Courtesy of Ryan Torris

PRICE ADJUSTMENTS MOSTLY DRIVEN BY APARTMENT AND ROW STYLE HOMES

CALGARY

AIRDRIE

BENCHMARK PRICE Current: $ 589,900 Last Mo.: -1.6 % Last Yr.:-2.5 %

BENCHMARK PRICE Current: $540,600

City of Calgary, June 2, 2025 Thanks to steep pullbacks in the apartment condominium sector, total residential sales in Calgary eased by 17 per cent compared to May of last year. While the drop does seem significant, the 2,568 sales this month remain 11 per cent higher than long-term trends for May and improved over last month. “Compared to last year, easing sales and rising inventories are consistent trends across many cities, as uncertainty continues to weigh on housing demand. However, prior to the economic uncertainty, Calgary was dealing with seller market conditions, and the recent pullbacks in sales and inventory have helped shift us toward balanced conditions taking the pressure off prices,” said Ann Marie Lurie, Chief Economist at CREB ® . “This is a different situation from some of the other larger cities, where their housing markets were struggling prior to the addition of economic uncertainty.” Last year there was limited inventory across most property types and price ranges. Recent inventory gains are creating pockets of the market that are struggling with too much supply while in other areas supply levels are still low relative to the demand, resulting in divergent trends in home prices.

Last Mo.: -0.8% Last Yr.: -1.6%

DAYS ON MARKET

DAYS ON MARKET

36

32

NEW LISTINGS

NEW LISTINGS

4,842

334

ACTIVE LISTINGS

ACTIVE LISTINGS

6,740

468

SOLD LISTINGS

SOLD LISTINGS

2,568

193

Stats Reflective of May 2025 Source: CREB ®

Stats Reflective of May 2025 Source: CREB ®

Market values stated are of the average of Calgary. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.

Market values stated are of the average of Airdrie. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.

Source: CREB ®

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R yan T orris REALTOR ® - TOP PRODUCER - OWNER Real Estate Agent, 1forAll Charity Contributor 403.710. SOLD (7653) concierge@blackrockre.ca www.blackrockre.ca @blackrockre

201, 120 2nd Ave NE Airdrie, AB T4B 2N2

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