What is really happening in the Calgary Real Estate Market?
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
Gord’s commentary for the month (just my opinion).
June 1, 2025, Highlights
Months of Inventory remain the same
Selection for Buyers has increased
Prices continue to remain stable
Calgary Listing Inventory
Our Inventory showed an increase of 873 listings (or 14.88%) in May with the majority (484) being Detached homes. The Last week of the month saw a decrease in listing Inventory for the first time this year. Rising inventory at this time of year is very normal and will likely continue for the month of June.
Calgary Sales: Sales in May increased over may by 332 Sales (14.85%). Semi detached homes increased by 66 sales or 34.74% so the largest increase of all Sectors with Attached Row Houses increasing at 10.01%. Apartment Condos saw a decrease in sales of 1.7% Again it is normal to see seasonal sales increases in May and will likely continue for another month.
Sales Compared to 2024: Compared to May of 2024 our sales were down 522 or 16.89%. While this drop seems significant, the 2568 Sales this month remain 11% higher than the long-term trends for May and improved over last month.
Dec | Jan | Feb | March | April | May | |
2024 | 1362 | 1649 | 2132 | 2658 | 2876 | 3090 |
2025 | 1322 | 1451 | 1721 | 2159 | 2236 | 2568 |
Change | 40 | 198 | -411 | -499 | -640 | -522 |
% Change | -3.0% | 12.1 | -19.28 | -18.88 | -22.25% | -16.89 |
Calgary Real Estate Benchmark Sales Prices:
The overall Benchmark price for May was only $1,200 lower than at the end of April. The largest sector change was in the Semi-Detached home sector at $5,600. Attached Row homes decreased by $3,800. The benchmark price YTD has increased by $6,600 or 1.13% with all sectors in the gain position.
Current Months of Inventory (Absorption Rate):
The Months of Inventory for May remained at 2.62 (same as April) keeping us in a balanced market position. Detached homes and Apartment condos showed a slight increase while Semi-Detached and Attached-Row homes decreased sightly. Take note the Apartment Condo market is nearing Buyer Market territory.
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 with prices decreasing slightly. What is interesting is when you look at specific communities some are up, and some are down.
*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.
See Calgary Real Estate Stats Below:

Calgary Real Estate Board Realtors Stats