📊 April 2025 Calgary & Area Real Estate Market Update

Balanced Conditions Return as Inventory Rises

As we moved through April, the Calgary and surrounding real estate markets showed signs of stabilization — a welcome shift for buyers, sellers, and investors who have been navigating years of tight inventory and rapid price growth.

Here’s what you need to know:

🏡 Market at a Glance: Balanced, But Varied

April saw a significant increase in inventory across the city, with 5,876 units on the market — more than double last year’s exceptionally low levels, but right on track with what we typically see for April.

Sales hit 2,236 units, down 22% from last year but still in line with long-term trends.
Balanced conditions emerged with nearly 3 months of supply, reducing upward pressure on prices.
Price growth is slowing but still positive year-over-year for many property types.

“While economic uncertainty has weighed on sales, stable employment, increased supply, and population growth have helped maintain overall market resilience,” says Ann-Marie Lurie, Chief Economist at CREB®.

🏠 Detached Homes

Detached home sales dropped 16% year-over-year to 1,102 units, but demand remains strong — especially for homes under $700,000.

Benchmark price: $769,300
Up 2% from last year
Inventory: 2,511 units
Sales-to-new-listings ratio: 58%
Tightest conditions remain in the Southeast and lower price ranges

🏘 Semi-Detached Homes

A softening in sales (190 units) and rising inventory has helped move this segment toward balance.

Benchmark price: $691,700
Up 3% year-over-year
Months of supply: 2.6
City Centre led price growth with a 5% increase

🏡 Row Homes

April brought the highest inventory levels for row homes since 2021, helping relieve some pressure on pricing.

Benchmark price: $457,400
Largely unchanged from last year
North & Northeast districts saw minor price declines, offset by gains elsewhere

🏢 Apartment Condos

After record-breaking activity last year, sales pulled back nearly 30%, though still outpacing long-term norms.

Benchmark price: $336,000
Holding steady year-over-year
Northeast Calgary saw the biggest correction, with prices down 2%

🌟 Regional Highlights

📍 Airdrie

Balanced conditions are returning with 2.3 months of supply.

Benchmark price: $544,700
Flat month-over-month and year-over-year

📍 Cochrane

Inventory is improving, but buyer demand remains strong.

Benchmark price: $592,000
Up nearly 6% from last year — a record high

📍 Okotoks

Listings are rising, offering buyers more choices.

Benchmark price: $627,100
Up 2% year-over-year, but down slightly from March

💡 What This Means for You

With more inventory hitting the market and price growth stabilizing, we’re moving into a healthier, more balanced spring season. Whether you’re planning to buy, sell, or invest, understanding the nuances by property type and location is key.

📲 Thinking about your next move? I’m happy to help you assess the current conditions in your specific area and price point.

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April 2025 Calgary & Area Real Estate Market Update