Every month the Calgary Real Estate Board releases a report detailing what has been happening in the real estate market. These reports provide valuable information to sellers, buyers, and investors alike. Real estate requires strategic decision making, so staying informed is crucial to ensure you are making the best moves possible.
Here are the highlights from The The Calgary Real Estate Board's market report for May 2025, which you can read in full by clicking here:
- " Thanks to steep pullbacks in the apartment condominium sector, total residential sales in Calgary eased by 17 per cent compared to May of last year" (CREB®).
- "With 2.6 months of supply, conditions are still relatively balanced" (CREB®).
- "Recent inventory gains are creating pockets of the market that are struggling with too much supply while in other areas supply levels are still low relative to the demand, resulting in divergent trends in home prices" (CREB®).
- "The total residential unadjusted benchmark price in Calgary was $589,900" (CREB®).
Calgary Real Estate Board Chief Economist Ann-Marie Lurie notes, "Compared to last year, easing sales and rising inventories are consistent trends across many cities, as uncertainty continues to weigh on housing demand. However, prior to the economic uncertainty, Calgary was dealing with seller market conditions, and the recent pullbacks in sales and inventory have helped shift us toward balanced conditions taking the pressure off prices. This is a different situation from some of the other larger cities, where their housing markets were struggling prior to the addition of economic uncertainty.”
Are you ready to make your move? Contact Ken Richter directly today at 403-630-6363 or email Ken@KenRichter.com. In every market, Ken's experience is your advantage.
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