Real Estate Blog

Calgary Real Estate Market Update – August 25, 2026

Calgary Home Prices Remain Resilient as Sales Continue to Normalize

Calgary's housing market continues to demonstrate stability as August progresses. While overall sales remain below last year's exceptionally strong pace, home prices have remained remarkably resilient, inventory levels are balanced, and buyers continue to enjoy more choice than they have over the past several years.

The market continues to transition toward healthier, more sustainable conditions that benefit both buyers and sellers.

August Market Snapshot

As of August 24, Calgary has recorded:

• 1,227 residential sales, down 20.5% compared to 1,543 sales during the same period in August 2025.

• 2,501 new listings, a 11.5% decrease year over year.

• 6,831 active listings, down 2.6% from last year, reflecting a balanced level of available inventory.

Home prices continue to show impressive strength:

• Median Sale Price: $565,000, up 0.9% year over year.

• Average Sale Price: $648,200, an increase of 7.6% compared with August 2025.

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

Year-to-Date Performance

Through August 24, Calgary has recorded:

• 14,215 residential sales, down 11.4% compared with the same period in 2025.

• 26,738 new listings, a 9.6% decrease year over year.

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

• Year-to-date average sale price: $646,559, up 2.5% year over year.

Although sales activity has moderated, home values continue to remain stable, highlighting the strength of Calgary's housing market.

Weekly Market Trends

For the seven-day period ending August 24:

• 389 homes sold, down 14.9% compared with the same week last year.

• 716 new listings, an 8.3% decline year over year.

• Active inventory stood at 6,831 homes, down 2.6% from the same period in 2025.

Weekly pricing remained strong:

• Weekly Median Price: $580,736, up 5.6% year over year.

• Weekly Average Price: $652,089, up 10.2% year over year.

• Homes averaged 42 days on market, compared with 38 days during the same week last year.

What This Means for Buyers and Sellers

For Buyers

Buyers continue to benefit from balanced inventory and a less competitive environment than in recent years. With homes spending slightly longer on the market, there is more opportunity to compare properties, negotiate, and make confident purchasing decisions.

For Sellers

Well-priced homes continue to attract strong buyer interest. Although sales volumes have slowed, steady price growth demonstrates that demand remains healthy for quality homes in desirable locations. Strategic pricing and professional marketing remain key to achieving strong results.

Market Outlook

Several factors continue to support Calgary's housing market:

• Stable borrowing conditions are helping maintain buyer confidence.

• Alberta's strong population growth continues to fuel housing demand.

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

• Balanced supply and steady demand are supporting long-term price stability.

Looking Ahead

As Calgary heads toward the fall real estate season, the market remains well positioned. Sales have returned to more typical levels following several exceptionally active years, while home values continue to hold firm. Buyers have more options and negotiating power, while sellers continue to benefit from resilient pricing.

Overall, Calgary remains one of Canada's strongest real estate markets, supported by solid economic fundamentals, continued population growth, and a healthy balance between supply and demand.