Three months of supply, condos at four, and the first time in five years that Calgary’s market genuinely favoured buyers.
In June 2025, Calgary’s benchmark home price was $584,600 — down 0.6% from May and 3.4% below June 2024. Sales fell 16.6% year-over-year to 2,284 while inventory reached 6,944 homes, 83.5% above last June. Supply crossed 3.0 months for the first time since 2020, and a typical home took 33 days to sell, thirteen days longer than a year earlier. Apartment condos hit 4.0 months of supply at $328,400, down 3.3% year-over-year.
June 2025 at a glance
Calgary crossed 3.0 months of supply in June 2025 — the first time since 2020 — with 6,944 homes on the market, 83.5% more than a year earlier. The benchmark fell 0.6% to $584,600, now 3.4% below June 2024. Apartment condos reached 4.0 months of supply, which is squarely balanced territory, with prices down 3.3% on the year. A typical home took 33 days to sell. After three years of buyers having no leverage at all, the balance had properly shifted.
Calgary prices over time
| Year | Benchmark price | Change on the year |
|---|---|---|
| 2014 | $459,500 | — |
| 2015 | $448,800 | ▼ -2.3% |
| 2016 | $434,100 | ▼ -3.3% |
| 2017 | $433,200 | ▼ -0.2% |
| 2018 | $424,600 | ▼ -2% |
| 2019 | $415,900 | ▼ -2% |
| 2020 | $421,300 | ▲ +1.3% |
| 2021 | $463,900 | ▲ +10.1% |
| 2022 | $518,800 | ▲ +11.8% |
| 2023 | $565,200 | ▲ +8.9% |
| 2024 | $582,100 | ▲ +3% |
| 2025 (to June) | $584,600 | ▲ +0.4% |
Sales, listings and inventory
| Month | Sales | New listings | Inventory | Days on market | Benchmark |
|---|---|---|---|---|---|
| July 2024 | 2,374 | 3,603 | 4,159 | 24 | $604,400 |
| August 2024 | 2,182 | 3,536 | 4,490 | 27 | $600,100 |
| September 2024 | 2,000 | 3,687 | 5,064 | 28 | $595,400 |
| October 2024 | 2,167 | 3,263 | 4,967 | 32 | $590,900 |
| November 2024 | 1,793 | 2,327 | 4,354 | 37 | $586,400 |
| December 2024 | 1,318 | 1,238 | 2,994 | 44 | $582,100 |
| January 2025 | 1,449 | 2,896 | 3,640 | 41 | $581,800 |
| February 2025 | 1,718 | 2,830 | 4,147 | 33 | $586,300 |
| March 2025 | 2,156 | 4,018 | 5,153 | 29 | $590,300 |
| April 2025 | 2,230 | 4,037 | 5,868 | 29 | $589,200 |
| May 2025 | 2,559 | 4,840 | 6,744 | 32 | $588,300 |
| June 2025 | 2,284 | 4,223 | 6,944 | 33 | $584,600 |
The headline numbers
| Metric | June 2025 | vs prev month | vs last year |
|---|---|---|---|
| Benchmark price | $584,600 | ▼ -0.6% | ▼ -3.4% |
| Sales | 2,284 | ▼ -10.7% | ▼ -16.6% |
| New listings | 4,223 | ▼ -12.7% | ▲ +11.2% |
| Inventory | 6,944 | ▲ +3% | ▲ +83.5% |
| Days on market | 33 | ▲ +1 day | ▲ +13 days |
A look by property type
| Property type | Benchmark | vs last year | Sales | Days on mkt | Months of supply |
|---|---|---|---|---|---|
| Detached | $761,300 | ▼ -0.5% | 1,192 | 30 | 2.6 |
| Semi-detached | $693,400 | ▲ +1.1% | 212 | 32 | 2.6 |
| Row / townhouse | $449,000 | ▼ -2.7% | 349 | 33 | 3.4 |
| Apartment condo | $328,400 | ▼ -3.3% | 531 | 41 | 4.0 |
Three months of supply, and what it changes
Under two months means competing offers. Four to six is balanced. At 3.0 months Calgary sat between the two — no longer a seller’s market, not yet fully a buyer’s one, but far closer to the latter than anything in recent memory.
In practice this meant conditional offers were standard again, inspections were routine, and a buyer who walked away from a deal could reasonably expect to find something comparable. That last point is what real leverage consists of.
Condos at four months
Apartment condos reached 4.0 months of supply with 41 days on market and prices at $328,400, down 3.3% year-over-year from the $341,400 peak in August 2024.
That is a genuine buyer’s market within the city. A condo seller in June 2025 was competing against a lot of similar units and waiting six weeks for an offer. Buyers in that segment could negotiate on price with a straight face for the first time in five years.
Why prices weren’t falling faster
Down 3.4% year-over-year, with inventory up 83.5%, is a modest decline against that much new supply. The reason is the same one that has shaped Calgary throughout: no forced sellers.
Alberta’s economy was solid and employment was holding, so owners who didn’t like the offers on their home simply took it off the market. Steep price declines require distress, and Calgary didn’t have it. What it had was a slow, orderly repricing.
What this meant if you were buying
June 2025 was a buyer’s market in everything but the formal definition, and the sensible response was to be deliberate rather than opportunistic. Prices were falling slowly enough that waiting a few months saved little, while the choice available was as good as it had been in years.
For buyers coming from a condo into a house, the numbers were worth modelling carefully. Selling into a 4.0-month condo market to buy into a 2.6-month detached market means the weaker side of both transactions — and depending on timing and the size of the gap, it can be worth doing in the other order, or bridging between the two.
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Source: CREB, June 2025 (City of Calgary geography). Prices shown are benchmark (HPI) values. Month-over-month compares to the prior month; year-over-year to the same month last year. The board may revise past months as late sales are recorded. Prepared by Mortgages for Less.
