MARKET UPDATE
JUNE 2025 | CALGARY REAL ESTATE
June 2025 Calgary Real Estate Market Update
TLDR: What You Need to Know
→ Inventory is rising across all property types, especially apartments and row homes
→ Benchmark price across Calgary is down 3.6 percent year over year
→ Detached and semi-detached homes remain relatively stable
→ Buyer conditions are strengthening, particularly in the North East and South East
→ Balanced market conditions are returning to Calgary for the first time since 2021
Calgary Housing Market Overview - June 2025
The Calgary real estate market saw notable shifts in June 2025 as new listings surged and inventory climbed to its highest level since 2021. While this means more choice for buyers, it also signals a return to more balanced market conditions across much of the city.
According to the Calgary Real Estate Board (CREB®), there were 2,286 total residential sales in June, representing a 16.5 percent decline from June 2024. Despite this, sales remain in line with long-term averages. The bigger story this month is the significant jump in active listings, with inventory reaching 6,941 units, an 83 percent increase from this time last year.
This increase in supply, especially in the apartment and row home segments, has started to weigh on home prices. The citywide benchmark price now sits at $586,200 — down 3.6 percent from June 2024 and slightly below May's level.
Key Calgary Real Estate Market Stats
Calgary Home Prices by Property Type
Detached Homes
Benchmark Price: $764,300
Year-over-Year Change: down 0.4 percent
Sales: 1,194 units (down 6.5 percent YoY)
Detached home prices have remained relatively flat despite increased listings. The segment is showing more balanced conditions across most districts.
Semi-Detached Homes
Benchmark Price: $696,400
Year-over-Year Change: up 1.5 percent
Sales: 212 units (down 9 percent YoY)
This segment has held value due to ongoing demand in established communities. The largest gains are seen in the City Centre and South West.
Row Homes
Benchmark Price: $450,300
Year-over-Year Change: down 3.1 percent
Sales: 348 units (down 20 percent YoY)
The largest inventory gains were seen in this segment. Higher supply and lower demand are leading to modest price declines, especially in the North East and South East.
Apartments
Benchmark Price: $333,500
Year-over-Year Change: down 3.3 percent
Sales: 532 units (down 33 percent YoY)
With almost four months of supply, apartment-style homes are officially in buyer's market territory. This has created more negotiation power for buyers and softer prices across most districts.
Calgary Real Estate Trends by District
The most stable or appreciating markets are in the South West, City Centre, and North West. Price declines are concentrated in the North East and South East, where inventory gains have been most aggressive.
Key Takeaways for June 2025
→ The Calgary real estate market is transitioning from a strong seller’s market to more balanced conditions
→ Detached and semi-detached home prices remain resilient due to steady demand and lower relative supply
→ Apartments and row homes are now experiencing downward price pressure due to rising inventory
→ Buyers are seeing more opportunity and time to make decisions, especially in higher-supply districts
→ Sellers need to price strategically and consider the rising competition in their segment
FAQ
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The Calgary market is moving toward balanced conditions. Detached and semi-detached homes are still fairly competitive, while apartments and row homes are shifting toward buyer-friendly territory with nearly four months of supply.
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Increased inventory, higher days on market, and a pause in population growth are all contributing factors. Price declines are most prominent in apartment and row housing due to oversupply in those segments.
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Buyers who need more choice and time will benefit from today’s conditions, especially in the apartment and townhome markets. However, waiting too long could also mean missing out on more favourable mortgage rates in the future.
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CREB® notes that while prices are adjusting, they are still significantly higher than four years ago. The market is not collapsing but stabilizing. Most districts are seeing minor monthly declines rather than sharp corrections.
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As of June 2025, the average days on market is 33 days, up from 20 days a year ago. Homes in higher-demand areas or price ranges still sell faster when priced competitively.
Final Thoughts
The June 2025 housing stats confirm that Calgary real estate is undergoing a shift. More supply is creating breathing room for buyers and putting pressure on pricing strategies for sellers. While the overall market is balancing out, trends vary widely depending on location and property type.
If you're looking to buy, sell, or invest in Calgary, understanding these micro-trends is more important than ever. I offer one-on-one consultations to help you make data-informed decisions that align with your goals.
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