Market update archive
Calgary real estate market update: January 2025
From our archive of monthly updates: CREB®’s official numbers for the City of Calgary for January 2025, in plain language.
This is our archived report for January 2025. CREB®’s figures are shown as they were published at the time. Newer numbers are available: see the latest Calgary market update.
Calgary Real Estate Board (CREB®) statistics for January 2025, released Feb. 3, 2025.
January at a glance
- Sales1,451−12.01% vs. Jan. 2024
- New listings2,896+35.52% vs. Jan. 2024
- Homes for sale (inventory)3,639+68.63% vs. Jan. 2024
- Months of supply2.511.31 a year ago
- Benchmark price$583,000+2.79% vs. Jan. 2024
- Average days on market4134 a year ago
Source: CREB®, City of Calgary Monthly Statistics Package, January 2025.
| City of Calgary, all residential | January 2024 | January 2025 | Change (CREB®) |
|---|---|---|---|
| Sales | 1,649 | 1,451 | −12.01% |
| New listings | 2,137 | 2,896 | +35.52% |
| Inventory (homes for sale) | 2,158 | 3,639 | +68.63% |
| Months of supply | 1.31 | 2.51 | +91.64% |
| Sales-to-new-listings ratio | 77.16% | 50.10% | −27.06 pts |
| Benchmark price | $567,200 | $583,000 | +2.79% |
| Median price | $523,000 | $572,500 | +9.46% |
| Average price | $569,389 | $605,026 | +6.26% |
| Average days on market | 34 | 41 | +21.63% |
| Sale price as % of list price | 99.88% | 98.55% | −1.33 pts |
Source: CREB®, City of Calgary Monthly Statistics Package, January 2025, page 5 [1]. Change is CREB®’s year-over-year change; for the two ratios it is the change in percentage points.
What these numbers mean. The benchmark price is CREB®’s price for a “typical” home and is the best number for tracking price trends, because the median and average move with the mix of homes that happen to sell in a month. Months of supply is how long today’s inventory would last at the current pace of sales. A lower number usually means a tighter market for buyers.
What CREB® reported
CREB®’s headline for January 2025: “Supply levels improve in January” (news release, Feb. 3, 2025) [2].
CREB® reported that inventory rose 70 per cent from a year earlier after three years of limited supply, though it was still below the over 4,000 units typical for January. Inventory rose for all property types, with some of the largest gains for apartment condominiums, while detached, semi-detached and row homes stayed tight compared with sales. [2]
By type of home
Benchmark price by property type
City of Calgary, January 2025
Benchmark price vs. January 2024
Change from a year earlier
Sales by property type
City of Calgary, January 2025 (change vs. Jan. 2024)
Months of supply by property type
City of Calgary, January 2025
City, all homes: 2.51
| January 2025, City of Calgary | Benchmark price | vs. Jan. 2024 | Sales | Sales vs. Jan. 2024 | Months of supply |
|---|---|---|---|---|---|
| Detached | $750,800 | +7.03% | 674 | −8.05% | 2.15 |
| Semi-detached | $673,600 | +8.31% | 160 | +22.14% | 1.92 |
| Row (townhouse) | $444,900 | +4.86% | 247 | −16.84% | 2.38 |
| Apartment condo | $331,400 | +5.31% | 370 | −24.18% | 3.50 |
Source: CREB® [1], page 6.
South and Southeast Calgary
CREB® groups Calgary communities into eight districts. The 15 south Calgary communities we focus on are in two of them, South and South East; see our Calgary Neighbourhood Guide for the full list.
Benchmark price: South vs. South East
CREB® districts, January 2025
SouthSouth East
Months of supply: South vs. South East
CREB® districts, January 2025
SouthSouth East
| January 2025 | South: benchmark | South: vs. last year | South: months of supply | South East: benchmark | South East: vs. last year | South East: months of supply |
|---|---|---|---|---|---|---|
| Detached | $725,000 | +8.88% | 1.85 | $718,700 | +6.95% | 1.87 |
| Semi-detached | $534,500 | +9.69% | 1.36 | $519,300 | +8.91% | 0.93 |
| Row | $396,500 | +5.54% | 1.70 | $460,600 | +5.86% | 2.63 |
| Apartment | $308,300 | +6.24% | 2.94 | $355,200 | +4.44% | 4.58 |
Source: CREB® [1], page 7 (Calgary Districts). In January 2025, CREB® counted 144 detached sales in the South district and 97 in the South East [1].
January over the years
Here is how January compared in Calgary from 2022 to 2025, using CREB®’s January statistics package for each year.
Benchmark price, all residential
City of Calgary, January of each year
Sales, all residential
City of Calgary, January of each year
Want today’s numbers? See our latest Calgary market update, or book a call and we’ll pull the recent sales near you.
Source of the city and district statistics: CREB® (Calgary Real Estate Board), City of Calgary Monthly Statistics Package, January 2025. CREB® is a registered trademark of Calgary Real Estate Board Co-Operative Limited. Figures are shown as CREB® published them for January 2025; CREB® may revise past months in later packages. This update is general market information, not an appraisal or advice on a specific property. Berg Estate Team, eXp Realty · 587-888-2919.
Sources
- CREB®, Monthly Statistics Package, City of Calgary, January 2025 (pages 5–7): https://www.creb.com/Housing_Statistics/documents/01_2025_Calgary_Monthly_Stats_Package.pdf
- CREB®, “Supply levels improve in January”, news release, Feb. 3, 2025: https://www.creb.com/News/Media_Releases/2025/February/Jan_2025_stats/