Calgary Real Estate Market Trends: A Surge in New Listings and Market Shifts in Early 2025

by Jason Ngo

Introduction

The Calgary real estate market is experiencing a significant shift as we step into 2025. With a surge in new listings and a slight cooling in sales activity, market dynamics are evolving.

This blog delves into the latest trends, what they mean for buyers, sellers, and investors, and how you can navigate these changes effectively.

Market Update: What’s Happening?

The Canadian Real Estate Association (CREA) recently reported a double-digit jump in new listings in January 2025, marking an 11% increase compared to December 2024.

This surge is one of the largest seasonally adjusted monthly increases on record, dating back to the late 1980s. However, sales activity has softened, with a 3.3% month-over-month decline, largely attributed to economic uncertainties, including potential trade tensions with the United States.

Key Market Highlights

📊 Sales-to-new listings ratio fell to 49.3%, indicating a more balanced market.

🏡 MLS® Home Price Index (HPI) remained stable, showing a slight 0.08% decrease month-over-month.

💰 National average home price increased by 1.1% year-over-year, reaching $670,064.

For Calgary, these trends suggest a gradually rebalancing market. The increase in inventory provides more options for buyers, while sellers may need to adjust pricing strategies to remain competitive.

JN Real Estate Group’s Perspective

At JN Real Estate Group, we see this as an opportune moment for both buyers and sellers.

🔹 For buyers – The increased inventory means more choices and less competition.

🔹 For sellers – Strategic pricing and marketing will be key to attracting serious buyers.

🔹 For investors – A balanced market often presents unique opportunities for long-term gains.

TL;DR: Key Takeaways

✔ New listings in Calgary surged by 11% in January 2025.
✔ Sales activity softened, with a 3.3% month-over-month decline.
✔ The market is shifting toward balance, offering opportunities for buyers, sellers, and investors.
✔ National home prices rose by 1.1% year-over-year.