Calgary housing market closed out 2025 with 14% fewer home sales in December: board
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Home sales in the City of Calgary fell 14.2 per cent in December compared with a year earlier, in line with the overall trend for 2025, while prices also fell.
The Calgary Real Estate Board said 1,126 homes changed hands last month and that the city’s residential benchmark price was down 4.7 per cent year-over-year to $554,700.
For 2025, home sales decreased 15.7 per cent overall compared with 2024, as the annual average benchmark price moved 2.4 per cent lower to $577,492.
The board’s chief economist, Ann-Marie Lurie, said supply levels grew higher than expected in 2025, especially for condominium and row homes. That weighed on prices in those sectors enough to offset price gains for both detached and semi-detached homes.
“Adjustments in both supply and demand varied across the city, with pockets of the market continuing to experience seller’s market conditions versus some areas where the conditions favoured the buyer,” Lurie said in a press release.
“This resulted in different price trends based on location, price range and property type.”
There were 1,219 new listings on the market in December, down 1.5 per cent from a year earlier, but the city’s inventory grew 28.9 per cent to 3,860 homes for sale.
In 2025, Calgary saw more than 40,700 new listings come onto the market, 9.2 per cent higher than 2024, causing inventories to rise and driving more balanced conditions.
The board said 2025 marked “a year of transition” for the city’s housing market after several years of strong price growth, as record high starts also helped boost supply levels.
That occurred against the backdrop of easing demand due to a reduction in migration levels and heightened economic uncertainty throughout the spring market.
“This helped shift the resale market from one that favoured the seller to one that was more balanced,” the board said.
This report by The Canadian Press was first published Jan. 2, 2026.