Posted on
June 2, 2025
by
Dave Greenwood
No matter the season, Calgary’s real estate market is always a hot topic, but as we head into June, I want to break down the current dynamics to help you make informed decisions, whatever neighbourhood you’re buying or selling in. So, is Calgary currently in a buyer’s market, a seller’s market, or somewhere in between? Let’s dive in.
A Look Back: Last Year’s Frenzy
Remember last year? Things were, well, intense. 2024 saw Calgary experiencing a strong seller’s market. Homes were selling quickly, often with multiple offers and bidding wars. The inventory was low, and buyers were scrambling to secure properties, driving prices upward. It was a challenging time to be a buyer, to put it mildly. Sellers were in a prime position, often fetching top dollar for their homes.
Where We Are Now: A Shifting Landscape
Fast forward to 2025, and the picture is a bit different. While sales volumes remain healthy and are still around or above historical averages for this time of year, we’re seeing a significant rise in housing inventory compared to last year. This increase in the number of homes available is providing buyers with more choice and breathing room.
However, it’s important to note that even with this inventory increase, demand remains relatively strong. Calgary remains a highly desirable place to live, attracting people from across Canada and beyond.
So, What’s the Verdict: Balanced or Still Leaning One Way?
Given the higher inventory but steady sales, Calgary could be moving towards a balanced market. However, conditions can vary greatly depending on the specific neighbourhood, property type, and price range. While buyers have more options, well-priced and well-presented homes in desirable areas continue to attract plenty of interest. Ultimately, the market is more balanced than last year, but it isn’t firmly in buyers’ territory.
Tips and Tricks for Navigating Today’s Market:
For Buyers:
- Get Pre-Approved: Knowing your budget upfront strengthens your negotiating position. Get that pre-approval from your bank or mortgage broker.
- Be Patient, But Be Ready to Pounce: While you have more selection, don't assume properties will sit on the market forever. Be ready to act quickly when you find the right one.
- Don’t Be Afraid to Negotiate: With increased inventory, you have more leverage to negotiate on price and conditions.
- Consider Neighbourhood Trends: Work with your realtor to analyze the market in your target neighbourhoods. Some areas might be more competitive than others.
- Work with a Pro: Now is a great time to have a solid realtor who understands the market and can guide you through the process!
For Sellers:
- Price Strategically: Don’t overprice your home. A realistic price that reflects current market conditions is key to attracting buyers. Your realtor will provide a Comparative Market Analysis (CMA) – pay attention to it!
- Presentation Matters: Ensure your home is in top-notch condition. Declutter, clean, and make any necessary repairs. First impressions are crucial.
- Highlight the Perks: What makes your property stand out? Perhaps it’s a renovated kitchen, a great location, or a stunning backyard. Showcase those features!
- Be Flexible: Be open to reasonable offers and negotiate in good faith.
- Consider Staging: In a more balanced market, staging can help your home stand out from the competition and appeal to a wider range of buyers.
The Bottom Line:
Calgary’s real estate market is more balanced than it was last year, offering opportunities for both buyers and sellers. When you understand current market dynamics and work with a knowledgeable real estate professional, you can successfully navigate the summer market.
Call me today! I’ll be here for you when you’re ready to move forward with a purchase or sale.