Real Estate Blog

Calgary Real Estate Market Update – August 28, 2026

Calgary Housing Market Holds Steady as Inventory Nears Last Year's Levels

Calgary's housing market continues to show remarkable stability heading into the final days of August. While sales remain below the exceptional pace of 2025, inventory has nearly matched last year's levels, giving buyers more options without putting significant downward pressure on home prices. The result is a balanced market that continues to benefit both buyers and sellers.

August Market Snapshot

As of August 27, Calgary has recorded:

• 1,423 residential sales, down 17.8% compared with 1,732 sales during the same period in August 2025.

• 2,847 new listings, a 7.5% decrease year over year.

• 6,845 active listings, down just 0.3% from last year, indicating inventory has largely stabilized.

Home prices continue to demonstrate resilience:

• Median Sale Price: $565,000, down only 0.8% from August 2025.

• Average Sale Price: $641,356, up 5.0% year over year.

• Average Days on Market: 41 days, compared with 38 days one year ago, giving buyers more time to evaluate properties.

Year-to-Date Performance

Through August 27, Calgary has recorded:

• 14,411 residential sales, down 11.2% from the same period in 2025.

• 27,084 new listings, a 9.2% decrease year over year.

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

• Year-to-date average sale price: $645,906, up 2.3% year over year.

Despite fewer transactions, Calgary continues to experience healthy price stability, supported by balanced market conditions and steady demand.

Weekly Market Trends

For the seven-day period ending August 27:

• 378 homes sold, down 11.7% from the same week in 2025.

• 658 new listings, a 9.0% decrease year over year.

• Active inventory stood at 6,845 homes, virtually unchanged (-0.3%) from last year.

Weekly pricing showed mixed results:

• Weekly Median Price: $559,500, down 4.1% year over year.

• Weekly Average Price: $611,512, down 1.4% from the same week last year.

• Homes averaged 43 days on market, compared with 37 days during the same period in 2025.

While weekly prices softened slightly, short-term fluctuations are common and broader year-to-date trends continue to point to a stable market.

What This Means for Buyers

Buyers continue to enjoy improved conditions with more available inventory, reduced competition, and additional time to make informed decisions. Negotiating opportunities remain better than they were during Calgary's peak seller's market, while stable long-term pricing supports confidence in purchasing.

What This Means for Sellers

Although homes are taking slightly longer to sell, well-priced properties continue to attract qualified buyers. Strong year-to-date average price growth demonstrates that demand remains healthy, particularly for homes that are priced competitively and marketed effectively.

Market Outlook

Several factors continue to support Calgary's housing market:

• Continued population growth driving housing demand.

• Calgary's affordability compared with other major Canadian cities.

• Balanced inventory creating a healthier market environment.

• Stable economic conditions supporting buyer confidence.

Looking Ahead

As August draws to a close, Calgary's housing market remains in a strong position. Sales have normalized following the extraordinary activity of previous years, while inventory and pricing have settled into a healthier balance.

For buyers, this means greater choice and negotiating flexibility. For sellers, realistic pricing and professional marketing continue to produce strong results. Overall, Calgary remains one of Canada's most resilient and balanced real estate markets heading into the busy fall season.