May 2025 - Calgary and Area Real Estate Stats
Posted by Erin Reeves on
May 2025 - Calgary and Area Real Estate Stats
Residential sales in Calgary dropped 17% compared to May 2024, driven mainly by a slowdown in apartment and condo activity. Despite the dip, May saw 2,568 sales—still 11% above the long-term average and an improvement over April.
New listings continue to climb, boosting inventory. However, similar increases in sales helped keep months of supply steady at 2.6—signalling a more balanced market.
According to Ann-Marie Lurie, CREB® Chief Economist, Calgary’s shift toward balance contrasts with other major cities where markets were already under pressure before recent economic uncertainty. Locally, this shift is easing price pressure.
Inventory gains have created a split market: some segments face…
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