Calgary Real Estate: Inventory Rises, Market Balances Amidst Seasonal Slowdown
Calgary's real estate market navigates a seasonal slowdown with rising inventory, shifting towards more balanced conditions. Sales slightly trail new listings, increasing choice for buyers, especially in the condo segment.
THE DAILY PULSE
Calgary's housing market is currently balancing typical winter moderation with evolving local dynamics. On December 9th, the city recorded 47 home sales against 51 new listings. This near one-to-one absorption rate marginally increased active listings to 5,321 units. While not aggressive, this daily snapshot hints at a slight expansion of buyer choice.
Implication: Buyers have slightly more selection, and sellers should prepare for properties to take a bit longer to sell, demanding realistic pricing from the outset.
MONTHLY TRENDS
So far in December, Calgary has seen 422 total sales and 543 new listings. This disparity between sales and new listings suggests a continuing build-up of available inventory. The month's average price stands at $622,639, notably lower than today's average, indicating that recent higher-priced transactions skewed daily figures.
Implication: Sellers, especially in condo and row home segments, must prioritize strategic pricing and strong marketing. With increasing inventory and moderating prices, overpricing will lead to extended listing times and multiple adjustments.
YEAR-OVER-YEAR CONTEXT
Looking at 2025 year-to-date, Calgary has recorded 22,088 total sales with an average price of $629,362. The broader market is transitioning towards more balanced conditions, with November active listings up a significant 28% year-over-year to 5,581 units, particularly in higher-density sectors. This increased supply has put downward pressure on benchmark prices, which saw a nearly 5% decline in November compared to last year. Macroeconomic factors are supportive, with the Bank of Canada holding its overnight policy rate at 2.25%, signaling stability.
Implication: Buyers, particularly first-timers and those eyeing apartment or row-style homes, are entering a more favorable environment with increased choice, potential for negotiation, and stable borrowing costs. While detached homes show resilience, the market's overall shift offers greater opportunity for patient buyers to secure value.
