Real Estate Blog

Calgary Real Estate Market Update – August 29, 2026

Calgary Housing Market Closes August with Stable Prices and Balanced Inventory

As August draws to a close, Calgary's housing market continues to show resilience despite lower sales activity compared to last year's exceptionally active market. Inventory has remained remarkably stable, home prices continue to hold firm, and buyers are benefiting from improved selection without a significant decline in property values.

The market has shifted into a healthier balance, creating favourable conditions for both buyers and sellers heading into the fall season.

August Market Snapshot

As of August 28, Calgary has recorded:

• 1,534 residential sales, down 14.9% from 1,803 sales during the same period in August 2025.

• 3,004 new listings, a 7.2% decrease year over year.

• 6,842 active listings, down just 0.9% from last year, showing inventory remains well balanced.

Home prices continue to demonstrate stability:

• Median Sale Price: $565,000, down only 0.9% from August 2025.

• Average Sale Price: $638,698, up 4.3% year over year.

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

Year-to-Date Performance

Through August 28, Calgary has recorded:

• 14,522 residential sales, down 10.9% compared with the same period in 2025.

• 27,241 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: $645,590, representing a 2.3% increase year over year.

These figures highlight a market where sales have normalized while prices continue to show impressive resilience.

Weekly Market Trends

For the seven-day period ending August 28:

• 411 homes sold, down just 2.1% compared with the same week in 2025.

• 653 new listings, a 6.3% decrease year over year.

• Active inventory totaled 6,842 homes, nearly identical to last year's level (-0.9%).

Weekly pricing softened modestly:

• Weekly Median Price: $565,000, down 3.7% from the same week last year.

• Weekly Average Price: $594,872, down 6.8% year over year.

• Homes averaged 42 days on market, compared with 36 days during the same period in 2025.

While weekly prices can fluctuate, the broader monthly and year-to-date data continue to reflect a stable and healthy housing market.

What This Means for Buyers

Today's market offers buyers more opportunities than they have seen in recent years. Stable inventory, reduced competition, and slightly longer selling times provide greater flexibility to compare properties, negotiate confidently, and make informed purchasing decisions.

What This Means for Sellers

Although sales activity has moderated, demand remains solid for well-priced and well-presented homes. Stable median pricing and continued year-over-year growth in average sale prices demonstrate that Calgary remains a strong market for sellers who price strategically and market their homes effectively.

Market Outlook

Several key factors continue to support Calgary's housing market:

• Continued population growth driving long-term housing demand.

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

• Balanced inventory supporting stable home values.

• A resilient local economy continuing to underpin buyer confidence.

Looking Ahead

As Calgary transitions into the fall real estate season, market fundamentals remain strong. Sales have normalized following several years of exceptional activity, but balanced supply, resilient pricing, and sustained demand continue to create a healthy environment for both buyers and sellers.

Whether you're buying your first home, moving up, downsizing, or investing, Calgary continues to offer one of Canada's most stable and attractive real estate markets, with solid long-term growth potential and improving opportunities for everyone involved.