CREB®’s October 2025 regional data, released on November 3, show prices moving in different directions around Calgary.
Benchmark price, October 2025
Airdrie
CREB said new listings reached a record for October, keeping inventory elevated at 535 homes against 136 sales. CREB’s table shows 3.93 months of supply. Prices have been trending down since April: the benchmark was $520,400, nearly 1% lower than September and nearly 5% lower than last year, partly due to competition from new homes.
Cochrane
Sales improved and new listings eased, lifting the ratio to 55%. Supply eased to just over four months. The benchmark price was $585,200, similar to September and over 2% higher than last year; year to date, prices are up nearly 4%. CREB said more new homes being resold may be part of the reason.
Okotoks
New listings jumped to 91, and the ratio dipped below 50%, but inventory remains low compared with long-term trends. The benchmark price was $618,600, up from September and in line with last October.
Chestermere
CREB’s package shows 43 sales, 132 new listings and 258 homes for sale, or 6.00 months of supply. The benchmark price was $698,100.
Compared with September
Airdrie’s inventory eased from 571 in September to 535 and its months of supply from 4.29 to 3.93, as new listings fell from 295 to 250 and sales were similar at 136. Cochrane’s sales improved from 62 to 73 while new listings eased from 148 to 134, lifting the sales-to-new-listings ratio from 42% to 55%. In Okotoks, new listings jumped from 69 to 91 while sales fell from 51 to 45, raising inventory from 115 to 137 and supply from 2.25 to 3.04 months. Chestermere’s supply rose from 5.04 to 6.00 months as sales slipped from 51 to 43.
Months of supply, October 2025
Compared with October 2024
Okotoks has about 34% more homes for sale than a year ago, and its benchmark of $618,600 is unchanged from last October. Cochrane’s benchmark of $585,200 is 2.3% higher, and CREB said year-to-date prices are up nearly 4%. In Airdrie, the benchmark of $520,400 is nearly 5% lower, and CREB said prices have been trending down since April, partly because of competition from new homes.
Detached homes compared
CREB’s October package lists detached benchmarks of $619,600 in Airdrie, $671,700 in Cochrane, $699,700 in Okotoks, $744,400 in Calgary and $788,100 in Chestermere. Airdrie’s detached benchmark is now about $125,000 below Calgary’s.
What it means for buyers
Chestermere buyers have six months of supply and a 33% ratio, a clear buyers’ market. Airdrie buyers have nearly four months and falling prices. In Okotoks, the jump in new listings gives buyers more choice than at any point this year, though inventory is still low compared with long-term trends. Cochrane, with steady prices and an improving ratio, sits in between.
What it means for sellers
Airdrie and Chestermere sellers should price to compete with new homes and expect negotiation. In Cochrane, steady prices give sellers more confidence, but a 55% ratio still means buyers have options. Okotoks sellers should watch the new competition closely.
Local angle
Year to date, Airdrie has recorded 1,514 sales on 2,791 new listings and Chestermere 539 sales on 1,279 new listings. The towns remain active, but buyers now have more choice than a year ago.
Why Cochrane’s prices are holding
CREB noted that Cochrane’s sales improved in October while new listings eased, and that more new homes being resold may be part of the reason prices have held up. Its benchmark has been close to $585,000 since September, and year-to-date prices are up nearly 4%. In Okotoks, CREB said that even with October’s jump in new listings, inventory remains low compared with long-term trends, which helps explain why prices there are level with last year rather than falling.
