As we move deeper into 2025, Calgary’s real estate market is undergoing a notable transformation. The surge of activity seen in the post-pandemic years has given way to a more balanced and sustainable environment—offering opportunities and challenges for both buyers and sellers.
🔻 Sales Activity: A Return to Normal
In April 2025, home sales in Calgary dropped by 22% compared to the same month last year, with a total of 2,236 properties changing hands. While this decline may seem significant at first glance, it’s actually part of a broader trend of market normalization. After several years of heightened demand and limited supply, sales are aligning more closely with long-term historical averages.
🏘️ Inventory Levels on the Rise
One of the most notable shifts in the current market is the sharp increase in active listings. Inventory levels more than doubled year-over-year, reaching 5,876 units in April. This rise has pushed Calgary’s months of supply to 2.6, marking a clear move away from a seller's market. Buyers now have more options and breathing room to make informed decisions—a stark contrast to the fast-paced, competitive environment of recent years.
💵 Home Prices: A Mixed Picture
Price trends in Calgary’s housing market are showing signs of stabilization:
Benchmark Price: Down 1.4% year-over-year, the benchmark home price now sits at $591,100. This is the first annual price decline Calgary has seen since 2020, reflecting a cooling in overall market pressure.
Median Home Price: Despite the dip in the benchmark price, the median price rose 4.2% to $590,000. This suggests continued demand in the lower to mid-range market, where affordability remains a key driver.
Detached Homes: The median price for detached homes held steady at $725,000, indicating resilience in this segment even as overall market momentum slows.
⚖️ What This Means for Buyers and Sellers
With the market trending toward balance, both buyers and sellers will need to adjust their strategies:
For Buyers: Increased inventory and reduced competition mean more opportunities and potentially better deals—especially for those looking in the mid-range price points.
For Sellers: Pricing strategy and presentation are more important than ever. Homes are still selling, but buyers are taking their time and expecting value for money.
🧭 Looking Ahead
Calgary’s market appears to be entering a more sustainable phase, where supply and demand are better aligned. Whether you're planning to buy, sell, or invest, staying informed and adaptable will be key to making the most of this evolving landscape.
Need help navigating the current market? Whether you're curious about your home’s value or exploring the best areas to buy, I’m here to guide you. Let’s chat about your next steps.
Comments:
Post Your Comment: