Uncertainty is in the air, but that doesn’t mean opportunity isn’t on the table. If you’ve been watching the market and wondering what’s really going on behind the headlines, you're not alone. March brought a noticeable shift in Calgary’s real estate momentum. While economic uncertainty, particularly around potential new tariff, is weighing on consumer confidence, we’re also seeing some much-needed balance return to the market.
And balance? That can be a very good thing.
📉 Sales Dip, But We’re Still in a Strong Position Historically
March 2025 saw 2,159 total home sales, marking a 19% year-over-year decline. While that might sound dramatic at first glance, let’s put it in context:
“Sales still remain stronger than anything reported throughout 2015 to 2020,” says Ann-Marie Lurie, Chief Economist at CREB®. “We’re seeing a correction, not a collapse.”
In other words, we’re coming down from an extreme market, not heading into a downturn. This is a healthy reset, not a red flag.
📈 Listings Surge = More Options, Less Pressure
Over 4,000 new listings hit the market in March—a big jump that pushed total inventory to 5,154 active listings. This increase helped push the months of supply up to 2.4 months, creating more breathing room for buyers.
📉 The sales-to-new-listings ratio dropped to 54%, a strong indicator that we’re moving away from the intense seller's market we've been in for the past four years.
💰 Prices Remain Steady—Some Still Climbing
Despite fewer sales, home prices are holding up—especially in certain segments. The benchmark price for a residential home in Calgary in March was $592,500, nearly unchanged from last month and from March 2024.
Here’s how it breaks down by property type:
🏠 Detached Homes
Sales: 1,035 units (↓10% YoY)
Benchmark Price: $769,800 (↑4% YoY)
Hot Zones: City Centre saw some of the strongest price gains.
🎯 What This Market Means for You
✅ Buyers:
More listings and a more balanced market mean you now have a chance to shop with strategy—not stress. Whether you're a first-time buyer, investor, or looking to move up, this is the kind of environment where preparation and expert advice can give you an edge.
✅ Sellers:
Detached and semi-detached homes—especially in desirable areas—are still holding strong on price. The key now is presentation, pricing, and marketing. With more inventory out there, making your home stand out is essential.
🔍 Market Moving Fast? Let’s Talk Strategy.
There’s no one-size-fits-all answer in real estate, especially not in a shifting market like this. That’s where I come in. Whether you're thinking about making a move this spring, selling your current property, or just curious about your home's value, I’d love to help you make an informed decision.
📞 Call or text me anytime: 403-681-3234
📩 Or schedule a free home strategy session by sending me an email dmagnan@royallepage.ca
📈 Listings Surge = More Options, Less Pressure
Over 4,000 new listings hit the market in March—a big jump that pushed total inventory to 5,154 active listings. This increase helped push the months of supply up to 2.4 months, creating more breathing room for buyers.
📉 The sales-to-new-listings ratio dropped to 54%, a strong indicator that we’re moving away from the intense seller's market we've been in for the past four years.
💰 Prices Remain Steady—Some Still Climbing
Despite fewer sales, home prices are holding up—especially in certain segments. The benchmark price for a residential home in Calgary in March was $592,500, nearly unchanged from last month and from March 2024.
Here’s how it breaks down by property type:
🏠 Detached Homes
Sales: 1,035 units (↓10% YoY)
Benchmark Price: $769,800 (↑4% YoY)
Hot Zones: City Centre saw some of the strongest price gains.
What to Know: Inventory is improving, especially for homes over $800,000. But if you’re buying under $700K, it’s still competitive with under two months of supply.
🏘️ Semi-Detached
Sales: Down 11% YoY in Q1
Benchmark Price: $691,900 (↑5% YoY)
Inventory: Highest since late 2022, but still relatively tight.
🏘️ Semi-Detached
Sales: Down 11% YoY in Q1
Benchmark Price: $691,900 (↑5% YoY)
Inventory: Highest since late 2022, but still relatively tight.
What to Know: Balanced conditions are slowing price growth, but demand remains strong in central and west areas.
🏢 Row Homes
Sales: 400 units
Benchmark Price: $454,000 (↑2% YoY)
Inventory: 826 units – more than last year but still not excessive.
🏢 Row Homes
Sales: 400 units
Benchmark Price: $454,000 (↑2% YoY)
Inventory: 826 units – more than last year but still not excessive.
What to Know: Supply is finally catching up in areas like the NE, North, and SE, especially in the $500K+ price range. Pricing has cooled off a bit but remains stable.
🏙️ Apartment Condos
Sales: Down the most year over year (YOY), but still well above historical norms.
Benchmark Price: $336,100 (↑3% YoY)
🏙️ Apartment Condos
Sales: Down the most year over year (YOY), but still well above historical norms.
Benchmark Price: $336,100 (↑3% YoY)
What to Know: New listings are up, inventory is growing, and supply is sitting just above three months. Higher inventory means less price growth and prices are slightly down from the peak reported last August. It’s a great time for buyers in this segment to re-enter the market with more negotiating power.
🎯 What This Market Means for You
✅ Buyers:
More listings and a more balanced market mean you now have a chance to shop with strategy—not stress. Whether you're a first-time buyer, investor, or looking to move up, this is the kind of environment where preparation and expert advice can give you an edge.
✅ Sellers:
Detached and semi-detached homes—especially in desirable areas—are still holding strong on price. The key now is presentation, pricing, and marketing. With more inventory out there, making your home stand out is essential.
🔍 Market Moving Fast? Let’s Talk Strategy.
There’s no one-size-fits-all answer in real estate, especially not in a shifting market like this. That’s where I come in. Whether you're thinking about making a move this spring, selling your current property, or just curious about your home's value, I’d love to help you make an informed decision.
📞 Call or text me anytime: 403-681-3234
📩 Or schedule a free home strategy session by sending me an email dmagnan@royallepage.ca
Let’s turn market movement into opportunity—for you.
Your connection to Calgary Real Estate
Your connection to Calgary Real Estate
---David Magnan
Top 5% Realtor in Canada | DM Real Estate Team
📲 Follow me on Instagram for market insights, listings, and behind-the-scenes: @dmyyc
📲 Follow me on Instagram for market insights, listings, and behind-the-scenes: @dmyyc