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Calgary dwelling gross sales slide 17% in Might, however stay above long-term common


Calgary’s housing market noticed one other year-over-year decline in gross sales final month, led by a pointy drop in condominium transactions. However exercise nonetheless got here in above typical Might ranges, suggesting demand hasn’t disappeared—it’s simply normalizing.

There have been 2,568 properties offered in Might, a 17% decline in comparison with the identical time final yr. Nonetheless, gross sales had been nonetheless 11% above town’s long-term common for the month and stronger than April’s complete. New listings continued to outpace gross sales, pushing stock ranges greater for the third consecutive month. However months of provide held regular at 2.6, indicating circumstances stay comparatively balanced.

CREB Chief Economist Ann-Marie Lurie stated the pullback in gross sales and rising provide are serving to take some warmth out of Calgary’s housing market.

“In comparison with final yr, easing gross sales and rising inventories are constant traits throughout many cities, as uncertainty continues to weigh on housing demand,” she stated. “Nonetheless, previous to the financial uncertainty, Calgary was coping with vendor market circumstances, and the latest pullbacks in gross sales and stock have helped shift us towards balanced circumstances, taking the stress off costs.”

Calgary Housing Statistics May 2025

Benchmark value edges decrease as steadiness returns

Calgary’s benchmark residential value dipped to $589,900 in Might, down barely from April and greater than 2% beneath the identical month final yr. It’s the second straight month of modest value declines after almost two years of sustained positive factors.

The town is now seeing divergent value traits relying on property sort and site. Whereas costs for indifferent and semi-detached properties stay secure—and in lots of circumstances greater than a yr in the past—condominium and row-style properties are exhibiting indicators of softening.

CREB pointed to improved new-home and rental provide as a key cause behind the shift. Within the condominium phase, costs fell to $335,300, down greater than 1% year-over-year, whereas row dwelling costs declined to $453,600, almost 2% decrease than final Might. Each classes are actually experiencing months of provide within the 3.5–3.6 vary, including stress to resale values.

Indifferent dwelling costs held at $769,400, a 1% improve from final yr, whereas semi-detached items rose almost 3% to $697,300. Even in these segments, nonetheless, some districts, significantly the North East, are starting to indicate indicators of oversupply, as extra listings come to market and gross sales ease.

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Final modified: June 3, 2025

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