Calgary Housing Market as of March 1, 2026

March 3rd, 2026

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 shows the months of inventory for all sectors in the Calgary Real Estate Market

Graph shows the months of inventory for all sectors in the Calgary Real Estate Market

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

February Highlights

  • The increase in sales outpaced the increase in Months of Inventory by approx. 14% moving us to favor sellers more than buyers.
  • Prices for Semi-Detached and Detached Homes increased by $15,200 and $10,300 respectively while prices for apartment condominiums decreased by $2,600. Attached Row Homes remained flat.
  • Months of Inventory decreased by .4
  • Looking like in 2026 Buyers are beating sellers to the market.

 

Calgary Listing Inventory

All sectors saw the Months of Inventory increase between 9% to 11% in February. The only exception is in the Semi-Detached Sector and this sector decreased by only four listings. This is normal for this time of year, as listings usually increase from January to June.

 

Calgary Sales

Sales in February increased by 23.66% over January. Take note that the increase in Semi-Detached homes was 48.31% and Attached Row homes increased by 45.16%. Other sectors increased by between 12-26%

 

Sales Compared to 2025: 

February compared to February of last year saw a sales decrease of 192 sales or 11.1%.

This shows that sales are still below last year at this time but it’s important to note that these numbers are still above long-term trends.

  Sept October  November  December January February
2025 2000 2167 1793 1318 1449 1718
2026 1720 1885 1553 1126 1234 1526
Change -280 -282 -240 -192 -215 -192
% Change -14. % -13.1 -13.4% -14.5% -14.9% 11.1%

 

Calgary Real Estate Benchmark Sales Prices:

The overall Benchmark price $6,100 in February. The highest increase was in the Semi-Detached sector at $15,200 followed by the detached sector at $10,300. The only sector that showed a loss was the Apartment Condo sector which lost $$2,600 or .86%.

Current Months of Inventory (Absorption Rate): 

The overall months of Inventory decreased by .4 which is quite substantial and really shows the direction of the market – moving to favor sellers over buyers.

 

My Prediction for what is ahead:

I believe that the Detached and Semi-Detached are going to continue favoring the sellers, the Attached Row sector will remain stable while the Apartment Condo sector will continue to favor Buyers meaning future price decreases.

*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.

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Calgary Housing Market Feb 1, 2026

February 2nd, 2026

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 shows the months of inventory for all sectors in the Calgary Real Estate Market

Graph shows the months of inventory for all sectors in the Calgary Real Estate Market

 

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

Hope everyone had a wonderful holiday season!

January Highlights

Months of Inventory in the Detached and Semi-Detached sectors stayed flat while the Months of inventory in the Attached – Row and Apartment sectors increased.

Typical Sales levels for a January and prices remained almost flat.

 

Calgary Listing Inventory

The Calgary listing inventory 13.76 % through January. This is very normal as many people wait until the new year to list.

 

Calgary Sales

Sales in January increased by 9.49% in January.  Again, this is normal for January to see increased sales over December.

  

Sales Compared to 2025: 

 January saw a decrease in sales compared to January 2025.  Looking at the last 6 months sales are consistently lower than in 2025.

  August  Sept October  November  December January
2025 2182 2000 2167 1793 1318 1449
2026 1989 1720 1885 1553 1126 1234
Change -193 -280 -282 -240 -192 -192
% Change -9.7% -14. % -13.1 -13.4% -14.5% 14.9%

 

Calgary Real Estate Benchmark Sales Prices:

The overall Benchmark price decreased by only $300 in January.  Both the Detached home sector and the Apartment Condo Sectors decreased by $2900 and $2400 respectively which are exceedingly small decreases.

 

Current Months of Inventory (Absorption Rate): 

The overall months of Inventory increased by .13 Again this was driven mostly by the Apartment Condo Sector (.7) and the Attached Row sector (.40). The only sector that saw a decrease was the Semi-Detached Sector which decreased by .44%.

 

My Prediction for what is ahead:

In late January, I attended the Calgary Real Estate Boards forecast put on by CREB’s economist.

