May 2025 Calgary Real Estate Market Summary – City, Towns & Counties

Source: CREB Regional Monthly Stats Package (PDF)

City of Calgary

Metric	Value
Sales	2,568
New Listings	4,842
Sales to New Listings Ratio	53%
Inventory	6,740
Months of Supply	2.62
Benchmark Price	$589,900
Average Price	$649,268
Median Price	$590,250

In May 2025, Calgary recorded 2,568 residential sales (–17% Y/Y, yet 11% above its 10-year May average). New listings rose 12% Y/Y, bringing inventory up slightly so months of supply remained near 2.6. Even with balanced conditions, benchmark prices dipped 2% vs. May 2024 to $589,900. Detached and semi-detached benchmarks stayed up Y/Y, but row and apartment prices softened due to increased supply.

May 2025 Sales by Location (City & Towns) May 2025 Benchmark Price by Location (City & Towns)

Towns

Town	Sales	New Listings	Ratio	Inventory	Months Supply	Benchmark Price
Airdrie	193	334	58%	468	2.42	$540,600
Chestermere	73	157	46%	244	3.34	$715,100
Cochrane	108	293	55%	293	2.71	$589,400
Okotoks	95	135	74%	135	1.42	$633,900

Airdrie: May sales (193) are down 10% Y/Y but align with long-term trends. New listings increased, pushing inventory to 468. Balanced conditions remain (58% ratio, 2.42 months supply), though benchmark slipped 2% Y/Y to $540,600 amid rising new-build supply.
Chestermere: 73 sales (–8% Y/Y) and 157 new listings resulted in 244 inventory (3.34 months supply). Limited inventory kept prices strong: benchmark climbed 1.6% Y/Y to $715,100.
Cochrane: 108 sales (–17% Y/Y) versus 293 new listings lifted inventory to 293 (2.71 months supply). Cooler demand-supply balance slowed price growth, but benchmark stands 4% higher Y/Y at $589,400.
Okotoks: 95 sales remain strong despite only 135 new listings. Inventory is tight (1.42 months supply), driving benchmark up 2% Y/Y to $633,900.

Counties & Regions

Region	Sales	New Listings	Ratio	Inventory	Months Supply	Benchmark Price
Rocky View	189	364	52%	574	3.04	$658,800
Foothills	172	262	66%	316	1.84	$657,400
Mountain View	55	101	54%	165	3.00	$510,500
Kneehill	15	24	63%	35	2.33	$265,800
Wheatland	40	75	53%	138	3.45	$463,800
Willow Creek	20	26	77%	48	2.40	$345,600
Vulcan	13	20	65%	45	3.46	$349,100
Bighorn	52	77	68%	173	3.33	$1,104,500

Rocky View: 189 sales and 364 new listings leave 574 inventory (3.04 months supply), with benchmark up 2.1% Y/Y to $658,800.
Foothills: 172 sales versus 262 new listings create a tight 1.84 months supply, pushing benchmark to $657,400 (+2.5% Y/Y).
Mountain View: 55 sales, 101 listings (165 inventory, 3.00 months supply) keep benchmark near $510,500 (flat Y/Y).
Kneehill: 15 sales, 24 listings (35 inventory, 2.33 months supply) hold benchmark around $265,800 (flat).
Wheatland: 40 sales vs 75 listings (138 inventory, 3.45 months supply); benchmark $463,800 (flat Y/Y).
Willow Creek: High 77% sales-to-listings (20 vs 26) and 48 inventory (2.40 months supply) support a benchmark of $345,600 (+1.2% Y/Y).
Vulcan: 13 sales, 20 listings (45 inventory, 3.46 months supply) keep benchmark at $349,100 (flat).
Bighorn: 52 sales, 77 listings (173 inventory, 3.33 months supply) underlie a very high benchmark of $1,104,500 (+2.5% Y/Y).

May 2025 Sales by Region (Counties) May 2025 Benchmark Price by Region (Counties)

© 2025 Diane Richardson. All information herein deemed reliable but not guaranteed.