Sales Activity: Calgary recorded 2,236 home sales in April 2025, a 22% decrease compared to April 2024. Despite this decline, sales remained in line with long-term trends.CREB® Resources+1CREB® Resources+1
New Listings and Inventory: New listings rose to 4,038 units, a 15.7% increase year-over-year, leading to an inventory of 5,867 units, more than double the levels reported last year. The months of supply increased to 2.62, indicating a move toward balanced market conditions.
Benchmark Prices: The unadjusted residential benchmark price was $591,100, a slight decrease from the previous month but relatively stable compared to April 2024. Detached and semi-detached homes maintained consistent prices, while apartment and row-style homes experienced slight declines from last year's peak.
Regional Market Insights:
Airdrie:
Sales: 185 units.
Benchmark Price: $544,700, relatively unchanged from last year.
Inventory: 433 units with 2.34 months of supply.
Cochrane:
Sales: 94 units.
Benchmark Price: $592,000, nearly 6% higher than the previous year and at a record high.
Inventory: 246 units with 2.62 months of supply.
Okotoks:
Sales: 56 units.
Benchmark Price: $627,100, nearly 2% higher than last April.
Inventory: 127 units with 2.27 months of supply.
Chestermere:
Sales: 62 units.
Benchmark Price: $705,900.
Inventory: 237 units with 3.82 months of supply.
Langdon (Rocky View Region):
Sales: 162 units.
Benchmark Price: $658,000.
Inventory: 495 units with 3.06 months of supply.
Strathmore (Wheatland Region):
Sales: 46 units.
Benchmark Price: $461,700.
Inventory: 117 units with 2.54 months of supply.
Conclusion:
April 2025 marked a transition toward more balanced market conditions in Calgary and surrounding areas. Increased new listings and inventory levels have eased the competitive pressure on buyers, leading to a stabilization of home prices. While sales have declined compared to the previous year, they remain consistent with long-term trends, indicating a healthy market adjustment. Buyers now have more options, and sellers may need to adjust expectations as the market continues to balance.
For more detailed information, you can refer to the full CREB® April 2025 reports:
