Is now a good time to buy a Calgary detached house? Feb 2025
Prices have levelled off since the end of Spring 2024, which is typical for Calgary.
Typically, Early spring is a “tighter” market with fewer detached houses for sale and more buyers looking, which puts upward pressure on prices. Then, by late spring and summer, there will be fewer active buyers, and active listings will tend to accumulate, favouring buyers and taking the pressure off of prices.
While the detached house market is a seller's market, and sellers have the upper hand in negotiations, inventory levels have improved in favour of buyers. Compared to January last year, inventory increased from 1.7 to 2 months, up 18 percent.
It is a better time to buy than a year ago. Buyers can expect fewer bidding wars.
The number of Calgary detached houses purchased in January was similar to last year, but the number of houses for sale has risen. That’s why the months of inventory have increased.
