The Calgary housing market continued its shift toward balance in August 2025, as higher inventory levels and moderating sales placed downward pressure on prices. For buyers and sellers alike, the latest CREB® report highlights a market that is recalibrating after several years of tight supply and rapid price gains.
Home Sales Ease, Inventory Climbs
August saw 2,154 sales, down about 9% from last year, marking another month of slowing activity. Meanwhile, new listings rose by nearly 7% year-over-year, bringing more choice to buyers. With over 7,200 homes on the market, inventory levels are now well above long-term averages, a key factor influencing price adjustments.
Benchmark Prices Adjust Downward
The total residential benchmark price in Calgary settled at $579,800, down nearly 4% from August 2024. Price trends varied by property type:
Detached homes: $759,900, down slightly from last year.
Semi-detached homes: $695,200, holding steady year-over-year.
Row homes: $361,800, about 5% lower than 2024.
Apartment condominiums: $328,400, a drop of nearly 6% compared to last year.
The most significant price pressure continues in the apartment and row segments, especially in Calgary’s North East and North districts where supply gains have been strongest.
Market Balance Returns
The sales-to-new-listings ratio fell to 55%, reinforcing a more balanced environment compared to the tight seller’s market seen in recent years. Months of supply rose to just over three months for detached homes and exceeded four months for condos, giving buyers more negotiation power.
Economic and Mortgage Rate Outlook
While mortgage rates have edged down—some lenders offering three-year fixed terms near 4%—economic uncertainty looms. Potential U.S. tariffs on Canadian goods and softer job growth could affect consumer confidence into the fall.
What This Means for Buyers and Sellers
For buyers: More inventory means increased selection and improved negotiating conditions. Apartment and row-style homes, in particular, present opportunities for value-focused buyers.
For sellers: Strategic pricing and strong marketing are now essential, especially in higher-supply communities. Homes priced competitively continue to attract buyers quickly.
Final Thoughts
Calgary’s housing market in August 2025 reflects a turning point—one where balance is replacing the extreme conditions of past years. For buyers, this brings welcome relief. For sellers, success lies in preparation, presentation, and pricing.
✅ Looking to buy or sell in Calgary? Let’s discuss how these trends affect your real estate goals.
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.
