đź“Š May Snapshot
- Sales: 2,568 homes sold—a 16.9% decline year-over-year, but still ~11% above long‑term May averages
- Inventory: 6,740 listings, up nearly 98–97.5% from last year
- Months of Supply: 2.6 months—still in “balanced” territory; neither a hot seller’s market nor a buyer’s market
🏷️ Price Trends
- Benchmark price: ~$589,900—down ~2–2.5% y/y
- Detached & Semi‑detached: Holding steady or slightly up (detached: +1%, semi: +2–3%)
- Row & Apartment: Slight declines, pressured by new supply, especially apartments with rising new‑build and rental completions
đź”® Outlook for Remainder of 2025
1. Market Balance & Absorption
CREB forecasts suggest 2025 sales will remain above long‑term trends thanks to population and employment growth and easing interest rates However:
- Rising inventory (from new‑build and listings) will keep market conditions balanced.
- Stabilized months‑of‑supply around 2.5–3 months—a neutral market tone
2. Price Growth Moderation
- City‑wide benchmark prices expected to grow ~3% over 2025—slower than the 6–7% seen in 2024 .
- Segment divergence:
- Lower‑priced detached and semi‑detached: modest gains.
- Higher‑priced and new homes: slower appreciation.
- Apartments & townhouses: possible flat or slight drop pressure.
3. Risks & Headwinds
- Macro: Potential U.S. tariffs on energy exports or broader economic uncertainty could slow hiring, migration, and buyer confidence
- Supply surge: Record new construction (esp. rentals/apartments) could suppress resale demand/prices in that segment .
4. Sector-Specific Outcomes
- Detached/Semi‑detached: Demand reinforced by population growth; expect modest sales and price gains (~3–5%)
- Townhouses/Row: Balanced conditions persist; slight price resistance in districts with new supply.
- Apartments/Condos: Softest segment—elevated months of supply, downward pricing pressure.
âś… Final Take
| Market Aspect | Expectation for Remainder of 2025 |
|---|---|
| Sales Activity | In line or slightly above long‑term trends; slower than boom levels |
| Inventory Levels | Remain elevated; gradual absorption likely normalizes supply |
| Price Growth | Moderate—overall ~3%; detached/semi firm, others soft or flat |
| Market Conditions | Balanced overall; range-bound prices and more choice for buyers |
Bottom line: Calgary is transitioning from a hot seller’s climate to a more balanced market. The remainder of 2025 should see stable sales, elevated inventory, and modest price growth—with variation across property types. For buyers, it presents more opportunity and negotiating room, while sellers should price strategically if aiming for timely sales.