Courtesy of Ryan Torris

SUPPLY LEVELS IMPROVE IN JANUARY

CALGARY

AIRDRIE

BENCHMARK PRICE Current: $750,800 Last Mo.: 0.4 % Last Yr.:7.0 %

BENCHMARK PRICE Current: $537,300 Last Mo.: -0.01% Last Yr.: 3.6%

City of 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.

DAYS ON MARKET

DAYS ON MARKET

46

41

NEW LISTINGS

NEW LISTINGS

2,896

222

ACTIVE LISTINGS

ACTIVE LISTINGS

3,639

295

SOLD LISTINGS

SOLD LISTINGS

1,451

112

Stats Reflective of January 2025 Source: CREB ®

Stats Reflective of January 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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