The Truth Behind Calgary’s April Market Shift
At first glance, the April numbers might make you think Calgary’s housing market is slowing down—or even heading for a downturn. But that’s only half the story. While sales are down compared to last year, the shift we’re seeing isn’t a collapse—it’s a correction.
According to the Calgary Real Estate Board (CREB®), activity is returning to seasonal norms, and months of supply just hit its highest level in over a year, bringing long-overdue balance back to the market. For buyers and sellers, that means a new kind of strategy—and a very different kind of market than what we’ve seen over the past four years.
April 2025 Calgary Real Estate Market at a Glance:
- Sales: 2,236 (⬇️ 22% YoY)
- New Listings: 4,038 (⬆️ 16.2% YoY)
- Inventory: 5,867 homes (⬆️ 106.7% YoY)
- Benchmark Price (All Property Types): $591,100 (⬇️ 0.2% MoM | ⬆️ 0.6% YoY)
- Sales-to-New-Listings Ratio: 55%
- Months of Supply: 2.6 (⬆️ from under 1.0 in April 2024)
Months of supply tells us how long it would take to sell all active listings at the current pace if no new homes were listed. Last April, it was less than one month—this year, it's 2.6, marking a return to pre-pandemic balance.
Missed last month’s update? Read the March 2025 Calgary Real Estate Market Update to see how trends have shifted.
Housing Prices Hold Steady as the Market Shifts
Although sales activity slowed, Calgary home prices remain stable, with some segments even posting slight month-over-month gains. Detached and semi-detached homes under $700K are still in demand, while apartment and row home segments are seeing softer activity and more room to negotiate.
CREB STATISTICS – April 2025
Benchmark Prices: April vs March 2025
| Property Type | April Benchmark | MoM Change |
|---|---|---|
| Detached | $769,300 | ↓ 0.1% |
| Semi-Detached | $691,700 | Flat |
| Row Homes | $457,400 | ↑ 0.7% |
| Apartments | $336,000 | Flat |
Where Calgary Home Prices Are Growing—and Where Buyers Can Negotiate
City Centre & North West: Strong year-over-year price growth. These districts continue to attract upsizers and relocation buyers, especially in the detached segment.
South, South East & North West: Remain the most competitive districts, with tight supply under 2.0 months, keeping seller leverage strong in popular family-friendly areas.
East & North East Calgary: Higher inventory and rising supply levels are easing price growth and creating better opportunities for first-time buyers and investors.
City Centre Apartments & North East Row Homes: These segments now have over 3.0 months of supply, giving buyers more time, flexibility, and negotiation room.
What This Means for Calgary Home Buyers
For the first time in years, buyers have:
- More listings to choose from
- Less pressure to waive conditions
- Better odds of finding the right home without rushing
That said, desirable homes under $700K are still moving fast—so working with an experienced team and being pre-approved remains key.
What This Means for Calgary Home Sellers
It’s no longer a guaranteed multiple-offer situation.
- Pricing and presentation are critical
- Buyers have more options—so standing out matters
- Homes are holding value—but only with the right strategy
The good news? Prices are still strong. The right home, marketed well, can still sell quickly and for top dollar.
Calgary Real Estate Outlook – Spring 2025
- Expect continued balance with steady inventory growth
- Buyers will enjoy more options and slightly more leverage
- Sellers will need stronger marketing and accurate pricing to compete
- Price growth will likely remain modest and vary by segment and location
Have Questions About Buying or Selling A Calgary Home?
With over 800 successful real estate transactions, the Marnie Campbell Real Estate Team has the experience and proven strategy to help you buy, sell, or invest with confidence.
Schedule your no-obligation consultation today and let’s talk about your next move in Calgary real estate.
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This report is based on data from the Calgary Real Estate Board (CREB®) and other market research sources. While every effort has been made to ensure accuracy, the information provided is subject to change and should not be considered financial or real estate advice. Always consult with a licensed real estate professional before making any buying, selling, or investment decisions.
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