If you've been watching Calgary's real estate market and wondering what’s really happening, you're not alone. As a local Realtor, I’ve been having this conversation daily — and the message is clear: the frenzy is calming, balance is returning, and with it, fresh opportunities for both buyers and sellers.
Inventory Is Up. Prices Are Steady. Now What?
In April 2025, we saw a significant change in Calgary’s housing market — inventory jumped to 5,876 units. That’s more than double what we saw this time last year, but let’s be real: last spring’s inventory was historically low. What we’re seeing now is more typical for this time of year, and that’s good news for everyone.
Home sales did slow down, reaching 2,236 units — down 22% from last year. But don’t be alarmed — these numbers are still consistent with long-term trends and far stronger than what we saw during the economic challenges of 2015–2020. As CREB® Chief Economist Ann-Marie Lurie explains, the stability is partly thanks to migration growth, steady employment, and better housing supply compared to the ultra-tight market of 2023–24.
What’s Really Going on in Calgary’s Housing Segments?
Let’s break it down by property type, because this is where things get interesting.
🏡 Detached Homes
Detached homes saw 1,102 sales — a 16% drop from last year. However, inventory rose to 2,511 units, bringing months of supply to 2.3. Prices remain strong: the benchmark price for a detached home in April hit $769,300, over 2% higher than last year. The City Centre is the star of the show, with a nearly 5% price jump year-over-year.
🏢 Semi-Detached
Sales dipped, but new listings helped inventory climb to 484 units. The benchmark price? $691,700 — up over 3% from last year. City Centre again led the pack in price growth, while the North remained stable.
🏙 Row Homes
Row house inventory hit 1,005 units — the highest since 2021 — creating three months of supply. The benchmark price stayed steady at $457,400. Some districts saw small declines, but overall the market is holding its value.
🏢 Apartment Condos
Sales were down 30% compared to April 2024’s record-setting month, but we’re still well above long-term averages. Inventory is climbing, especially in the North East, which now has seven months of supply. City-wide, the benchmark condo price remained at $336,000.
What This Means for You
Whether you’re buying or selling, this kind of market can work in your favour — if you play it right.
Buyers: More listings mean more choices and less competition. If you were sidelined last year due to bidding wars or limited inventory, now’s your chance to re-enter the market on more balanced terms.
Sellers: Yes, the pace has cooled — but benchmark prices have remained stable or risen slightly in many segments. If your home is priced right and presented well, it will still attract the right buyer.
In the surrounding areas, we’re seeing a similar trend:
Airdrie: Balanced market with 2.3 months of supply; prices steady at $544,700.
Cochrane: Sales are steady; prices up 6% year-over-year to a record-high $592,000.
Okotoks: Inventory is slowly climbing, helping moderate price growth. April's benchmark price: $627,100.
Thinking About Your Next Move?
Markets like this don’t come around often — balanced, steady, and full of opportunity. Whether you're thinking of upsizing, downsizing, or just exploring your options, this is a great time to talk strategy.
If you’re curious about what your home might be worth, or want to explore what’s available in your ideal neighbourhood, let’s connect. I’m here to help you navigate the nuances of this market and make confident, informed decisions — with no pressure.