02/03/2025
🏡January 2025 Calgary Housing Market Update!📊
Curious about the latest housing trends? Here’s a quick snapshot of Calgary's real estate market for January 2025:
🔑Sales:
- 1,451 homes sold in January, a 12.0% decrease compared to January 2024.
- Despite the decline, demand remains steady as buyers navigate a shifting market.
💲Benchmark Price:
- The benchmark price climbed to $583,000, reflecting a 2.8% year-over-year increase! This signals continued growth and stability in Calgary’s housing market.
📅Days on Market:
- Homes took an average of 41 days to sell, a 21.6% increase from last year.
- With homes staying on the market longer, buyers may have more room for negotiation.
🏠New Listings & Inventory:
- 2,896 new listings hit the market, a 35.5% increase from last year more choices for buyers!
- Total inventory has surged to 3,639 homes, up 68.6% year-over-year, easing competition.
📈Months of Supply:
- We now have 2.51 months of supply, a 91.6% increase from last year, indicating the market is shifting toward more balanced conditions.
💡What This Means for You:
✔️Sellers: More competition means strategic pricing and marketing are key!
✔️Buyers:More inventory and longer days on market mean better opportunities to **find the right home at the right price**.
✔️Investors: A more balanced market presents potential long-term opportunities.
Thinking about buying or selling in Calgary? Let’s talk about your real estate goals for 2025! 🏡📞
📞Call me at (587) 222-7898 or visit www.BilalRealty.ca to start your journey today!