Real Estate Market Report | Calgary | June 2025
Market Tilts Toward Balance
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.
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.
Bōde sellers 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!
So what's happening in the Calgary real estate market as of June 2025?
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 housing market is entering a clear rebalancing phase. Sales are down 13% versus the five-year May average, while new listings are up 12%, driving a 33% increase in inventory and a 51% jump in months of supply. Despite the softening activity, benchmark prices are still up 5.95% year-over-year, with a modest 0.39% gain month-over-month. The dynamic is shifting from urgency to deliberation, giving buyers more leverage and time, while sellers must adjust to longer selling cycles and tighter competition.
Calgary's Detached Homes
Detached homes remain Calgary’s most stable segment, but cracks are forming. Sales fell 17%, listings rose 8%, and inventory increased 27%, driving a 52% jump in months of supply. Despite this, prices rose 2.89% annually and 0.92% monthly, with the benchmark reaching $698,200 (HPI 306.5). Buyers still value space and long-term upside, but the balance of power is beginning to shift. Sellers must price realistically and expect longer timelines as competition rises.
Calgary's Apartments
After strong growth over the past year, Calgary’s apartment market is hitting resistance. Sales are down 14%, while new listings jumped 17% and inventory surged 36%. The result: prices dropped 6.93% month-over-month and are now 2.03% below last year’s levels. With months of supply up 33%, the condo segment is clearly tilting toward buyers, especially those motivated by affordability. Expect further softening unless demand rebounds heading into the summer.
Calgary's Attached Homes
Attached homes (townhomes and duplexes) saw listings rise 14% while sales dipped 6%. Inventory climbed a substantial 42%, driving a 48% increase in months of supply. Benchmark prices have now slipped 0.51% year-over-year and 2.49% month-over-month—a clear signal that this segment is adjusting to oversupply and buyer pushback. With more choice and slower sales velocity, buyers are gaining control. Sellers in this segment will need to price sharply or offer incentives to stay competitive.
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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