Real Estate Market Report | Calgary | April 2025
Fewer Sales, But Prices Keep Rising
With the looming threat of US tariffs on the horizon, homebuyers are looking to see what the final implications may be – the good news is that selling with Bōde mitigates that risk entirely by maximizing your equity, you’ll outperform traditional methods of buying and selling.
We help provide home buyers and sellers with the data they need to be successful. When you have access to accurate and relevant data, you can be more confident in setting the price of your home and selling it or buying at the right price.
With many important factors to consider (what kind of home you have, what community etc.), it’s important to look specifically at what the housing market is doing in your neighbourhood.
Bōdesellers are more successful and actually make more money, on average, than the rest of the market. We are also here to make sure you have the information you need to make the decisions that are right for YOU!
April 2025 Calgary Real Estate Update: Sales & Price Trends
Let’s start with a Macroeconomics view
To understand what’s happening in the real estate market you have to look at supply and demand.
The best proxies for supply and demand are:
Supply
New supply: New Listings (i.e. the number of homes recently listed for sale)
Total supply: Inventory (i.e. the total number of homes listed for sale)
Demand
Sales (i.e. the number of homes recently sold)
Supply & Demand
Months of Supply (i.e. the number of months it would take to sell all current inventory at the current rate of sale)
These metrics are the best indicators of the health of the real estate market. Let’s look at what they show us.
Calgary’s market continues to evolve, with sales down 24% compared to the five-year March average, yet benchmark prices have climbed 7.25% year-over-year to $583,400. Inventory has increased 21%, and months of supply has spiked 52%, easing the pressure on buyers. Still, a strong 4.34% price jump month-over-month reflects steady demand and limited new listings (down 2%). The result is a market that is slowing in volume, but not cracking in value. Buyers may have more breathing room, but sellers still benefit from firm price growth and confidence in long-term fundamentals.
Calgary's Detached Homes
Detached homes remain Calgary’s most sought-after—and most squeezed—segment. Despite a 31% drop in sales, benchmark prices have risen 4.66% year-over-year and 4.33% month-over-month to reach $697,600. With new listings down 11% and inventory only slightly up (+17%), buyers are facing limited choice even as demand cools. The 59% surge in months of supply shows a shift toward balance, but pricing is proving remarkably sticky. This segment illustrates Calgary’s core housing challenge: fewer transactions, but still not enough supply to significantly curb price growth.
Calgary's Apartments
Calgary’s apartment sector is firming up. While sales dropped 15%, listings rose 12%, and inventory jumped 33%, giving buyers more options without tanking prices. The benchmark price sits at $342,100, up 4.02% year-over-year and a modest 0.47% month-over-month. The 37% increase in months of supply points to reduced urgency, but also a more normalized, sustainable pace. As affordability challenges persist in detached and attached segments, condos are increasingly attracting first-time buyers and investors—a trend likely to continue throughout 2025.
Calgary's Attached Homes
Unlike other asset classes, attached homes are showing clear signs of stress. Sales are down 19%, inventory has climbed 29%, and months of supply has risen 51%, creating headwinds for sellers. Prices have dipped 1.16% year-over-year and 2.67% month-over-month, with the benchmark sitting at $461,000. Despite a 5% rise in new listings, demand hasn’t kept pace, suggesting buyers are either waiting for better deals or trading up into detached options. As the most price-sensitive segment, this market could offer the best near-term opportunities for buyers seeking leverage.
It’s critical to understand the dynamics in your local property market
To understand your local property market you need to look at your local data. Head over to Bōde’s new and improved Market Data dashboard, the only place where you can see all the data yourself, including being able to filter on community, property type, and price range to see exactly what’s happening where you live.
You can also see the sold price of any home that has sold in the last 2 years using Bode’s Sold Data page.
If you’re thinking about selling, take a look at how Bōde helps sellers sell for 1.3% higher prices while paying 50% less commission.
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