Calgary Housing Market Overview
Sales Activity: Calgary recorded 2,568 home sales in May 2025, a 17% decrease compared to May 2024. Despite this decline, sales remained 11% above long-term trends. creb.com
New Listings and Inventory: New listings rose to 4,842 units, leading to an inventory of 6,740 units, a 137% increase year-over-year. The months of supply increased to 2.62, indicating a move toward balanced market conditions. creb.com
Benchmark Prices: The unadjusted residential benchmark price was $589,900, a slight decrease from the previous month and over 2% below May 2024 levels. Detached and semi-detached homes maintained consistent prices, while apartment and row-style homes experienced modest monthly price declines. creb.com
Regional Market Insights
Airdrie:
Benchmark Price: $537,200, a 4% year-over-year increase.
Cochrane:
Benchmark Price: $548,900, a 6% year-over-year increase.
Okotoks:
Benchmark Price: $582,100, a 4% year-over-year increase.
Chestermere:
Benchmark Price: $727,200, a 2% year-over-year increase.
Langdon (Rocky View Region):
Benchmark Price: $693,300, a 5% year-over-year increase.
Strathmore (Wheatland Region):
Benchmark Price: $479,800, a 7% year-over-year increase.
Conclusion
May 2025 marked a significant shift toward more balanced market conditions in Calgary and its surrounding areas. The substantial increase in inventory levels has provided buyers with more options, easing the competitive pressure seen in previous months. While sales have declined compared to the previous year, they remain consistent with long-term trends, indicating a healthy market adjustment. Benchmark prices have stabilized, reflecting a market that is adjusting to changing economic conditions. Both buyers and sellers should stay informed about local market trends to make strategic decisions in this evolving landscape.
For more detailed information, you can refer to the full CREB® May 2025 reports:
City of Calgary Monthly Statistics
Regional Monthly Statistics