To summarize her message the prediction for 2026 is for the Detached and Semi-Detached sectors to remain similar to last years levels.  She is also forecasting the supply levels for the Attached- Row and the Apartment Sectors to increase due to construction levels that are already in progress resulting in a further softening within those sectors.

 

*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.

Summary of the Calgary Real Estate Board Realtors Stats

Summary of the Calgary Real Estate Board Realtors Stats

 

 

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Calgary Housing Market – Jan 1, 2026

January 3rd, 2026

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 shows the months of inventory for all sectors in the Calgary Real Estate Market

Graph shows the months of inventory for all sectors in the Calgary Real Estate Market

 

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

Hope you had a wonderful holiday season!

January 1, 2026, Highlights

Inventory dropped by almost 31% while sales decreased by 27.5% decreasing our Months of Inventory by .17 A decrease in both these numbers is very expected as December gets people focused on family and the holidays.

I will add a note that the Calgary Real Estate Board indicated that the demand pressure eased up due to a reduction in migration and heightened levels of uncertainty.

 

Calgary Listing Inventory

The Calgary listing inventory decreased by between 26.75% to 30.8% so very consistent across the board. Now that we have hit January, I fully expect these numbers to increase going forward. As you can see from the graph, the number of listing for Apartment Condos decreased more than other sectors.

 

Calgary Sales

Sales in December declined overall by 27.5%. Apartment Condos declined by 11% while semi detached homes dropped by 42.1%. Apartment condominiums faired way better than every other sector and it suggests to me that people saw a good buying opportunity as the prices have declined substantially.

 

Sales Compared to 2024: 

 December saw a decline in sales over December 2024; my belief is that this is due to a strong 2024 and a more moderate 2025. Also, the numbers are consistent over the last 6 months.

 

  July August  Sept October  November  December
2024 2374 2182 2000 2167 1793 1318
2025 2099 1989 1720 1885 1553 1126
Change -275 -193 -280 -282 -240 -192
% Change -11.6% -9.7% -14. % -13.1 -13.4% -14.5%

 

Calgary Real Estate Benchmark Sales Prices:

The overall benchmark Price declined .77% during December. The highest decline was in the detached sector at 2.18%.

 

Calgary Real Estate Prices for 2025 – Here are the numbers.

Calgary Sales Prices Year to Date
Sales Prices BM Price Jan 1, 2025 Benchmark December Change Change %
Detached 747,500 726,900 -20,600 -2.76%
Semi Detached 677,600 666,800 -10,800 -1.59%
Attached – Row 447,400 421,300 -26,100 -5.83%
Apartment 332,400 303,600 -28,800 -8.66%
Total City 583,300 554,700 -28,600 -4.90%

 

As you can see all sectors declined over the year – consistently. This is simply a correct from 2024 when we had no inventory and we were seeing competing offers on every sale, so prices were shooting upwards. The market is simply trying to find where it should be.

Current Months of Inventory (Absorption Rate): 

The overall months of Inventory increased by .17 Again this was driven mostly by the Apartment Condo Sector (-.95) and the Semi-Detached (.69).

 

My Prediction for what is ahead: 

My short-term prediction is that in January we are going to see inventory grow more that sales growth softening the market. My reasoning is that in December we saw 865 listings expire and 905 listings terminated. There is always a high number in December and many of these listings will get relisted in January. I will be attending the Calgary Real Estate Boards forecast in late December so this will be me more facts on what they predict for the next year. Stay tuned.

 

*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.

Calgary Real Estate Board Realtors Stats

Summary of the Calgary Real Estate Board Realtors Stats

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Calgary Housing Market: Dec 1, 2025

December 1st, 2025

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 shows the months of inventory for all sectors in the Calgary Real Estate Market

Graph shows the months of inventory for all sectors in the Calgary Real Estate Market

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

December 1, 2025, Highlights

Inventory levels declined by 13.75% in November while sales decreased by 17.61% in November. This trend of decreased inventory and Sales is very normal for November.

*** The Months of Inventory for Apartment condominiums in November rose by .92 to 5.5 months – very deep into a buyer’s market. Prices overall fell by $9000 in November which was consistent across all Sectors except Detached Homes that only decreased by $1,300.

