🏡 Calgary & Area Real Estate Market Update – May 2025
As we step into June, it’s time to unpack what happened in the Calgary housing market this past month—and what it means if you’re thinking about buying or selling in 2025.
Market Shifts Driven by Apartment & Row Home Segments
Calgary’s residential sales dropped 17% compared to May 2024, largely due to pullbacks in the apartment condominium and row housing segments. While that sounds dramatic, sales still clocked in 11% higher than the long-term May average—and notably stronger than April’s numbers.
Inventory is on the rise, particularly in the apartment and row home categories, helping to relieve some pressure from Calgary’s ultra-competitive market. With 2.6 months of supply, we’re seeing a more balanced environment for buyers and sellers alike.
“The recent pullbacks in sales and rising inventory are helping shift Calgary from a seller’s market into balanced territory,” says CREB® Chief Economist Ann-Marie Lurie.
📊 Calgary Benchmark Price Snapshot
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Overall Benchmark Price: $589,900
⬇ Slightly down from April, and 2% lower than May 2024
Detached Homes
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Price: $769,400 (🠕 1% YoY)
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Sales softening, especially in the North East, where new listings are up and competition is strong from new builds.
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Balanced conditions overall, with the most stability in the City Centre, West, and North West districts.
Semi-Detached Homes
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Price: $697,300 (🠕 3% YoY)
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Inventory remains tight, particularly in the North West.
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These homes make up a smaller portion of the market due to a shift toward building more row-style housing.
Row Homes
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Price: $453,600 (🠗 2% YoY)
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Inventory is climbing, especially in the North East.
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Prices are being impacted by new home supply, particularly in newer communities.
Apartment Condos
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Price: $335,300 (🠗 1% YoY)
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Sales dropped sharply from last year’s record highs.
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More rental inventory and high construction activity are contributing to price softening, especially in the North East and South East.
🌆 Regional Highlights
Airdrie
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Benchmark Price: $540,600
⬇ 2% YoY -
Inventory reached its highest May levels since pre-pandemic times.
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Market remains balanced, but price growth has cooled due to increased supply and ongoing new construction.
Cochrane
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Benchmark Price: $589,400
🠕 4% YoY -
Sales dipped 17% year-over-year.
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More listings have brought supply closer to historical averages, slowing price acceleration slightly.
Okotoks
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Benchmark Price: $633,900
🠕 2% YoY -
A burst of new listings supported stronger sales in May.
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Months of supply remains tight, keeping upward pressure on prices.
💡 What Does This Mean for You?
Whether you’re buying, selling, or investing, the 2025 market is showing more balance, more inventory, and more opportunity—especially for those ready to act decisively.
➡️ Buyers: You may find more breathing room and negotiating power, especially in segments like row homes and apartments.
➡️ Sellers: If you’re listing a detached or semi-detached home in a high-demand area, your property may still command top dollar.
📍 Curious how your home or investment is impacted by these shifts?
Let’s have a conversation about your goals and how we can make the most of this changing market.
🔗 Explore More:
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Full Calgary Region Stats Package →
Let’s make your next move a 𝑝𝑜𝑠𝑖𝑡𝑖𝑣𝑒 one.
Reach out any time for a personalized strategy or to talk about what’s happening in your neighbourhood.