Price Declines Mostly Driven by Higher-Density Homes
Calgary’s housing market is adjusting this fall as improving supply levels continue to influence home prices. According to the Calgary Real Estate Board (CREB®), the total residential benchmark price in August was $577,200, marking another month of price softening. This is down slightly from July and sits nearly 4% lower than August 2024 levels.August 2025 Market Highlights
- Sales: 1,989 homes sold (⬇️ 9% year-over-year)
- Benchmark Price: $577,200 (⬇️ MoM, ⬇️ ~4% YoY)
- Inventory: 6,661 active listings – highest August level since 2019
- Sales-to-New Listings Ratio: <60% (balanced market conditions)
- Months of Supply: 3.4 months (well above recent seller’s market but below pre-pandemic buyer’s market)
Price Trends by Property Type
Not all homes are being impacted equally by this shift in supply:- Apartments & Row Homes:➡️ Facing the steepest price declines due to large inventory gains.➡️ Buyers in these segments now have more choice and negotiating power.
- Detached & Semi-Detached Homes:➡️ Prices showing modest changes, ranging from small gains in tighter communities to slight declines in areas with rapid supply growth.➡️ Overall, these properties remain more resilient and balanced compared to higher-density housing.
As Ann-Marie Lurie, Chief Economist at CREB®, explains: “Perspective is needed when it comes to price adjustments. The most significant price adjustments are occurring for row and apartment style homes… Meanwhile, price adjustments in the detached and semi-detached markets range from modest growth in some areas to larger declines in others. Overall, recent price adjustments have not erased the gains of the past several years.”
Balanced Market Conditions Are Back
After four years of intense seller’s market conditions, Calgary is finally moving toward balance. With more inventory and fewer sales, buyers are no longer facing the same urgency to act quickly. At the same time, conditions are not as soft as the pre-pandemic years, meaning sellers can still achieve good results—especially with competitive pricing and strong marketing.What This Means for You
- For Buyers:This is an opportunity. With more homes on the market and stable interest rates, you can take your time, compare options, and negotiate better terms—particularly if you’re considering an apartment or row-style property.- For Sellers:While the market is more competitive than it has been, detached and semi-detached homes are still performing well in most areas. To stand out, pricing strategically and presenting your home effectively are critical.
Calgary’s real estate market is shifting, but opportunities are still here for both buyers and sellers. Understanding what’s happening in your specific community and property type is the key to success.
As a Calgary real estate expert, I can provide a personalized market analysis and help you create the right strategy—whether you’re planning to buy, sell, or invest.
Click here for more in depth stats.
📞 Contact me today to start planning your next move with confidence.
Thinking About Buying or Selling in Calgary?
Calgary’s real estate market is shifting, but opportunities are still here for both buyers and sellers. Understanding what’s happening in your specific community and property type is the key to success.
As a Calgary real estate expert, I can provide a personalized market analysis and help you create the right strategy—whether you’re planning to buy, sell, or invest.
Click here for more in depth stats.
📞 Contact me today to start planning your next move with confidence.