Calgary & Area Real Estate Market Update – July 2025
As we move into August, the Calgary and area housing market is showing signs of softening for the first time in a long while. With inventory levels reaching pre-pandemic highs, new home construction adding competition, and economic uncertainty continuing, buyers may find a bit more breathing room — while sellers need to be increasingly strategic.
Whether you are buying, selling, or watching the market, here is what happened in July 2025 and what it means for real estate in Calgary, Airdrie, and the surrounding areas.
Supply Growth Begins to Weigh on Prices
According to the Calgary Real Estate Board (CREB®), July inventory rose to 6,917 units, reaching levels not seen since before the pandemic. Most of the increase is coming from newer communities, particularly in the North East and Northdistricts, where new construction is booming.
Sales dropped to 2,099, down 12% year-over-year, while new listings increased to 3,911, an 8% annual gain. The additional supply and slower sales pace are starting to cool price growth, particularly in more affordable segments.
Calgary Benchmark Price Snapshot
Overall Benchmark Price: $608,248
⬇ Currently 4% below peak pricing from June 2024
Detached Homes
Price: $753,000 (Balanced YoY)
Detached homes remain relatively stable with about three months of supply. While prices are holding in most districts, activity has slowed slightly due to affordability and lending rate stagnation.
Semi-Detached Homes
Price: $671,200 (Balanced YoY)
Supply is up, but this segment remains balanced. New listings in infill-heavy areas and older inner-city neighbourhoods are driving some localized price adjustments.
Row Homes
Price: $462,500 (Down in North & North East)
This segment is seeing the steepest declines, especially in areas where new townhome developments are adding supply quickly.
Apartment Condos
Price: $344,100 (Down in outer suburbs)
Apartment-style homes now have over four months of supply — the highest of any property type. This is putting downward pressure on prices, particularly in newer complexes and outer-city communities.
Regional Highlights
Airdrie
Benchmark Price: $552,000
⬇ Slight softening in apartment and row segments
Inventory in Airdrie is rising alongside new construction, giving buyers more choice. Detached homes remain stable, but price growth is slowing.
Cochrane
Benchmark Price: $602,500
⬇ Minor adjustments due to increased listings
Buyers are still active, but sellers are beginning to see more competition from newer builds and surrounding communities.
Okotoks
Benchmark Price: $645,700
Holding steady
Okotoks remains a sought-after location, and while supply is up, prices have not seen major movement.
What Does This Market Mean for You?
The shift toward a more balanced market is well underway. With more inventory available and fewer bidding wars, buyers in Calgary and Airdrie may be in a better position than they have been in recent years.
Sellers, on the other hand, will need to focus on strategic pricing, strong presentation, and working with experienced professionals to navigate changing conditions.
Buyers: Be prepared, but know you may have more room to negotiate — especially on apartments and row homes.
Sellers: Pay close attention to your local competition, particularly if you are in the North or North East where new builds are drawing attention.
Let’s Talk Strategy
As the market shifts, your real estate strategy should shift with it. Whether you’re thinking of buying, selling, or just want to know what these changes mean for your home or investment, I’m here to help.
Click here to view the full City of Calgary monthly stats package.
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Reach out any time for a personalized plan and guidance based on the latest local market data.
📍 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.
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.