March always feels like spring to me! Until we get hit with another snow storm which is inevitable… but still - it’s the way the days start to be longer, the way the snow melts the same day it falls in many cases and the buzz in the real estate industry that gets me excited for what this spring has in store for us all.
This is my real estate update for Calgary Alberta for February 2025:
In February 2025, Calgary recorded 2830 new listings, a 4.4% increase from February 2024, contributing to a total inventory of 4145 units—up 75.6% year-over-year.
The months of supply moved to 2.5 months, compared to where it was last year which was hovering around 1 month of supply. This is signalling a move towards balanced market conditions while still favouring sellers in certain property segments.
The overall benchmark price in February 2025 was $587,600, stable since late 2024, with a 0.9% increase from February 2024. These trends indicate sustained appreciation, especially in the detached and semi-detached segments.
Real estate update for Airdrie Alberta for February 2025:
February home sales held steady compared to both last month and last year, staying well above long-term trends. The good news? A bump in new listings helped boost inventory, keeping the months of supply above two for the sixth month in a row. While 2.8 months of supply is still lower than Airdrie’s historical average, it’s a big step up from the tight conditions we’ve seen since 2021. With more options in both resale and new home markets, price pressure has eased slightly.
Over the last two weeks we have seen a huge increase in new listings. Most of which seem to come out on Thursday and Friday… .will this trend continue? Only time will tell. This means more opportunity and choice for buyers which makes the process of selling a home longer than what we have gotten used to over the last 5 years!
Average days on market is 37 in Calgary and 41 in Airdrie.
If you are looking to buy or sell this spring - it’s best to start the conversation now and plan for the best time to list based on your current needs and timeline. I’m happy to discuss options with you and go over the steps involved in both buying and selling so you are prepared and ready to hit the ground running when you are ready to make that move happen.
Happy March!