller.” March reported over 4,000 new listings, causing the sales-to-new-listing ratio to drop to 54 per cent, low enough to support further inventory gains. Total residential inventory levels reached 5,154 units, and the months of supply pushed up to 2.4 months.

Last Mo.: 1.4% Last Yr.: 0.8%

DAYS ON MARKET

DAYS ON MARKET

37

29

NEW LISTINGS

NEW LISTINGS

4,019

280

ACTIVE LISTINGS

ACTIVE LISTINGS

5,154

398

SOLD LISTINGS

SOLD LISTINGS

2,159

160

Stats Reflective of March 2025 Source: CREB ®

Stats Reflective of March 2025 Source: CREB ®

Market values stated are of the average 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.

Market values stated are of the average of Airdrie. 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.

Source: CREB ®

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R yan T orris REALTOR ® - TOP PRODUCER - OWNER Real Estate Agent, 1forAll Charity Contributor 403.710. SOLD (7653) concierge@blackrockre.ca www.blackrockre.ca @blackrockre

201, 120 2nd Ave NE Airdrie, AB T4B 2N2

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