Real Estate Blog

Calgary Real Estate Market Update – September 10, 2026

Calgary’s housing market continues to show resilience as we move through September. While year-to-date sales remain below last year’s pace, inventory levels continue to tighten compared to 2025, providing support for home values. Buyers are seeing more balanced conditions than in previous years, while sellers continue to benefit from relatively limited inventory despite softer overall demand.

Market Overview

As of September 10, Calgary has recorded 462 sales for the month, a 6.7% increase compared to 433 sales at the same point in September 2025. New listings total 1,002, down 17.9% from last year's 1,221, while active listings have declined 4.7% to 6,616 homes. Fewer new listings combined with reduced inventory are helping keep the market balanced.

Monthly Market Snapshot

September sales are off to a stronger start than last year, supported by a noticeable reduction in new listings. Although overall inventory remains higher than historical norms, it continues to trend lower than last year's levels, helping stabilize pricing across most property types.

The average sale price has climbed to $649,336, up 5.1% year over year, while the median price has increased to $584,500, a 4.4% gain. These figures indicate continued strength in higher-priced transactions while maintaining steady overall market appreciation.

Price Trends

The benchmark price remains at $569,800, representing a modest 1.1% decline compared to August 2025. However, both the median and average sale prices continue to outperform last year, reflecting stable buyer demand and confidence across Calgary's housing market.

Current pricing:

• Benchmark Price: $569,800 (-1.08%)

• Median Sale Price: $584,500 (+4.38%)

• Average Sale Price: $649,336 (+5.12%)

Market Pace

Homes are selling in an average of 44 days so far this month, improving from 42 days at the same point last year but still indicating a healthy and balanced pace. Well-priced homes in desirable neighbourhoods continue to attract strong interest, while buyers are benefiting from additional time to evaluate available inventory.

Year-to-Date Market Performance

Through September 10:

• Total Sales: 15,103 (-10.69%)

• New Listings: 28,380 (-9.78%)

• Median Price: $580,000 (unchanged)

• Average Price: $645,505 (+2.33%)

Although transaction volume remains below 2025 levels, prices have continued to appreciate. The combination of fewer listings and sustained buyer activity has prevented significant downward pressure on home values.

Weekly Market Update

For the seven-day period ending September 9:

• Sales: 344 (-10.42%)

• New Listings: 734 (-28.32%)

• Active Listings: 6,616 (-4.65%)

• Median Price: $592,500 (+6.76%)

• Average Price: $659,118 (+6.98%)

• Days on Market: 42 (-20.00%)

The weekly numbers show a meaningful drop in new listing activity, helping offset the decline in sales. Strong gains in both median and average prices demonstrate continued demand for quality homes despite fewer transactions.

What This Means for Buyers

Buyers continue to benefit from more balanced market conditions than experienced over the past several years. With inventory still relatively healthy and homes taking longer to sell than during peak market conditions, purchasers have greater opportunities to negotiate while still facing steady price appreciation.

What This Means for Sellers

Sellers remain in a favourable position as inventory continues to trend lower than last year. Well-presented and competitively priced properties continue to attract solid buyer interest, particularly in desirable neighbourhoods and popular price ranges. Proper pricing remains essential as buyers are becoming increasingly selective.

Looking Ahead

As Calgary moves further into the fall market, inventory trends will remain one of the most important indicators to watch. Continued reductions in new listings could help maintain upward pressure on prices, even if overall sales activity remains below last year's pace. Interest rates, economic conditions, and seasonal demand will continue influencing market performance throughout September.

Bottom Line

Calgary's housing market remains stable and balanced. While year-to-date sales continue to trail 2025, declining inventory and fewer new listings are supporting home values. With average prices up over 5% this month and weekly price gains remaining strong, the market continues to provide opportunities for both buyers and sellers who are prepared with the right strategy.