.png)
May 2025 Market Update
There’s been some talk lately about a “drop” in Calgary’s real estate market — mainly because sales were down 17% compared to last May. But that headline doesn’t tell the full story. The truth is, Calgary’s market is adjusting, not collapsing. In fact, sales in May were still 11% higher than the city’s long-term average for this time of year. What we’re seeing is a natural shift toward balance after a very active few years.
Inventory levels have grown — almost double compared to last year — giving buyers more options and easing the pressure we’ve been used to. Detached homes are holding strong with a benchmark price of $769,400, which is actually up 1% from last year. Townhomes and apartments, on the other hand, are seeing a bit more price movement as new construction and rental supply create more competition. Overall, Calgary’s benchmark price dipped slightly from April to $589,900 — still very healthy and far from what we’d call a downturn.
If you’re thinking of selling, it’s important to know that homes are taking longer to sell. Buyers are being more selective, and pricing based on last year’s peak may lead to your home sitting on the market. Strategic pricing and preparation are everything right now. This is not the time to guess — it’s the time to plan smartly.
On the flip side, if you’re buying, this market brings opportunity. With more listings, especially in the condo and row home segments, you have more time and flexibility to find the right fit. Whether you’re buying your first home or your next one, this is a great time to start exploring — especially if you’re clear on your budget and ready to move with purpose.
Calgary is in a different position than many other Canadian cities. While places like Toronto and Vancouver were cooling even before interest rates and uncertainty came into play, Calgary entered this phase with strength. That’s why we’re still seeing solid activity, despite the shift in pace.
So no — the market hasn’t dropped. It’s finding its rhythm. And that means smart sellers and strategic buyers can both find success.
If you’ve been wondering what your next move should be — whether you’re upsizing, downsizing, investing, or just testing the waters — I’d love to help you make a confident and well-informed decision.
Let’s refine your real estate experience.
—
Diana Secrieru
Refined Estate
Coldwell Banker Mountain Central | Calgary & Surrounding Areas
