Calgary Real Estate Has Shifted: Here's What Buyers and Sellers Need to Know
More Inventory Is Changing the Market
The latest Calgary real estate statistics show a market that is becoming much more balanced than we've seen over the past several years.
Inventory reached 6,752 homes in May, while sales declined by over 15% compared to the same time last year. The result? Buyers have more choices and sellers are facing more competition.
Detached Homes Remain Resilient
While overall sales have slowed, detached homes continue to perform relatively well.
- Benchmark price: $747,800
- Year-over-year price change: -2%
- Months of supply: 2.45
- Sales down just 6% from last year
This remains a relatively balanced market, particularly in many west-side communities where demand continues to support pricing.
Condos Have Become a Buyer's Market
The biggest story this month is the condominium sector.
Apartment condo prices are down approximately 9% year-over-year, inventory remains elevated, and buyers have significantly more negotiating power than they did a year ago.
For first-time buyers, investors, and downsizers, this may be one of the best opportunities we've seen in several years.
What Buyers Should Do
If you've been sitting on the sidelines waiting for more selection, this could be your opportunity.
Today's buyers can:
✔ Compare more properties
✔ Negotiate more aggressively
✔ Include financing and inspection conditions
✔ Take time to make informed decisions
What Sellers Need To Know
The market is no longer rewarding every listing equally.
Success today depends on:
- Strategic pricing
- Professional marketing
- High-quality photography
- Strong online exposure
- Understanding local neighbourhood trends
Homes that are priced correctly continue to attract attention. Homes that chase last year's prices often sit longer and require reductions.
The Bottom Line
Calgary isn't in a declining market—it's transitioning into a healthier, more balanced one.
Buyers finally have options.
Sellers can still achieve strong results, but strategy matters more than ever.
If you're wondering what your home is worth in today's market or how much negotiating power you may have as a buyer, I'd be happy to provide a customized market analysis.
Contact me today for a neighbourhood-specific market review.
Adrienne McGarvey REALTOR® | 2% Realty | 403.801.2012