Calgary Listing Inventory

Calgary inventory levels are 28% higher than last year and over 15% higher than typical levels reported in November. As you can see from the graph the Apartment Condo market and to a lesser extent the Attached Row Sectors are driving the high inventory levels.

 Calgary Sales

Sales in November decreased overall by 17.61% and this is typical for November.

 

 

Sales Compared to 2024: 

 

November saw a decline in sales over November

2024, my belief is that this is largely due to a very strong 2024 and a more moderate 2025.

 

  June July August  Sept October  November 
2024 2374 2374 2182 2000 2167 1793
2025 2286 2099 1989 1720 1885 1553
Change 88 -275 -193 -280 -282 -240
% Change -.04 -11.6% -9.7% -14. % -13.1 -13.4%

 

Calgary Real Estate Benchmark Sales Prices:

The overall Benchmark price for November decreased by $9,000 or 1.58%   Most of this decline is from the Apartment Condo sector ((2.8%). The Attached Row Sector declined by1.58%, and the Semi-detached sector by 1.67%. The detached home sector showed the lowest decline at only .17%.

 

Current Months of Inventory (Absorption Rate): 

The overall months of Inventory increased by .16 Again this was driven mostly by the Apartment Condo Sector and the Attached Row sector.

 

My Prediction for what is ahead: 

My prediction over the short term is for more of the same for the next 3-4 months. I could be wrong here as we personally have seen a heightened amount of new activity in December. The heightened activity is for us, and the market numbers are certainly not showing it yet.

 

*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.

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Calgary Housing Market – Nov 1, 2025

November 4th, 2025

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 shows the months of inventory for all sectors in the Calgary Real Estate Market

Graph shows the months of inventory for all sectors in the Calgary Real Estate Market

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

November 1, 2025, Highlights

Pace of new listings growth slows, preventing further inventory gains. October we saw a decrease in Inventory along with an increase in Sales lowering our Months of Inventory. This is a reverse to our normal trend as normally as we get closer to the new year sales go down.

Calgary Listing Inventory

In October, our listing inventory decreased marginally by 6.64% or 445 listings. The largest decrease was in detached homes (9.0%). One important thing to note is that 71% of this decrease was in the last week of the month. Often Realtors set their listings to expire are the end of the month so we might see a very quick rebound if those listings get relisted.

 Calgary Sales

For October, our sales increase by 165 sales or 9.59% which is the opposite direction of what normally happens in October and what we were all expecting. I have also personally noticed an increase in the number of Buyer’s I’m assisting. This leads me to believe that some of those people who have been sitting on the sidelines are now making the move so our market may start to change direction again.

Sales Compared to 2024: 

September saw a decline in sales from August (14%.). This is higher than the last 3 months of 9.7%, 11.6% showing that the market continues to cool.

 

  May June July August  Sept October  
2024 3090 2374 2374 2182 2000 2167
2025 2568 2286 2099 1989 1720 1885
Change -522 88 -275 -193 -280 -282
% Change -16.89 -.04 -11.6% -9.7% -14. % -13.1

 

Calgary Real Estate Benchmark Sales Prices:

The overall Benchmark price for August decreased by .84%. The lowest decrease was in the Semi-Detached sector at .25% and the highest price decline was in the Attached Row sector at -1.35%.

Current Months of Inventory (Absorption Rate): 

The total months of Inventory as of November 1 decreased by .59 die to lower inventory and higher sales. The only sector that saw and increase in months of inventory was the Attached Row sector and its increase was only .22.

My Prediction for what is ahead: 

Although we saw a shift in a lower inventory and increased sales this month, I still believe we will stay in a balanced/buyers’ market for some time until there is a little more certainty in Canada with US Tariffs etc. I do however believe when we get some certainty, we could end up back in a strong Sellers market as there are a lot of people sitting on the fence right now.

 

*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.

Graph shows the months of inventory for all sectors in the Calgary Real Estate Market

Graph shows the months of inventory for all sectors in the Calgary Real Estate Market

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Posted in Blog, Condos, Market Snapshot, Property Values, Real Estate Board's Statistics | Comments Closed

Calgary Housing Market – Oct 1, 2025

October 2nd, 2025

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. Notice the trend for Apartment Condos – Yellow line.

