Calgary Real Estate 2025 FORECAST What's Next for Buyers and Sellers?

*🏡 Calgary Housing Market Year-End Review 🏡*

December wrapped up with *1,322 sales**, a slight **3% decline* compared to last year but still **20% above long-term trends**! 🔥 Despite a few supply challenges, **Calgary’s housing market remained resilient throughout 2024**.

Here’s a breakdown of the year:

✅ *Overall Sales:* Just shy of 2023 levels, with *gains in higher-priced homes* offsetting slowdowns in more affordable segments.

✅ *Supply Challenges:*
While inventory levels improved in the second half of the year, *supply issues in lower price ranges* impacted the market. As of December, there were **2,989 units available**, up from early 2024 but still below historical norms.

✅ *Price Stability:*
After steep gains in the spring, *home prices stabilized in the latter half of the year**. Overall, **benchmark prices rose by over 7%* on an annual basis.

📊 *What’s Next for 2025?*
Supply will be the key factor driving the market. Demand is expected to stay strong, but it will depend on *new supply options* and *economic conditions**. Stay tuned for CREB®’s **official 2025 forecast report on January 21* to get insights on what to expect!

📲 Whether you’re buying, selling, or investing in Calgary, *let’s chat!*

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Hanney Nelson Team