Good afternoon,

The Calgary Real Estate Board has published its newest market update. Below, you’ll find a clear summary of the data and what it means for today’s market conditions.

Calgary Market Overview

Prices
The benchmark price fell to $577,200, declining both month-over-month and nearly 4% below last year.

Trends
The sharpest price declines were seen in apartments and row homes, while detached and semi-detached segments experienced only modest shifts.

Sales
There were 1,989 sales, down 9% year-over-year yet still above long-term averages.

Supply
Rising new listings pushed inventory to 6,661 units—the highest August level since 2019.

Market Balance
Months of supply rose to 3.4, easing the tight seller’s conditions of recent years, though the market remains short of buyer’s market territory.

By Property Type

Detached

• Sales: 995 (slight pullback)
• Benchmark Price: $755,600 (down ~1% YoY)
• Largest declines in Northeast and East (≈5%)
• Some central districts still reporting gains

Semi-Detached

• Sales: Up from last year; inventory stable
• Benchmark Price: $687,200 (up ~1% YoY)
• City Centre leading gains, while NE, East, North posted small declines

Row Homes

• Sales slowed; inventory remains second-highest August on record
• Benchmark Price: $439,600 (down ~5% YoY)
• Declines concentrated in NE, North, South, East

Apartments

• Sales: Down 30% year-to-date
• Inventory: Near record highs (1,979 units)
• Benchmark Price: $326,500 (down 6% YoY)
• Steepest losses in Northeast (≈11%)

Regional Highlights

Airdrie

• Sales down 12% YTD
• Inventory at highest since pre-pandemic
• Benchmark Price: $531,100 (down 4% YoY)

Cochrane

• Sales slowed; months of supply >4
• Benchmark Price: $589,100 (stable, up 2% YoY)

Okotoks

• Low new listings keeping supply tight
• Prices eased month-to-month, but remain 2% higher YTD

Key Takeaway

Calgary’s housing market is shifting toward balance as inventory builds and sales ease. Apartments and row homes are facing the sharpest price corrections, while detached and semi-detached homes show relative stability with more localized trends across districts.

Click here to view the full City of Calgary monthly stats package.

Click here to view the full Calgary region monthly stats package.