Graph showing Months of Inventory for Calgary Real Estate Market

Graph shows the months of inventory for all sectors in the Calgary Real Estate Market

 

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

October 1, 2025, Highlights

The cooling trend continues with inventory up and sales down. Of course, this leads to a higher Months of Inventory and price decreases across all Sectors.

 

Calgary Listing Inventory

In September, our listing inventory increased marginally by 3.83% or 255 listings. The largest increase was in detached homes (4.92% and Semi-Detached (16.86%). The only sector to decrease was Attached Row Homes by four listings.

 Calgary Sales

August reported a decline of 13.52% in sales from August. A portion of this is normal as sales always decline as we near the end of the year however this is a significant decline, and it put us under the long-term average for the first time in a long time.

 Sales Compared to 2024: 

 September saw a decline in sales from August (14%.). This is higher than the last 3 months of 9.7%, 11.6% showing that the market continues to cool.

 

  April May June July August  Sept
2024 2876 3090 2374 2374 2182 2000
2025 2236 2568 2286 2099 1989 1720
Change -640 -522 88 -275 -193 -280
% Change -22.25% -16.89 -.04 -11.6% -9.7% -14. %

 

Calgary Real Estate Benchmark Sales Prices:

The overall Benchmark price for August decreased by .76% The lowest decrease was in the Semi-Detached sector at .35% and the highest price decline was in the Apartment Condo sector at -1.1%.

Current Months of Inventory (Absorption Rate): 

The total months of Inventory from Sept 1 to Oct 1 climbed by .67 This puts the entire market in a buyer’s market position. The smallest increase was in the Attached Row sector (.36), and the highest change was in the Semi-Detached sector (1.39)

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. It is important to note that the Apartment Condo sector now has Months of Inventory at almost five which is the highest we have seen in a couple of years.

 

*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.

Calgary Real Estate Board Realtors Stats

A Summary of the Calgary Real Estate Board Realtors Stats

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Calgary Housing Market – Sept 1, 2025

September 2nd, 2025

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

Graph showing Months of Inventory for Calgary Real Estate Market

 

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

Sept 1, 2025, Highlights

The month of inventory rises again.

Inventory is down in all Sectors.

Prices are creeping down from last years highs.

 

Calgary Listing Inventory

For the month of August our Inventory decreased in all sectors. A decreasing inventory in August is quite typical at this time of year as less people want to list their home at the end of the summer. The trend of decreasing inventory is to be expected until the start of 2026.

 

Calgary Sales

August reported 1,989 sales, nearly nine per cent lower than last year. Sales have slowed compared to the elevated levels reported over the past four years. However, activity is still above long-term trends, reflecting relatively strong demand.

 

Sales Compared to 2024: 

Compared to July of 2024 our sales were down 193 or 9.7%. While this drop seems significant, it is because last year was an abnormally high month/year of sales. We are still trending above long-term averages in sales showing a relatively strong market.

 

  March April May June July August  
2024 2658 2876 3090 2374 2374 2182
2025 2159 2236 2568 2286 2099 1989
Change -499 -640 -522 88 -275 -193
% Change -18.88 -22.25% -16.89 -.04 -11.6% -9.7%

 

Calgary Real Estate Benchmark Sales Prices:

The overall Benchmark price for August was down by $5,700 or .98% The main cause of this is our increased supply level giving buyers more choices. This decrease was seen across all sectors.

 

Current Months of Inventory (Absorption Rate): 

The months of inventory increased by only .05% however we saw a large loss of .37 in the Semi-Detached sector while all the other sectors increased. As you can see from my graph at the top the Apartment Condo sector continues to trend the highest.

 

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. It is also interesting to note that while the only sector showing to be in a buyer’s market is the Apartment Condo sector but buyers in all sectors are acting like we a in a full-blown buyer’s market.

* 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

A Summary of the Calgary Real Estate Board Realtors Stats

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Calgary Housing Market – August 1, 2025

August 2nd, 2025

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

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 Increases again!

Prices Decline overall

Apartment Condos are now in Buyer’s market territory.

 

Calgary Listing Inventory

Our Inventory stayed steady for the month of July ending with 24 less listings that in June.

