Courtesy of Ken Nguyen

Price adjustments mostly driven by apartment and row style homes

$335,300 apartment DOWN 1.5% year-to-year

$769,400 detached

UP 1.0% year-to-year

BENCHMARK PRICES

$453,600 rowhouse DOWN 1.9% year-to-year

4,842 NEW LISTINGS 2,568 SOLD LISTINGS

detached 2,419 1,231 apartment detached 1,275 579 apartment

53.0% SALES TO NEW LISTING RATIO

32 DAYS ON MARKET

2.6 MONTHS OF INVENTORY

6,740 ACTIVE LISTINGS

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. Statistics reflect market activity in May 2025 | Source: CREB ® Calgary Real Estate Board. Market values stated are of the benchmark of the city 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.

REAL ESTATE AGENT Ken Nguyen

email: kennguyenrealestate@gmail.com phone: 403.991.1153

101-110 Country Hills Landing NW Calgary, AB, T3K 5P3

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