TroyTALK – Shifting Market

🏡 Calgary Market Check-In: What June Numbers Are Telling Us

After a pause in May, Calgary’s housing market continued to shift gears in June—edging further toward balance, but still showing signs of segmentation depending on the property type and price range. 📊 My July update will be out next week once I’ve compiled the full market statistics. Stay tuned!

📉 Sales Activity

Total residential sales across Calgary declined 13% compared to June 2024, marking a second consecutive month of lower year-over-year activity. However, with 2,738 transactions, sales were still nearly 10% above the long-term 10-year average for June.

🔻 The drop was largely driven by a slowdown in the apartment condo sector, which is cooling after the red-hot pace we saw earlier this year. 🧯

🏘️ Inventory & Supply

Inventory continued to improve in June 📈 as new listings outpaced sales. We’re now sitting at 2.9 months of supply—the highest level in nearly two years. While this suggests a balanced market, that balance depends on where you’re looking:

💡 Still tight: Mid-range detached homes, especially under $900K

📉 Loosening: Higher-density housing like condos and row homes

💰 Price Trends

The overall benchmark price for Calgary homes in June was $584,100, down slightly from May and just over 3% lower than June 2024. This marks the second consecutive month of minor price softening—nothing dramatic, but it does reflect cooling momentum. ❄️

Here’s how each property type performed:

🏡 Detached Homes

• Prices held steady month-over-month

• Still up year-over-year

• Strong demand for family homes under $900K in established areas

🏘️ Semi-Detached

• Small dip in June

• Prices remain higher than last year

• Still attractive for buyers seeking affordability and space

🏢 Row Houses

• Continued mild price decline

• Slower absorption in newer suburban developments

🏙️ Apartment Condos

• Most significant cooling

• Both sales and prices softened

• Rising resale and rental inventory putting pressure on prices

• June condo prices now below last year’s levels

🔍 Final Thoughts

June confirms what we began to see in May: the frantic pace of early 2024 is behind us. Calgary’s market is entering a more balanced, inventory-supported phase, especially in the condo and row segments.

📉 Sellers: Be price-competitive and informed

🛍️ Buyers: Enjoy some breathing room and more choices

📌 Success this summer is about more than sales—it’s about understanding supply, pricing psychology, and which submarkets are still moving fast.

📞 That’s where I come in. Let’s talk strategy.

Until next time,