Archive for May, 2025

Calgary Housing Market: May 1, 2025

Thursday, May 1st, 2025

What is really happening in the Calgary Real Estate Market you ask?

 The following graph shows the months of inventory for each housing sector. Looking at a one-year trendline gives you an indication of where things are really heading.

Graph showing Months of Inventory for Calgary Real Estate Market

Months of Inventory for Calgary Real Estate Market

 

Gord’s commentary for the month ( my opinion).

 May1, 2025, Highlights

April showed a modest softening in all Sectors with prices remaining steady even with the market softening.

 

Calgary Listing Inventory

April saw another increase in our inventory levels, part of this being seasonal and part is showing a softening of the market. The increase overall was 13.83%. The Attached – Row sector increased by 21.7% and Semi – Detached homes showed a 19.2% increase while the Apartment sector increased by only 9.18%.

 

Calgary Sales:

Throughout April our sales overall increased by only 3.57% over March. All sectors’ sales grew at a similar rate except the Attached-Row sector which saw a decline of 11.25% This makes sense to me as in my opinion the attached-row sector has been over performing compared to the other sectors.

 

Sales Compared to 2024: 

Compared to April  of 2025 our sales were down 22.25%

Yes, this is a big slowdown, however we must remember that Feb through June of last year!

were all record-breaking months so it would bee unrealistic to expect the same.

  Nov Dec Jan Feb March April
2024 1783 1362 1649 2132 2658 2876
2025 1797 1322 1451 1721 2159 2236
Change 14 40 198 -411 -499 -640
% Change .8% -3.0% 12.1 -19.28 -18.88 -22.25%

 

Calgary Real Estate Benchmark Sales Prices:

The overall Benchmark price for April was only $1.400 lower than at the end of March. All market sectors were similar except the Attached- Row sector which increased by .75%

 

Current Months of Inventory (Absorption Rate): 

With the increase in inventory much larger that the increase in sales our Months of Inventory increased in all sectors by between .00 to .30 again except Attached-Row homes that showed an increase of .77  The changes over the last few months have now put every Sector into a balanced market position except detached homes that remain just into a Sellers Market Position.

 

My Prediction for what is ahead: 

In the short term (3-6 months), I believe, based on our trend is that we will continue to see our months of Inventory increase slightly every month which will put the entire market into a more balanced territory giving Buyer’s and Seller’s equal power.

 

*Below is a summary of numbers in chart form. All numbers are taken from the Calgary Real Estate Boards monthly Stats package.

*All numbers vary by community and price ranges, if you would like stats specifically for your neighbourhood, please contact us.

Stats from the Calgary Real Estate Board

Calgary Real Estate Board Realtors Stats

Calgary Real Estate Board Realtors Stats