Gina Savi

Calgary home sales eased in May, primarily due to a slowdown in condominium activity. Still, the market remains active and balanced. A rise in new listings is giving buyers more choice.

With more supply on the market, sellers are adjusting expectations. Homes now need to be priced right to attract interest—quick sales at premium prices are no longer a given. Detached and semi-detached home prices remain stable, while condos and townhomes experienced modest price dips, impacted by growing competition from new construction and rental inventory.

As of May, the benchmark price for a typical Calgary home is $589,900, down slightly from the previous month.

✨ Ongoing Economic Uncertainty: Tariff threats have led to decreased consumer confidence, impacting housing activity in March.

✨ Shift Toward Balanced Market: Easing demand coupled with gains in new listings and rising inventories is helping the market shift back toward balanced conditions after four consecutive years favoring sellers.

✨ Slower Sales Across Property Types: Sales slowed across all property types, with the most significant declines in higher-density segments.

✨ Market Variability: Market conditions vary significantly depending on location, price point, and property type.

✨ Price Trends: Detached and semi-detached home prices remain consistent with peak levels and continue to rise, while apartment and row-style homes report prices slightly lower than last year’s peak.


Data from

Key Highlights:

✨ Highs and lows of the Calgary Market; Buyers with higher budgets have more options, while those looking under $600,000 may still find the market tight

✨ Sales: 2,174 homes sold (24% above long-term October averages) Most sales gains are in homes above $600,000

✨ Inventory: Listings on the rise especially for higher-priced homes, 3,264 units available

✨ Prices: Benchmark price at $592,500 (up 4.5% YoY)

September saw 2,003 home sales, down 17% from last year but still 16% above the norm for this time of year. Sales in higher price ranges stayed strong, but lower-priced homes continue to be in short supply.

Key Points:
• Market Shift: Months of supply rose to 2.5 months, signaling more balanced conditions

• Sales: 2,003 homes sold (17% below last year, but still above long-term averages)

• Inventory: 5,064 units available (double the spring low, but still below normal)

• Prices: Benchmark price at $596,900 (up 5% YoY, slightly down from last month)

New listings are up, mostly in higher price ranges. With improved supply and lower lending rates, demand should stay strong through fall.

More supply and new listings help prices to stabilize. August saw a shift in the market away from the intense seller’s market seen earlier this year to more balanced market conditions. The market’s still competitive, but with more supply on the horizon, now might be the right time to make your move. Curious what your home might be worth today, give me a call.

Key Highlights:

✨ Seller’s Market: Supply remains tight, particularly in homes priced under $600,000

✨ Sales: 2,186 homes sold (down 20% from last year but 17% above long-term averages)

✨ Inventory: 4,487 units available (up 37% from last year but still 25% below normal levels)

✨ Prices: Benchmark price at $601,800 (up 6% YoY, slightly lower than last month)