After several years of low inventory, fast sales, and skyrocketing prices, Calgary and the surrounding areas are starting to catch their breath—and honestly, it’s a welcome change.

The real estate market in April brought some much-needed balance. More listings, slower sales, and steady prices are creating a healthier environment for both buyers and sellers. So whether you’re actively house hunting, thinking about listing, or just like to stay informed, here’s what you need to know.

A Big Shift: More Listings, Fewer Sales

In April, we saw 5,876 homes on the market in Calgary—more than double what we had last year at this time. But let’s put that into perspective: inventory was extremely tight in 2024, so this jump really just brings us back to normal spring levels.

Sales, on the other hand, were down 22% compared to last year, sitting at 2,236 homes sold. That might sound dramatic, but it’s actually in line with our long-term trends. Buyers haven’t disappeared—they’re just being a little more cautious (and they finally have more options, which helps).

CREB® Chief Economist Ann-Marie Lurie explains it well: steady employment, population growth, and more affordable lending rates (compared to last year) are helping to keep the market steady, even amid some broader economic uncertainty.

Prices: Holding Steady

So with more listings and fewer sales, what’s happening to prices? They’re holding.

The increase in inventory has eased some of the pressure we’ve seen over the past few years. We’re now sitting at close to three months of supply—a far cry from the one-month (or less) conditions that made buying feel like a race.

Here’s what benchmark prices are doing:

• Detached & semi-detached homes: Just over 2% higher than last year

• Apartment & row-style homes: Largely unchanged

Of course, this can vary depending on the property type and price point. Lower-priced detached homes are still super competitive, while apartments and row homes are seeing more balance.

Zooming In: What’s Happening Around Calgary?

Let’s break things down by region so you can see how things are playing out closer to home:

Airdrie

Airdrie is starting to feel a little more balanced, too. April saw 185 sales and 290 new listings, which brought the sales-to-new listings ratio down to 64%—a big improvement compared to recent months.

• Benchmark Price: $544,700

• Change from March & Last Year: Flat

• Months of Supply: 2.3 (up from recent lows)

This is a nice breather for Airdrie after three years of super tight conditions. If you’re a buyer, you’ve got more breathing room. If you’re a seller, prices are still solid.

Cochrane

Cochrane is still doing its thing—quietly strong and steadily growing. Sales have held steady compared to last year, and new listings are climbing, but not enough to flood the market.

• Benchmark Price: $592,000

• Month-Over-Month: Slight increase

• Year-Over-Year: Up nearly 6% (a record high)

Prices continue to rise thanks to strong demand and still-limited inventory. If you’ve been waiting to sell in Cochrane, this might be your moment.

Okotoks

In Okotoks, things are easing, but not stalling. Sales have slowed a bit, but new listings are finally picking up.

• Benchmark Price: $627,100

• Month-Over-Month: Down slightly

• Year-Over-Year: Up 2%

• Inventory: Still low, but improving

It’s a modest shift, but an important one—more balance means more opportunities for both buyers and sellers.

So, What Does This Mean For You?

We’re officially out of “panic mode,” and that’s a good thing. The frenzied pace of the last few years made real estate feel overwhelming. Now, with more homes on the market and less pressure to move immediately, buyers can take a breath and think things through—and sellers can still take advantage of strong pricing.

If you’re:

• Buying – You’ll have more choices, more time to decide, and potentially more negotiating room.

• Selling – You may not get 10 offers in a day, but serious buyers are still out there, and pricing remains strong in most areas.

Every market shift comes with opportunities—it’s just about knowing where to look. If you’ve been waiting for things to calm down before making a move, now might be the perfect time.

Whether you’re buying, selling, or just want to understand what this all means for your situation, I’m here to help. Let’s talk strategy and make a plan that works for you.