Calgary Real Estate Market Overview – May 2025
Balanced market conditions continued into May 2025, as new listings outpaced sales and gave buyers more options. Inventory reached 6,740 units — a 47% increase year-over-year and the highest since late 2022.
Sales slowed to 2,568 units, down 17% from May 2024, but activity remains 11% higher than long-term averages for this time of year.
Key Market Highlights
Sales Volume
Total sales: 2,568 (↓ 17% YoY)
Sales dipped year-over-year but remained ahead of historical norms.
Inventory Changes
Total inventory: 6,740 units (↑ 47% YoY)
The rise in new listings has improved choice for buyers.
Months of supply: 2.6 — continuing the trend toward a balanced market.
Price Trends
Detached: ↑ 1% YoY
Semi-detached: ↑ 3% YoY
Row homes: ↓ nearly 2% YoY
Apartments: ↓ just over 1% YoY
Detached and semi-detached prices continue to hold strong, while price pressure is easing in the apartment and row home segments.
Market Segments
Detached Homes
Sales: 1,275 (↓ 8% YoY)
Benchmark price: \$769,400 (↑ 1% YoY)
Inventory: 2,576 units
Months of supply: 2.35
Detached homes remain competitive, especially in mid- and lower price points.
Semi-Detached Homes
Sales: 256 (steady YoY)
Benchmark price: $697,300 (↑ 3% YoY)
Inventory: 519 units
Months of supply: ~2 months
This segment continues to show healthy demand and upward price movement.
Row Homes
Sales: 458 (↓ 15% YoY)
Benchmark price: $453,600 (↓ \~2% YoY)
Inventory: 1,033 units
Row home inventory is at a four-year high, putting downward pressure on prices and giving buyers more leverage.
Apartment Condominiums
Sales: 579 (↓ 36% YoY)
Benchmark price: $335,300 (↓ 1.4% YoY)
Inventory: 2,070 units
Months of supply: 3.6
The apartment market is adjusting after last year’s rapid gains. Increased supply has led to more balanced (and sometimes slower) conditions.
Suburban Area Highlights
Airdrie
Benchmark price: $540,600 (↓ 1% YoY)
More listings and slower sales are contributing to a softening trend in prices.
Cochrane
Benchmark price: $598,800 (↑ 5% YoY)
Despite higher supply, prices remain strong — though growth has moderated.
Okotoks
Benchmark price: $631,000 (↑ 2% YoY)
Supply is trending up, which may slow price growth in the coming months.
Advice for Buyers and Sellers
Buyers
* More listings mean greater selection and improved negotiating power.
* Detached and semi-detached homes are still competitive, especially at lower price points.
* Watch for steady pricing unless inventory spikes further.
Sellers
* Strategic pricing is key as rising inventory reduces buyer urgency.
* Homes that show well and are priced accurately are still moving.
* Be prepared for longer selling times in some segments compared to last year.
Work with Greater Calgary Real Estate
Have questions about buying or selling in today’s shifting market?
Reach out to the team at Greater Calgary Real Estate for personalized advice based on your goals and property type. We’re here to help you move forward with confidence.