Real Estate Market Report | Calgary | July 2025
Market Momentum Slows as Supply Gains the Upper Hand
With an uncertain economic future, 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.
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So what's happening in the Calgary real estate market as of July 2025?
Calgary’s market is clearly cooling. Sales are down 18% versus the five-year June average, while new listings rose 5% and inventory climbed 31%, pushing months of supply up 55%. The benchmark price slipped 0.48% month-over-month, though it remains up 3.69% year-over-year at $580,100. Buyers now have more time, more choice, and more leverage, particularly as rising supply outpaces demand. While not a full correction, the pace has clearly slowed. Calgary is moving away from the high-pressure environment of recent years and toward a more balanced, deliberate market—especially in higher-priced segments.
Calgary's Detached Homes
Detached homes are feeling the shift most. Sales fell 18%, inventory increased 25%, and months of supply jumped 50%, giving buyers more options and breathing room. Prices have now declined 3.20% month-over-month and sit 1.14% lower than last year at $694,000. This is a key moment for detached sellers: the urgency has faded, and price expectations need to adjust. While demand still exists for family-sized homes, rising borrowing costs and increased selection are pressuring sellers to meet the market. More balanced conditions are taking hold.
Calgary's Apartments
Despite an overall market slowdown, apartments are showing surprising resilience. Sales dipped 17%, but inventory only rose 33%, and months of supply increased modestly in comparison to other segments. The big story: prices climbed 2.86% month-over-month, nearly offsetting the 1.58% year-over-year decline. The $340,500 benchmark is increasingly attractive to first-time buyers and investors seeking value and lower monthly costs. As affordability continues to drive decision-making, condos may benefit from a renewed wave of demand—especially in more central, transit-accessible locations.
Calgary's Attached Homes
Attached homes (duplexes, rowhomes, townhomes) saw sales drop 18%, while inventory rose 41%, pushing months of supply up 65%—the steepest increase of any segment. Yet benchmark prices rose 1.82% month-over-month and are up 2.10% year-over-year to $462,200. This signals that buyer interest remains strong, likely from those looking for a middle ground between condo pricing and detached space. But if supply continues to rise without a demand match, this segment may see pricing pressure emerge through the rest of the summer.
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