After years of red-hot activity, Calgary's real estate market is finally catching its breath.
According to the Calgary Real Estate Board (CREB), April 2025 marked a noticeable shift. While sales slowed compared to last year’s frenzy, we’re seeing inventory levels more in line with long-term averages. What does this mean for you? More choice, fewer bidding wars, and a market that's beginning to favour balance over chaos.
Here’s what stood out:
🏘️ Inventory Has Doubled—But That’s Not a Bad Thing
April inventory rose to 5,867 units—more than double last year's ultra-low levels. But don’t let that number fool you. Supply in April 2024 was historically low. Today’s inventory is actually typical for this time of year, helping restore balance.
📉 Sales Are Down—But Still Strong Historically
Sales came in at 2,236 units, down 22% year-over-year. While that sounds like a big drop, it’s important to note: these numbers still sit comfortably above pre-pandemic norms. Buyers have pulled back slightly due to economic uncertainty and higher interest rates, but they haven’t disappeared.
🧭 We’re Entering Balanced Market Territory
With nearly 3 months of supply now available (up from less than 1 month last year), Calgary is shifting out of seller's market territory. The pace of price growth is slowing, and negotiations are back on the table.
💰 What’s Happening with Prices?
Overall benchmark price: $591,100 (down slightly from March, but up 0.6% year-to-date)
Detached homes: $769,300 (up 2.4% YOY)
Semi-detached: $691,700 (up 3.6% YOY)
Row homes: $457,400 (virtually flat YOY)
Apartments: $336,000 (up just 0.15% YOY)
Prices have mostly held steady compared to last month, showing resilience even as market activity softens.
📊 What This Means for You
Sellers: If your home is priced correctly, buyers are still out there—but gone are the days of “list high and let the market catch up.” Strategy matters more than ever.
Buyers: You’ve got more breathing room and better selection than we’ve seen in over a year. While rates remain a hurdle, stable prices and growing inventory may work in your favour.
If you're considering buying or selling, now is a great time to reassess your strategy. Let’s chat about how to take advantage of today’s shifting market conditions.
Source CREB.com
