Real Estate Blog

Calgary Real Estate Market Update – August 31, 2026

Calgary's housing market wrapped up August on solid footing, demonstrating resilience despite lower sales activity compared to last year's exceptionally active market. Inventory remains well balanced, home prices have stayed remarkably stable, and buyers continue to benefit from increased selection and improved negotiating conditions.

While the market has cooled from the exceptionally strong pace of 2024 and 2025, the underlying fundamentals remain strong, positioning Calgary for a healthy fall real estate season.

August Market Snapshot

As of August 30, Calgary has recorded:

• 1,607 residential sales, down 18.0% from 1,960 during the same period in August 2025.

• 3,076 new listings, a 10.6% decrease year over year.

• 6,784 active listings, down just 0.6% from last year, indicating inventory remains well balanced.

• Median sale price: $565,000, down only 0.9% from August 2025.

• Average sale price: $636,312, up 3.8% year over year.

• Average days on market: 41 days, compared with 38 days last year.

Year-to-Date Performance

Through August 30, Calgary has recorded:

• 14,595 residential sales, down 11.3% compared with the same period in 2025.

• 27,313 new listings, a 9.6% decrease year over year.

• Year-to-date median sale price: $580,000, unchanged from 2025.

• Year-to-date average sale price: $645,293, up 2.2% year over year.

Although transaction volumes have eased, stable pricing continues to demonstrate the strength of Calgary's housing market.

Weekly Market Trends

For the seven-day period ending August 30:

• 427 homes sold, down just 0.9% from the same week last year.

• 650 new listings, down 1.1% year over year.

• Active inventory totaled 6,784 homes, virtually unchanged from last year's level.

• Weekly median price: $563,000, down 4.6% from the same week in 2025.

• Weekly average price: $595,833, down 8.1% year over year.

• Homes averaged 41 days on market, compared with 37 days during the same period last year.

As always, weekly pricing can fluctuate based on the mix of homes sold, while broader monthly and year-to-date trends provide a clearer picture of overall market health.

What This Means for Buyers

Today's buyers are benefiting from one of the most balanced markets Calgary has seen in several years. More available inventory, less competition, and longer marketing times provide greater flexibility to compare properties, complete due diligence, and negotiate favorable terms. Buyers who have been waiting on the sidelines now have more opportunities and time to make informed decisions.

What This Means for Sellers

Although homes are taking slightly longer to sell, demand remains healthy for well-priced, well-presented properties. Stable median prices and continued year-over-year growth in average sale prices demonstrate that sellers can still achieve excellent results with the right pricing and marketing strategy. Proper preparation and realistic pricing remain the keys to success.

Market Outlook

Several long-term factors continue to support Calgary's housing market:

• Continued population growth driving housing demand.

• Relative affordability compared with other major Canadian cities.

• Balanced inventory creating sustainable market conditions.

• A resilient local economy supporting buyer confidence.

• Ongoing appeal for both homeowners and investors.

These fundamentals continue to position Calgary as one of Canada's strongest real estate markets.

Looking Ahead

As Calgary enters the busy fall real estate season, the market remains well positioned for continued stability. Population growth, strong economic fundamentals, and balanced inventory continue to support long-term housing demand.

Whether you're buying your first home, upgrading, downsizing, or investing, Calgary continues to offer one of Canada's most balanced and resilient real estate markets. With stable prices, healthy inventory, and sustained buyer interest, the months ahead present excellent opportunities for both buyers and sellers.