Real Estate Blog

Calgary Real Estate Market Update – September 16, 2026

Calgary’s housing market continues to demonstrate steady momentum as September progresses. Although year-to-date sales remain below 2025 levels, month-to-date activity continues to outperform last year while inventory trends lower and home prices remain resilient. Buyers continue to benefit from improved selection compared to recent years, while sellers are still seeing strong results when homes are priced strategically and marketed effectively.

Market Overview

As of September 16, Calgary has recorded 819 residential sales for the month, representing a 4.33% increase over the 785 sales recorded during the same period in September 2025. Buyer demand remains healthy despite broader market normalization, supporting stable home values across most property types.

New listings total 1,758 month-to-date, down 14.37% from the 2,053 listings recorded during the same period last year. The continued decline in new inventory is helping offset softer annual sales activity and maintain balanced market conditions.

Active inventory currently sits at 6,710 properties, a 5.90% decrease from the 7,131 active listings available one year ago. While buyers continue to enjoy more options than during Calgary's peak seller's market, inventory has continued to tighten compared with last year, supporting stable pricing.

Monthly Market Snapshot

September 2026 (Month-to-Date)

• Total Sales: 819 (+4.33% year over year)

• New Listings: 1,758 (-14.37%)

• Active Listings: 6,710 (-5.90%)

• Median Sale Price: $571,000 (+2.88%)

• Average Sale Price: $653,253 (+6.61%)

• Days on Market: 46 (+9.52%)

September continues to outperform last year's pace in sales despite substantially fewer new listings. The combination of healthy demand and declining inventory continues to support home values across Calgary.

Price Trends

Calgary home prices remain remarkably stable as the market transitions into the fall season.

The August benchmark price remains at $569,800, just 1.08% below August 2025, indicating only a modest adjustment from last year's market. Meanwhile, September's transaction data continues to reflect strong price appreciation.

Current pricing includes:

• Benchmark Price: $569,800 (-1.08%)

• Median Sale Price: $571,000 (+2.88%)

• Average Sale Price: $653,253 (+6.61%)

The continued increase in both median and average sale prices demonstrates that buyer demand remains strong, particularly for well-maintained homes in desirable communities.

Market Pace

Homes are currently taking an average of 46 days to sell, compared with 42 days during the same period last year.

The slightly longer marketing period reflects a healthier and more balanced market, allowing buyers additional time to evaluate properties and negotiate favourable terms. Well-priced homes, however, continue to attract strong interest and sell efficiently.

Year-to-Date Market Performance

Through September 15, Calgary has recorded:

• Total Sales: 15,460 (-10.44% year over year)

• New Listings: 29,136 (-9.76%)

• Median Sale Price: $579,900 (-0.02%)

• Average Sale Price: $645,801 (+2.46%)

• Benchmark Price: $569,800 (-3.92% compared with August 2025)

• Average Days on Market: 39 (+14.71%)

Although transaction volumes remain below last year's pace, pricing continues to hold firm. Stable median pricing and rising average sale prices reinforce Calgary's strong market fundamentals despite more balanced market conditions.

Weekly Market Update (September 9–15)

Compared with the same week in 2025:

• Total Sales: 416 (0.00%)

• New Listings: 918 (-2.75%)

• Active Listings: 6,710 (-5.90%)

• Median Sale Price: $564,575 (+2.05%)

• Average Sale Price: $667,969 (+9.68%)

• Days on Market: 46 (+6.98%)

This week's results show sales matching last year's pace while new listings continued to decline. Strong gains in both median and average sale prices indicate that demand remains healthy, particularly in higher-value market segments. Lower inventory levels continue to support stable pricing across the city.

What This Means for Buyers

Buyers continue to benefit from a balanced market with improved selection and greater negotiating opportunities than they experienced during Calgary's recent seller's market. While homes are taking slightly longer to sell, desirable properties that are priced appropriately continue to move quickly. Preparation and timely decision-making remain important in competitive neighbourhoods.

What This Means for Sellers

Sellers remain in a strong position, particularly those who price their homes accurately and invest in professional marketing. With fewer new listings entering the market and active inventory continuing to decline, well-presented homes continue to attract qualified buyers and achieve strong sale prices. Strategic pricing remains the key to maximizing value.

Looking Ahead

As Calgary moves further into the fall market, seasonal slowing is expected to continue gradually. However, declining inventory, reduced new listing activity, and continued price appreciation suggest that market conditions should remain balanced in the weeks ahead. Calgary's ongoing population growth, diverse economy, and relative affordability compared with many other major Canadian cities continue to provide strong long-term support for the housing market.

Bottom Line

Calgary's real estate market remains balanced, resilient, and well-positioned as the fall season continues. September sales are running ahead of last year's pace despite significantly fewer new listings, while both median and average home prices continue to post solid year-over-year gains. Although year-to-date sales remain below 2025 levels, tightening inventory and sustained price growth continue to create favourable opportunities for both buyers and sellers in Calgary's evolving housing market.