Calgary Real Estate Report: The Freeze: Calgary's Housing Market Doubles Down on Inventory as Sales Crater

THE 3-SECOND BRIEF

• The Pulse: The Flood—New listings are crushing sales velocity. This is a buyer's market.
• For Buyers: You have the leverage. Take your time. Lowball with confidence. Sellers are desperate for velocity.
• For Sellers: Cut your price now or watch your listing rot for months. The market has turned on you.

CALGARY, AB — The Calgary housing market has entered a full-blown supply glut, and sellers are paying the price. Active inventory has exploded by 103.89% compared to two years ago, while sales have collapsed by 28.42% over the same period. This is not a seasonal blip—this is a structural reset. The days of bidding wars and weekend offers are over. Buyers now have the upper hand, and they know it.

The Hard Numbers

• Active Inventory: 4,873 units (up 103.89% vs. Feb 2024, up 16.44% vs. Feb 2025)
• Citywide Benchmark Price: $560,500 (down 3.36% vs. Feb 2024, down 4.40% vs. Feb 2025)
• Recent Sales vs New Listings: Week of Feb 25–March 3: 738 new listings, 378 sales—supply is outpacing demand by nearly 2:1
• Days on Market: 42 days (up 75% vs. Feb 2024, up 27.27% vs. Feb 2025)

The vibe is unmistakable: this is what a buyer's market looks like when it arrives with force. The condo oversupply that made headlines is real, but it is not contained—detached homes, townhouses, and apartments are all seeing the same pattern. Sales velocity has plummeted while inventory has doubled in two years. The result? Listings are sitting longer, sellers are cutting prices, and buyers are no longer sprinting to closing. Higher rates and wavering confidence have done their job. The market has cooled, and it is not warming back up anytime soon.

Sellers who refuse to adjust will learn a brutal lesson: in a flooded market, hope is not a pricing strategy. Buyers will make you wait.