CREB® reported on July 2, 2025 that Calgary inventory reached 6,941 homes at the end of June, back to 2021 levels, before the surge in population growth.
Calgary benchmark price by type, June 2024 vs 2025
The main points
- Sales were 2,286, down 16% but consistent with long-term trends. New listings were 4,223.
- Months of supply was about three, up from 1.4 a year ago.
- The benchmark price was $586,200, over 3% lower than last June.
- Row and apartment homes have nearly four months of supply and favour buyers; detached and semi-detached markets are balanced.
- CREB Chief Economist Ann-Marie Lurie said more choice, “no further declines in lending rates,” uncertainty and worries about price adjustments are keeping many buyers on the sidelines.
By type
- Detached: 1,194 sales (−6%) and 3,107 for sale. Only the North East favours buyers, with prices down 4%. The citywide price was $764,300, less than 1% lower.
- Semi-detached: 2.6 months of supply. The price was $696,400, over 1% higher; City Centre semis are at record highs.
- Row: a 50% sales-to-new-listings ratio and 1,167 for sale. The North East has nearly six months of supply. The price was $450,300, 3% lower.
- Apartment: 1,024 new listings and 532 sales; nearly four months of supply. The price was $333,500, over 3% lower. Slower international migration is weighing on demand.
Compared with May
June was quieter than May. Sales fell from 2,568 to 2,286 and new listings from 4,842 to 4,223, but new listings still outpaced sales, so inventory edged up again, from 6,740 to 6,941. With fewer sales, months of supply rose from 2.6 to about 3.0. The benchmark price slipped from $589,900 to $586,200. For detached homes, sales of 1,194 were 6% lower than both May and June 2024.
Calgary homes for sale (inventory)
Compared with June 2024
A year ago, Calgary had 2,737 sales, 3,798 new listings and just 3,789 homes for sale, or about 1.4 months of supply. Inventory is now 83% higher. The sales-to-new-listings ratio fell from 72% to 54%, and the typical home took 33 days to sell, compared with 20 days a year earlier. The median price of $595,000 and the average of $646,147 were both about 4% higher than last June, but the benchmark, which adjusts for the mix of homes sold, is over 3% lower. CREB notes that overall conditions have changed, but not enough to erase the significant price growth of the past four years.
Where the supply is building
Every property type has more inventory than a year ago, but not to the same degree. Row and apartment inventories are more than 30% above long-term trends, while detached and semi-detached supply is only slightly above typical levels. That is why CREB describes row and apartment homes as shifting toward a buyers’ market with nearly four months of supply, while detached and semi-detached conditions are relatively balanced. Among detached homes, sales fell most for higher-priced homes that compete with new construction. By district, the steepest declines in detached sales were in the City Centre and the North East, at over 20%, while the West and South East reported gains.
What it means for buyers
Buyers looking at condos and townhomes are in the strongest position in several years. With nearly four months of supply, it is reasonable to ask for conditions, to negotiate on price and to compare resale units with new buildings nearby. Detached buyers have more choice than last year, but in the West and South East, where sales are rising, good homes still attract competition.
What it means for sellers
Sellers need realistic pricing and good presentation. Homes now take about two weeks longer to sell than last year, and condo and row sellers face the most competition. Pricing close to recent sales in the same building or block is the best way to avoid a long stay on the market.
Local angle
CREB’s chief economist said more choice, no further declines in lending rates, uncertainty and worries about price adjustments are keeping many buyers on the sidelines. When those buyers return, the most-supplied segments will feel it first.
