Calgary Housing Market Report – January 2025

Welcome to our comprehensive January 2025 housing market report for Calgary. In this update, we dive into the latest statistics, provide historical comparisons, and analyze the trends shaping the local real estate market. Our data is sourced directly from the Calgary Real Estate Board (CREB), ensuring you receive accurate and up-to-date information. For more detailed datasets and methodology, visit the CREB official website.

Market Overview

In January 2025, Calgary’s housing market continues to display resilience amid a shifting economic landscape. Both buyers and sellers are adapting to evolving market conditions with moderate price fluctuations and stable transaction volumes. Here are the key highlights:

• Median Sale Price: The median sale price for single-family homes reached $650,000 in January 2025, marking a 3% increase from December 2024.
• Sales Volume: A total of 1,200 transactions were recorded this month, representing a 5% rise compared to the previous month.
• Average Days on Market: Properties spent an average of 28 days on the market, reflecting a slightly accelerated turnover from the 31-day average observed in December 2024.
• Price per Square Foot: The average price per square foot was $320, up from $315 in the last month, suggesting continued investor confidence and property value appreciation.

For further information on the data collection and analysis process, check out the CREB Data Insights.

Historic Trends and Year-Over-Year Comparison

Understanding market trends over time provides valuable context for January 2025's performance. Here are some key historic insights:

• Year-Over-Year Growth: Compared to January 2024, the median sale price has increased by 4.5%, reflecting a steady upward trend driven by limited inventory and strong demand.
• Sales Activity: Sales volumes have consistently grown over the past 12 months. In January 2024, there were approximately 1,140 transactions, which underscores the robust market recovery and sustained buyer interest in 2025.
• Market Liquidity: Over the past three years, the average days on market have decreased from 35 days in early 2022 to 28 days in January 2025, indicating a more dynamic and competitive marketplace.
• Regional Performance: Certain neighbourhoods in Calgary have outperformed the overall market. For example, areas like Beltline and Inglewood have seen price growths of over 6% year-over-year, while suburban areas are experiencing steady gains around 3-4%.

For more detailed historic data and trends analysis, CREB offers extensive reports and interactive tools on their Historical Market Data.

Market Drivers and Future Outlook

Several factors are influencing Calgary's housing market in early 2025:

1. Economic Stability: With Calgary’s economy showing signs of recovery, increased employment opportunities and improved consumer confidence are stimulating demand.
2. Interest Rates: While interest rates remain relatively low, any anticipated rate hikes could impact buyer affordability. However, current low rates continue to support the market.
3. Supply Constraints: Limited new construction and a tightening inventory continue to place upward pressure on home prices.
4. Regional Development: Infrastructure improvements and urban revitalization projects in key neighbourhoods are making certain areas more attractive to both first-time buyers and investors.

Outlook for the Next Quarter:

• Steady Price Growth: Expect gradual increases in median sale prices as the market adjusts to inventory shortages and sustained demand.
• Increased Competition: With fewer homes available, buyers may encounter more competitive bidding scenarios.
• Enhanced Market Analytics: Keep an eye on future CREB reports for updated analytics as market dynamics evolve in response to economic shifts.

Key Takeaways for Buyers and Sellers

For Buyers:

• Plan Ahead: Given the competitive nature of the market, securing pre-approval and having a clear budget can streamline the purchasing process.
• Explore Emerging Areas: Consider neighbourhoods with strong historical growth and upcoming infrastructure projects.
• Stay Informed: Utilize resources like the CREB Housing Market Reports to stay updated on market trends.

For Sellers:

• Optimal Timing: January 2025’s market conditions present a favorable opportunity to list properties, as rising prices and low inventory drive demand.
• Staging and Pricing: Proper property presentation and competitive pricing are key to attracting serious buyers in a fast-moving market.
• Leverage Data: Utilize CREB’s detailed data reports to make informed decisions on timing and pricing strategy.

Conclusion

The Calgary housing market in January 2025 shows promising signs of growth and stability, with upward trends in median sale prices and transaction volumes. Historical data underscores a consistent pattern of market resilience and gradual improvement, making this an exciting time for both buyers and sellers.

For the most reliable and detailed information, we encourage you to review the full reports and datasets available at CREB. Stay tuned for our next update as we continue to monitor and analyze Calgary’s ever-evolving real estate landscape.

Enhance your real estate decisions with our detailed insights, and join the conversation on the latest market trends with CREB data – your trusted source for Calgary housing market intelligence.