May 2025 brought a noticeable shift in Calgary’s housing market. While sales activity declined compared to last year, overall conditions remain relatively balanced thanks to rising inventory and a slower but still resilient market. Here’s what you need to know.
Prefer to watch it in video form? Watch my May market update video here.
Calgary Real Estate Trends in May 2025
- Sales: 2,568 homes sold, down 17 percent year-over-year, but still 11 percent higher than long-term trends for May
- New Listings: Rose to 4,842 (up 12 percent year-over-year)
- Inventory: Increased to 6,740 homes, nearly double last year’s inventory
- Benchmark Price: $589,900, down 2.5 percent from May 2024
- Months of Supply: 2.62 months, up significantly from 1.1 months a year ago
Detached Home Prices in Calgary Remain Resilient
- Sales: 1,275 (-8 percent Y/Y)
- Benchmark Price: $769,400 (+1 percent Y/Y)
- New Listings: 2,419 (up 19 percent)
- Inventory: 2,995
- Notable Trend: Detached home prices remain resilient despite more listings and slower sales
Semi-Detached Homes in Calgary: Price Growth and Market Stability
- Sales: 256 (slightly down Y/Y)
- Benchmark Price: $697,300 (+2.85 percent Y/Y)
- Inventory: 542
- Trend to Watch: Less than 10 percent of all sales, but price growth remains steady in tight areas like the North West
Calgary Row Homes: Inventory Growth and Price Softening
- Sales: 458 (-15 percent Y/Y)
- Benchmark Price: $453,600 (-1.92 percent Y/Y)
- Inventory: Over 1,100 for the second month in a row
- Key Insight: Over-supplied areas like the North East are driving price declines
Calgary Apartment Market: What Buyers and Sellers Should Know
- Sales: 579 (-36 percent Y/Y)
- Benchmark Price: $335,300 (-1.53 percent Y/Y)
- Inventory: 2,087 units, highest in years
- Important Note: New construction and rental availability are reducing resale demand, especially in the North East and South East
District-Level Calgary Real Estate Price Changes
- Strongest Pricing: City Centre ($596,500), West Calgary ($729,600), North West ($650,400)
- Weakest Pricing: East Calgary ($427,200), North East ($500,300)
- Most Inventory Pressure: North East district now has nearly 4 months of supply and declining prices
Should You Buy or Sell a Home in Calgary Right Now?
The market is not crashing, but it is adjusting. Rising inventory and slower sales are creating opportunities, especially for move-up buyers and those seeking negotiation power. Detached and semi-detached homes are holding value better, while apartment and row homes face downward pricing pressure in oversupplied districts.
How To Reach Out/Get Help
- 📞 Call/Text: (403) 471-4212
- 📧 Email: ryan@ryangillard.ca
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