Real Estate Blog

Calgary Real Estate Market Update – August 24, 2026

Calgary Home Prices Continue to Show Strength Despite Slower Sales

Calgary's housing market remains steady as August winds down, with home prices continuing to outperform sales activity. While overall transactions remain below last year's pace, stable inventory and resilient pricing indicate a balanced market that continues to benefit both buyers and sellers.

August Market Snapshot

As of August 23, Calgary has recorded:

• 1,180 residential sales, down 22.8% compared to 1,529 sales during the same period in August 2025.

• 2,426 new listings, a 12.9% decrease year over year.

• 6,870 active listings, down just 1.9% from last year, keeping inventory levels balanced.

Despite fewer sales, home values remain strong:

• Median Sale Price: $565,000, up 0.5% year over year.

• Average Sale Price: $650,962, up an impressive 7.9% from August 2025.

• Average Days on Market: 41 days, compared to 38 days last year, giving buyers slightly more time to make informed decisions.

Year-to-Date Performance

Through August 23, Calgary has recorded:

• 14,168 residential sales, down 11.6% compared to the same period in 2025.

• 26,663 new listings, a 9.8% decrease year over year.

• Year-to-date median sale price: $580,000, unchanged from last year.

• Year-to-date average sale price: $646,784, an increase of 2.5% year over year.

Although sales volumes have moderated, pricing remains remarkably resilient, reflecting continued confidence in Calgary's housing market.

Weekly Market Trends

For the seven-day period ending August 23:

• 384 homes sold, down 18.8% compared to the same week last year.

• 722 new listings, a 6.4% decline year over year.

• Active inventory remained stable at 6,870 homes, just 1.9% below last year's level.

Weekly pricing continued to impress:

• Weekly Median Price: $582,868, up 6.0% year over year.

• Weekly Average Price: $656,523, up 10.7% from the same week in 2025.

• Homes averaged 43 days on market, compared to 38 days last year.

What This Means for Buyers and Sellers

For Buyers

• Inventory remains healthy, providing more selection than in recent years.

• Stable market conditions allow for more thoughtful purchasing decisions.

• Home prices remain steady despite slower overall sales activity.

For Sellers

• Well-priced homes continue to attract motivated buyers.

• Strong average sale prices demonstrate continued demand for quality properties.

• Strategic pricing and effective marketing remain essential for success.

Market Outlook

Calgary continues to benefit from several positive fundamentals:

• Stable interest rates are supporting buyer confidence.

• Alberta's strong population growth continues to drive long-term housing demand.

• Calgary remains one of Canada's most affordable major cities.

• Balanced inventory is creating healthy market conditions without placing significant downward pressure on prices.

Looking Ahead

As the market transitions toward the fall season, Calgary remains one of Canada's most stable housing markets. Sales activity has cooled from last year's exceptional pace, but strong pricing, balanced inventory, and positive economic fundamentals continue to support long-term market stability.

Whether you're buying, selling, or investing, Calgary continues to offer an attractive real estate environment with steady values, increased housing choice, and confidence heading into the final months of 2026.