Calgary Housing Market Report: May 2025

The Calgary housing market in May 2025 showcased a dynamic landscape, influenced by shifting supply levels, evolving buyer preferences, and broader economic factors. Drawing insights from the Calgary Real Estate Board (CREB®), this report delves into the key statistics and trends that defined the market during this period.(CREB)

📊 Market Overview

Sales Activity:
In May 2025, Calgary recorded 2,158 total residential sales, reflecting an 18.8% decline compared to May 2024. This downturn aligns with a broader trend observed throughout the early months of the year, where year-to-date sales reached 6,907 units, marking an 18.9% decrease from the same period in 2024. (CREB)

New Listings and Inventory:
The market experienced a notable influx of new listings, with 4,022 properties entering the market in May—a 26.8% increase year-over-year. Consequently, active listings surged to 5,192 units, more than doubling the inventory levels from May 2024. (Calley Erickson Team)

Pricing Trends:

• Benchmark Price: Stabilized at $592,500, showing a marginal 0.08% increase from the previous year.

• Median Price: Rose to $584,750, up 5% year-over-year.

• Average Price: Climbed to $639,571, representing a 7.3% annual growth. (CREB)

Days on Market:
Properties spent an average of 29 days on the market, indicating a 45% increase compared to May 2024.

🏘️ Segment Analysis

Detached Homes:
The benchmark price for detached homes reached $760,500, marking a 5.1% year-over-year increase. However, sales volume declined by 20% compared to May 2024, with inventory levels standing at 2.2 months. (WOWA)

Semi-Detached Homes:
Semi-detached properties saw a benchmark price of $683,500, up 6.9% from the previous year. Sales decreased by 14% year-over-year, with inventory at 2.0 months. (WOWA)

Row/Townhouses:
The benchmark price for row houses increased to $446,800, a 2.8% rise year-over-year. Sales experienced a 9.4% decline, with inventory levels at 2.1 months. (WOWA)

Apartment Condominiums:
Apartments recorded a benchmark price of $334,200, reflecting a 4.0% annual increase. Sales volume dropped by 26% compared to May 2024, with inventory at 3.1 months. (WOWA)

🔍 Market Dynamics and Outlook

The Calgary housing market in May 2025 exhibited signs of transitioning towards more balanced conditions. The significant increase in new listings and active inventory provided buyers with more options, potentially easing the competitive pressure observed in previous months.(nesto.ca)

CREB® Chief Economist Ann-Marie Lurie noted that while demand remains robust, the market is adjusting due to factors such as easing lending rates and improved supply levels. The forecast anticipates that sales will exceed 26,000 units in 2025, over 20% higher than long-term trends, with price growth moderating to an expected annual gain of 3%. (CREB)

📈 Conclusion

May 2025 marked a pivotal point in Calgary's real estate landscape, characterized by increased inventory and moderated price growth. For buyers, the expanded selection offers enhanced opportunities, while sellers may need to adjust expectations in a market moving towards equilibrium. Staying informed and adaptable will be key for all market participants navigating this evolving environment.(Calley Erickson Team)

For more detailed statistics and insights, visit the Calgary Real Estate Board (CREB®) Housing Statistics.

Prepared by Jinder Sidhu