Calgary June home sales fall 4%, condo prices dip below $300,000

Calgary home sales rose in June compared with May, but remained below last year’s levels as weaker demand for condos continued to weigh on the market, according to the Calgary Real Estate Board (CREB).

The board reported 2,197 residential sales in June, up from May but down nearly four per cent from the same month last year. Sales were also slightly below the city’s long-term average for June.

CREB chief economist Ann-Marie Lurie said the slowdown has been most evident in higher-density housing, where rising inventory is giving buyers more choice.

Apartment market shifts in buyers’ favour

The easing of demand for resale homes “does not come as a surprise,” given the recent decline in migration, Lurie said.

She said inventory has increased across the rental, resale and new-home markets after several years of record housing starts, with most of that growth occurring in apartment-style housing.

“Inventory growth has mostly occurred in high-density homes, resulting in buyer’s market conditions and steep price adjustments for condominium apartments,” she said. “While it will take time to absorb the high-density supply, detached supply growth has been limited and some districts are reporting record-high prices.”

New listings also began to ease compared with June 2025, helping push the sales-to-new-listings ratio to 56 per cent. Inventory growth slowed as a result, leaving the city with just over three months of supply overall — a level generally considered balanced.

Market conditions varied significantly by property type, however. Apartment condominiums had nearly five months of supply and a sales-to-new-listings ratio of 45 per cent, placing that segment in buyers’ market territory.

Prices diverge across housing types

The differing supply conditions continued to shape prices in June.

The city’s unadjusted benchmark home price rose from May to $572,500 but was down two per cent compared with June 2025.

Apartment condominium prices saw the sharpest decline, falling nearly nine per cent year over year to a benchmark price of $299,000.

Detached homes proved more resilient. The benchmark price increased from the previous month to $750,500, although it remained one per cent below last June. CREB said those price adjustments were concentrated in specific areas of the city, while some districts continued to report record-high detached home prices.

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