While astronauts head to the moon and the Middle East is engulfed in war, our local Calgary real estate market continues to show some resiliency. Job numbers remain stable in Alberta, interest rates have been stable as well and buyers are ready to make decisions this spring.
It is hard to predict what the longer-term impacts will be of the economic uncertainty globally but here are the highlights of the Q1 stats across our four property categories.
Detached
- Months of inventory dropped to 2.22 which means that all houses would sell in 2.22 months if no new listings came on (at the current rate of sales). This is a seller’s market.
- Days on market dropped slightly to 31 but is still well above the extreme lows we saw in the rush of 2024.
- Prices edged up 0.95% from February but are still down 3.3% year-over-year.
- Certain price categories and neighbourhoods are seeing a higher number of competing offers and very tight market conditions.
Semi-Detached
- Months of inventory increased from February to March, showing a tiny softening from 2.39 to 2.49.
- Days on market dropped from 45 to 38.
- Prices still rose 0.6% from February but are down 0.9% year-over-year.
- This has been a fairly resilient property type that has remained desirable and more stable than rowhome and apartment properties.
Rowhome
- Months of inventory dropped to 2.98, edging into a seller’s market.
- Days on market is similar to semi-detached at 37.
- Priced stayed basically flat with just a marginal increase from $423,600 to $423,900. The drop over time is much larger though, down 6.2% year-over-year.
- This is a property category that has seen a TON of building over the past few years, contributing to softening prices.
Apartment
- Highest months of inventory of all the categories – sitting at 4.62, this is a buyer’s market. If no new listings came on, it would take nearly 5 months for all listings to sell.
- Days on market higher than other categories as well, down from 54 in February to 45 in March.
- There was a marginal price increase from February ($298,600) to March ($300,300) but this property type is down 9.3% year-over-year and down 12% from peak pricing in mid 2024.
- This is by far our softest property type, with 29% fewer sales in March than in March 2025. It was also far less than the sales in March 2024, 2023 and 2022 but higher than the month of March in the pre-Covid and early Covid era.
We are here supporting our clients through their life transitions, whatever that may mean. One important thing to remember is that no matter what is going on in the world, there are still families having babies looking for more space, there are still deaths that mean a property needs to be sold, there are marriages and divorces and budding new property investors that want their first rental property.
Whether you are navigating a major life change or simply looking for a stable place to grow, we are here to support you with 20 years of local expertise.
