Calgary's Housing Market: Balancing Act in a Shifting Landscape
Calgary's housing market is currently a mixed bag, with daily price fluctuations and a clear seasonal slowdown. Despite recent dips, the overall year-to-date picture for 2025 remains robust, highlighting Calgary's enduring appeal.
Looking at the immediate past, this past Sunday, November 2, saw a low of just 23 homes sold, a stark contrast to October 29's peak of 68. The daily median price also dipped from $595,000 on October 30 to $500,000 by November 2. This daily volatility can make it tricky for buyers, potentially offering windows for better deals, and for sellers, demanding strategic pricing. Active listings slightly declined from 6,700 to 6,501, suggesting a tightening market where well-priced homes may still move quickly.
As we step into November, the monthly figures clearly show a typical seasonal slowdown for Calgary. With just 67 sales and 105 new listings recorded at the start of November, compared to October's 1,797 sales and 3,102 new listings, inventory is easing. For local Calgarians, this means fewer new homes hitting the market, a common trend as winter approaches. This also translates to a less frantic pace for buyers, offering more time to consider options, while sellers might need to adjust expectations for longer listing times, especially for higher-priced properties.
Despite these short-term shifts, Calgary's real estate market has shown remarkable resilience throughout 2025. With 20,185 total sales year-to-date and an average price holding steady around $630,230, the market continues its strong pace. This robust performance, even amidst easing interest rates which boost buyer confidence, confirms Calgary remains a highly desirable place to live. The city's consistent population growth continues to fuel demand, making 2025 another strong year for Calgary's dynamic housing landscape.
