After years of swift growth and searing selling conditions, Calgary’s real estate trends are finally showing signs of cooling. The market is getting stable, not collapsing. Let’s get one thing straight first. Historically speaking, the Calgary market has fallen flat this year, and in May 2025, overall sales dipped to 17%. The primary causes are a huge decline in demand for condo purchases, which raises doubts, but sales are still 11% more than in April 2025. Inventory is seeing a great improvement, and within a few months, the market may evolve to a balanced territory. Price trends can be seen diverging by property types, with detached and semi-detached homes holding firm, while town units are seeing decline. In this blog, we’ll shed some light on the Calgary real estate market in May 2025.