Calgary Real Estate Report: Calgary Housing: Inventory Floods Market as Listings Crush Sales 2-to-1
New listings swamp sales. Buyers finally catch a break.
THE 3-SECOND BRIEF
- The Pulse: The Flood – New listings outpaced sales 2-to-1, pushing inventory higher.
- For Buyers: Leverage is building. More options, less urgency, room to negotiate.
- For Sellers: Price it right or watch it sit. The market isn't rewarding wishful thinking.
CALGARY — March opened with a classic spring market signal: inventory is piling up. Forty-five new listings hit the market on Day 1, while only 20 homes traded hands. The math is simple—Calgary's active inventory climbed to 4,887 units, a net gain of 25 properties in a single day. For buyers nursing sticker shock from the past few years, this is the window opening.
The Daily Numbers
- Daily Sales: 20
- New Listings: 45
- Net Inventory Change: Growing (+25)
- Today's Average Price: $698,705
That $698,705 average price runs $75K hotter than the year-to-date average of $623,912, suggesting today's transactions skewed toward the upper end of the market. Whether it's luxury detached homes or prime inner-city properties, the buyers who moved today weren't chasing bargains—they were chasing quality. The median price of $603,000 tells a more grounded story: half the deals closed below that mark, reflecting steady activity in Calgary's bread-and-butter segments.
Monthly Trends
- Month-to-Date Sales: 20
- Month-to-Date Listings: 45
- Total Active Inventory: 4,887
It's Day 1, so monthly totals are early reads. But the 4,887 active listings already eclipse January's 4,391-unit high—the most January inventory Calgary had seen since 2020. That 21% year-over-year jump in supply, particularly in apartments and row houses, is redefining leverage. Sellers who dominated the conversation two years ago are now competing for attention. With mortgage rates holding steady in the 4-6% range and the Bank of Canada's overnight rate locked at 2.25%, financing costs aren't getting worse—but they're not rescuing overpriced listings either. The market is settling into a rhythm: fair pricing wins, fantasies lose.
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