Balanced Conditions Take Pressure Off Prices
The Calgary real estate market is showing signs of stabilization this spring as rising inventory levels help create more balanced conditions. According to the latest report from the Calgary Real Estate Board (CREB®), April saw a significant boost in new listings, with inventory levels rising to 5,876 units. While this is more than double the inventory reported at this time last year, it brings current supply levels back in line with Calgary’s traditional April norms.
Sales activity in April reached 2,236 units, marking a 22% decline compared to the same month last year. However, it’s important to note that last year’s activity was unusually high. When compared to longer-term historical averages, this year’s sales remain consistent with typical April trends.
A Closer Look at the Market Dynamics
“Economic uncertainty has weighed on home sales in our market, but levels are still outpacing activity reported during the challenging economic climate experienced prior to the pandemic,” said Ann-Marie Lurie, Chief Economist at CREB®.
Several factors have contributed to maintaining a healthy level of activity:
- Strong migration into Calgary over the past few years
- Relatively stable employment rates
- Lower lending rates compared to peak levels
- Improved supply, offering more choice for buyers
Thanks to these factors, the market avoided a more significant pullback, and home prices have remained relatively stable.
Key April 2025 Stats
- 📈 Inventory: 5,876 active listings (double last year’s levels)
- 📉 Sales: 2,236 homes sold (22% down YoY, but aligned with long-term trends)
- ⚖️ Market Balance: Nearly 3 months of supply, shifting the market into more balanced territory
Price Trends Across Property Types
While overall prices have stabilized month-over-month, year-over-year comparisons show modest increases:
- Detached and Semi-Detached Homes:📈 Prices up over 2% compared to April 2024📉 Lower-priced homes remain in short supply, keeping competition strong in this segment
- Row and Apartment-Style Homes:➡️ Prices are relatively unchanged compared to last year➡️ More inventory available, supporting broader balanced conditions
What This Means for Buyers and Sellers
✅ For Buyers:More inventory means more choice. Balanced conditions take away some of the urgency seen in the past few years, allowing buyers to negotiate more confidently—especially in higher-density housing segments.
✅ For Sellers:While the market isn’t as overheated as it was, well-presented and well-priced homes, especially in lower price ranges, continue to sell efficiently. Sellers need to be strategic with pricing and presentation to stand out in a more competitive market.
Ready to Navigate Calgary’s Shifting Market?
Whether you’re buying, selling, or investing, understanding these evolving market dynamics is key. As an experienced Calgary real estate professional, I can help you build a strategy that aligns with today’s opportunities.
📞 Contact me today for a personalized consultation and let’s position you for success this spring!
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