Calgary Real Estate Market Update – May 2025
Balanced Inventory, Steady Prices, and Strategic Opportunity for Both Buyers and Sellers
As we head into the summer months, Calgary’s real estate market continues to show signs of stabilization. According to the latest CREB® Market Report for May 2025, the city’s housing market is experiencing a return to more balanced conditions—welcoming news for both buyers and sellers navigating a shifting landscape.
Inventory on the Rise, But Below Long-Term Averages
May saw a 38% year-over-year increase in inventory levels, with 4,404 properties available across all sectors. While this marks a significant gain from last year’s ultra-tight conditions, supply still remains 29% below long-term May averages. Buyers now have more choice, but sellers continue to benefit from a competitive marketplace, especially in the lower to mid-price ranges.
Sales Slowing, But Still Above Normal
Sales activity cooled slightly compared to earlier in the year, with 3,092 homes sold in May. That’s down 5% from last month but still 34% higher than long-term trends for May. Detached homes remain the most active sector, accounting for nearly half of all transactions, particularly in the $600K–$700K price range.
Prices Hold Steady, Growth Slowing
Calgary’s benchmark residential price in May reached $595,800, up 0.6% from April and 8.3% from May 2024. While annual price growth is still positive, the pace has clearly moderated. Detached homes hit a benchmark of $746,300, up 10.6% year-over-year, while semi-detached and row properties posted moderate annual gains of 8.2% and 15.6% respectively.
The apartment sector saw the smallest annual price growth at 13.3%, suggesting this segment may be plateauing after months of rapid gains.
New Listings Trend Upward
With 4,333 new listings in May—an 18% increase from April—many homeowners appear to be timing the market to take advantage of still-strong prices. The sales-to-new-listings ratio sat at 71%, indicating solid demand but also slightly reduced urgency compared to earlier months.
Months of Supply Increasing, Signaling Balance
The months of supply edged up to 1.43, the highest level since 2023. While still a seller-favoured market by definition, this shift points to better conditions for buyers, especially those who have been waiting on the sidelines for more selection.
What This Means for You
Sellers: Strategic pricing is more important than ever. With more inventory coming to market, buyers have options—making presentation, marketing, and negotiation critical to securing top dollar.
Buyers: Increased supply means less pressure and more time to make informed decisions. However, desirable homes in prime neighbourhoods are still moving quickly—don’t wait too long.
Investors: Rental demand remains high, particularly in the apartment and row home sectors. Slight cooling in price growth offers room for acquisition in emerging areas.
Final Thoughts
Calgary’s housing market in May 2025 reflects a transition—not a downturn. With a growing population, relatively low inventory, and steady demand, the fundamentals remain strong. Whether you’re planning to buy, sell, or invest, staying informed and working with a trusted professional can help you navigate these evolving market conditions confidently.
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Source CREB.com
Kristen Edmunds is a Calgary-area REALTOR® and Associate Broker with KIC Realty, specializing in acreages, luxury homes, and smart buy/sell strategies. With expertise in rural properties (water wells, septic, equestrian facilities) and a client-obsessed approach, Kristen helps buyers and sellers achieve their real estate goals with confidence and ease.
