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 oversupply while others remain tight. Detached and semi-detached home prices held steady and remain above last year’s levels. In contrast, row and apartment prices slipped slightly, weighed down by more rental and new-build options.
The city-wide unadjusted benchmark price in May was $589,900—down slightly from April and over 2% lower than May 2024.
What This Means for You
Whether you're looking to enter the market or planning your next real estate move, now is a great time to explore your options. The shift toward balanced conditions means more opportunities and less competition.
Let’s Talk About Your Next Move
If you're thinking about buying or selling, let's connect. I can help you understand how these trends affect your goals and find the right strategy for today's market.
Posted by Erin Reeves on
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