Calgary Real Estate Market Overview – April 2025
Balanced market conditions returned to Calgary in April 2025, taking pressure off home prices. Rising new listings relative to sales increased inventory levels to 5,876 units — more than double last year’s record-low supply but in line with typical April trends.
Sales reached 2,236 units, a 22% drop year-over-year, but remained consistent with long-term averages.
Key Market Highlights
Sales Volume
Total sales: 2,236 (↓ 22% YoY)
Despite the decline, activity remains stronger than pre-pandemic levels.
Inventory Changes
Total inventory: 5,876 units
Inventory more than doubled year-over-year but reflects seasonal norms.
Months of supply: ~3 months — a sign of balanced market conditions.
Price Trends
Detached & semi-detached prices: ↑ over 2% YoY
Row & apartment prices: Relatively unchanged compared to April 2024.
Prices are stabilizing following significant growth in recent years.
Market Segments
Detached Homes
Sales: 1,102 (↓ 16% YoY)
Benchmark price: $769,300 (↑ over 2% YoY)
Inventory rose to 2,511 units (2.3 months of supply).
Market remains tight for lower-priced detached homes.
Semi-Detached Homes
Sales: 190 (↓ YoY)
Benchmark price: $691,700 (↑ over 3% YoY)
Inventory increased to 484 units.
Months of supply: 2.6 — moving toward balanced conditions.
Row Homes
Sales: Down YoY
Benchmark price: $457,400 (steady YoY)
Inventory reached 1,005 units — the highest since 2021.
Balanced conditions are taking pressure off prices.
Apartment Condominiums
Sales: ↓ nearly 30% YoY but above long-term trends.
Benchmark price: $336,000 (similar to last year, ↓ 3% from 2024 peak).
Inventory growth led to balanced conditions in most areas.
The North East district experienced a 2% price decline.
Suburban Area Highlights
Airdrie
Benchmark price: $544,700 (flat YoY)
Inventory consistent with long-term trends.
Market moving toward balance, easing price pressure.
Cochrane
Benchmark price: $592,000 (↑ nearly 6% YoY, record high)
Inventory below long-term trends despite rising supply.
Price growth continues but at a slower pace.
Okotoks
Benchmark price: $627,100 (↑ nearly 2% YoY)
Modest inventory gains have slowed price growth.
Still below long-term inventory averages.
Advice for Buyers and Sellers
Buyers
Balanced market conditions mean more choice and better negotiating power.
Lower-priced detached and semi-detached homes remain competitive.
Watch for continued stability in pricing unless inventory rises sharply.
Sellers
Strategic pricing is essential as more supply reduces urgency among buyers.
Well-priced homes in desirable locations continue to attract interest.
Expect longer selling times than during previous low-inventory years.
Work with Greater Calgary Real Estate
Have questions about buying or selling in today’s balanced market?
Contact the team at Greater Calgary Real Estate for personalized advice and insights tailored to your goals.