The only sector that saw an increase in inventory was the Attached Row sector and it was only 26 listings higher.

 

Calgary Sales

Sales for July were down by 187 sales overall.  Of this decrease the largest sector was the detached home sector with 163 less sales. The only sector that saw an increase in sales was the Attached Row sector with an increase of 25 sales.  Sales slowing in July is a normal pattern with summer holidays starting and stampede week slower sales are expected.  We can expect every month between now and the end of the year to have lower sales.

 

Sales Compared to 2024: 

Compared to July of 2024 our sales were down 275 or 11.6%.   While this drop seems significant, it is because last year was an abnormally high month/year of sales.

 

  Feb March April May June July
2024 2132 2658 2876 3090 2374 2374
2025 1721 2159 2236 2568 2286 2099
Change -411 -499 -640 -522 88 -275
% Change -19.28 -18.88 -22.25% -16.89 -.04 -11.6%

 

Calgary Real Estate Benchmark Sales Prices:

The overall Benchmark price for July was only $3,300 lower than at the end of June.  The largest sector change was in the Attached Row sector which declined by $4,100.  The only sector that gained in July was the Semi-Detached sector which increased by $1,100

 

Current Months of Inventory (Absorption Rate): 

The Months of Inventory for July increased overall by .26

All sectors had similar increases except the Attached row sector which decreased by .16

Important to note that the Apartment Condo Sector has now officially moved into Buyer’s 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.  It is also interesting to note that while the only sector showing to be in a buyer’s market is the Apartment Condo sector but buyers in all sectors are acting like we a in a full blown buyers market.

 

Calgary Real Estate Board Realtors Stats

Calgary Real Estate Board Realtors Stats

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Calgary Housing Market – July 2025

July 2nd, 2025

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

Graph showing Months of Inventory for Calgary Real Estate Market

 

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

July 1, 2025, Highlights

  • Months of Inventory continues to creep upwards
  • Prices in all sectors decreased slightly (Highest sector was detached homes at <$5100>
  • Apartment Condos almost hit Buyers Market territory

Calgary Listing Inventory

Our Inventory showed an increase of 201 listings or 2.98% which is a very small increase.

 Calgary Sales:   Sales in June were 10.98% lower than sales in May.  This is not typical as June typically records our highest sales.  This reinforces that the market continues to slow. The highest decrease is in the Attached Row sector at <24.02%) which is not surprising as this sector has been outperforming for the last year and a half.

 

Sales Compared to 2024: 

Compared to June of 2024 our sales were down 451 or 16.5%.  While this drop seems significant, the 2737 last year was when the market was booming.

 

  Dec Jan Feb March April May
2024 1362 1649 2132 2658 2876 2737
2025 1322 1451 1721 2159 2236 2286
Change 40 198 -411 -499 -640 -451
% Change -3.0% 12.1 -19.28 -18.88 -22.25% -16.50

 

Calgary Real Estate Benchmark Sales Prices:

The overall Benchmark price for June was $586,200 a slight decrease of $3,700 from the end of May.  All sectors saw marginal decreases.

Current Months of Inventory (Absorption Rate): 

As the listing Inventory increased and the number of sales decreased this put our months of inventory into an increasing position.  The good news is the overall months of inventory increased by .5 which is much higher than previous months.  Attached row homes saw the largest increase of .92 while Apartment condos saw the smallest increase of .33 Of note here is the Apartment condo sector hit 3.97 Months of inventory and 4 and above, I consider to be in a buyer’s market.

 

My Prediction for what is ahead: 

I believe that over the next 6 months you will see a continued slowing of the market – certainly not a market crash but the Market just trying to balance itself out and find the new norm.  Having said this, I also believe there are a ton of people sitting on the fence and if and when the Canadian economy shows positivity including making a deal with the US then our market will likely explode again.

 

*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.

Calgary Real Estate Board Realtors Stats

Calgary Real Estate Board Realtors Stats

 

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Calgary Housing Market June 1, 2025

June 3rd, 2025

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

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

Calgary Real Estate Board Realtors Stats

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Posted in Blog, Market Snapshot, Real Estate Board's Statistics | Comments Closed

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