Calgary Housing Market: July 2025 at a Glance

by Shane Meahan

Balancing Act: Market Holds Steady
July’s sales-to-new‑listings ratio (SNLR) landed at 54%, marking the fifth consecutive month the market has remained in balanced territory — a shift from the red-hot seller’s market that defined previous years.

Sales Slide, Inventory Swells
Monthly home sales dropped 12% year-over-year, with 2,099 transactions recorded in July. Meanwhile, inventory surged 66%, reaching 6,917 units, translating to about 3.3 months of supply—a notable rise from 2.6 months just a few months ago.

Prices: Mixed Signals

The benchmark home price — representing a “typical” home — was $582,900, down 3.9% year-over-year and 0.6% from June.
In contrast, the average home price climbed 1.7% year-over-year to $616,686, though it cooled 4.6% from June.
The median price rose 1.2% year-over-year to $569,500, but dipped 4.3% month-over-month.
Detached home prices slid slightly to $799,000 (down 0.4% YoY), while semi-detached homes saw a small gain, now averaging $693,000.

Cooling Across Property Types

Townhouses averaged $453,000, down 3.8% year-over-year and 2.9% month-over-month.
Apartments remained affordable at $337,715, but still showed a decline of 1.1% YoY and 4% MoM.

What Does This Mean for You?

🟦 For Buyers
Increased inventory = more choice and less pressure. Prices are holding steady or softening in several segments, making this a smart time to explore opportunities without the bidding wars of past seasons.

🟥 For Sellers
This isn’t the same seller’s market we’ve seen in recent years. With more listings and longer days on market, strategic pricing is now essential to attract qualified buyers. The right marketing plan and updated evaluation are key.

🟨 The Big Picture
Calgary remains one of the more affordable major markets in Canada — but with a 44% increase in average prices over the past 5 years, affordability is still a key concern for many. Whether buying or selling, your strategy matters more than ever.