Is Calgary’s housing market finally cooling after years of record highs? August 2025 data from the Calgary Real Estate Board (CREB) shows a clear shift. With inventory climbing to the highest levels since 2019 and prices dipping for the fourth straight month, both buyers and sellers are feeling the effects.
I’ve worked with Calgary buyers and sellers for over a decade, and these shifts are some of the most dramatic we’ve seen in years. Whether you’re planning to buy, sell, or simply watch the market, here’s what you need to know.
Calgary Market Overview – August 2025
August saw 1,989 home sales in Calgary, down almost 9% from last year. Inventory surged to 6,661, the highest August level in six years. With new listings outpacing sales, months of supply rose to 3.4, signaling a much more balanced environment compared to the red hot conditions of recent years.
Detached Homes: Holding Stronger
Detached homes remain the most resilient. Benchmark prices only dipped by about 1% year-over-year to $755,600, though inventory has climbed by more than 50%. Buyers in areas like the North East and East are now seeing conditions tilt toward a buyer’s market, while City Centre values are still slightly up.
Semi-Detached Homes: A Rare Bright Spot
This is the one segment that’s bucking the trend. Semi-detached benchmark prices rose slightly, up nearly 1% year over year to $687,200. Inventory gains have been moderate, and demand is keeping months of supply below three, helping stabilize prices.
Row Homes: The Biggest Price Drops
Row properties are feeling the sharpest correction. Benchmark price fell to $439,600, down nearly 5% year over year. Inventory levels are at the second highest August on record, and four consecutive months of price declines show that oversupply is putting pressure on values.
Condos: Oversupply Pressure
Apartment style condos are under the most stress. Sales plunged 26% year over year, while inventory hit 1,979 units, an all time August high. Prices have slipped to $326,500, down almost 6% year over year. Buyers now have far more options, especially in the City Centre, where prices are off nearly 5%.
What This Means for Buyers
- More choice: Inventory at multi year highs means less competition.
- Price leverage: Particularly strong in condos and row homes, where sellers are cutting prices.
What This Means for Sellers
- Longer days on market: Homes are now taking an average of 38 days to sell, up 41% from last year.
- Pricing matters: Overpricing will push buyers to competing inventory.
- Strategic preparation: Staging, presentation, and realistic pricing are critical to stand out.
Calgary Real Estate Market Forecast
While the market has cooled significantly, Calgary is not in a full buyer’s market yet. Detached and semi detached homes remain more resilient, and overall demand is still above long term trends. However, continued oversupply in condos and row homes will likely pressure prices into fall.
How to Get Help or Learn More
- 📞 Call/Text: (403) 471-4212
- 📧 Email: ryan@ryangillard.ca
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