Market Snapshot: July 2025 Data
Benchmark Price: $582,900 — down 3.9% year-over-year with slight monthly declines.
Average Sales Price: $616,700 — up 1.7% year-over-year, but down 4.6% from June.
Median Price: $569,500 — up 1.2% year-over-year, down 4.3% month-over-month.
Sales Volume: 2,099 homes sold — a 12% drop compared to last year.
New Listings: 3,911 homes — up nearly 9% year-over-year.
Active Inventory: 6,917 homes — up 66% year-over-year.
Months of Supply: 3.3 months, placing Calgary firmly in balanced market territory.
Days on Market: 37 days on average, up from 24 days earlier in the year.
What’s Driving the Shift in Calgary’s Housing Market?
1. Supply Surge Bringing Balance
New construction projects, particularly condos and townhomes, are adding significant inventory. Combined with more resale listings hitting the market, buyers now have more choice than at any point in the past two years.
2. Price Trends by Property Type
Detached Homes: Showing resilience, with only modest declines and in some cases slight year-over-year gains.
Condos and Row/Townhouses: Experiencing steeper price drops, especially in the North and Northeast quadrants.
3. Forecasts Adjusted Downward
Earlier in 2025, Calgary was on pace for around 26,000 sales. With economic uncertainty, that projection has been revised to closer to 23,000. While lower than expected, this level is still above Calgary’s long-term sales average.
4. The Bigger Picture
Despite short-term cooling, experts anticipate Calgary real estate will stabilize with moderate annual price growth of around 3% in the coming years. The city remains attractive thanks to affordability compared to other Canadian metros, continued population growth, and a resilient job market.
What Sellers Need to Know
Homes are taking longer to sell, averaging just over five weeks.
Pricing competitively from the start is critical in a balanced market.
Staging, marketing, and strong digital exposure make a difference when buyers have more choice.
What Buyers Can Expect
More options across nearly every property type.
Greater negotiating power, particularly in the condo and townhouse segments.
Detached homes in popular communities remain competitive, but with less of the bidding-war frenzy seen in recent years.
Looking Ahead to 2025–2026
As inventory levels climb and demand normalizes, Calgary is transitioning from a hot seller’s market into a more balanced environment. Buyers should expect opportunities this fall and winter, while sellers should prepare for a longer process and focus on presenting their homes strategically.
Longer-term, Calgary’s affordability and growth potential position it as one of the most stable and promising housing markets in Canada.
