Real Estate Blog

Calgary Real Estate Market Update – September 17, 2026

Calgary’s real estate market continues to show resilience as September progresses. While year-to-date sales remain below the exceptional pace of 2025, month-to-date activity continues to outperform last year, supported by fewer new listings, tightening inventory, and continued price appreciation. The market remains balanced, providing opportunities for both buyers and sellers as the fall season unfolds.

Market Overview

As of September 17, Calgary has recorded 888 residential sales for the month, representing a 2.42% increase over the 867 sales recorded during the same period in September 2025. Buyer demand remains healthy despite broader market normalization, contributing to stable home values across all property types.

New listings total 1,900 month-to-date, down 11.34% from the 2,143 listings recorded at this point last year. With fewer properties entering the market, inventory continues to tighten, helping maintain balanced market conditions.

Active inventory currently stands at 6,709 homes, a 5.23% decrease from the 7,079 active listings available one year ago. Buyers continue to enjoy more choice than during Calgary's peak seller's market, but inventory is gradually tightening compared with last fall.

Monthly Market Snapshot

September 2026 (Month-to-Date)

• Total Sales: 888 (+2.42% year over year)

• New Listings: 1,900 (-11.34%)

• Active Listings: 6,709 (-5.23%)

• Median Sale Price: $575,000 (+3.32%)

• Average Sale Price: $655,466 (+7.67%)

• Days on Market: 46 (+9.52%)

September continues to show encouraging market fundamentals. Sales remain ahead of last year's pace despite fewer new listings, while both median and average sale prices continue to trend upward.

Price Trends

Calgary home values continue to demonstrate impressive stability heading into the latter half of September.

The August benchmark price remains at $569,800, representing only a modest 1.08% decline from August 2025. Meanwhile, September transaction data reflects continued strength in resale values.

Current pricing includes:

• Benchmark Price: $569,800 (-1.08%)

• Median Sale Price: $575,000 (+3.32%)

• Average Sale Price: $655,466 (+7.67%)

The continued increase in average sale prices suggests strong activity in higher-priced market segments, while the rise in median pricing indicates healthy demand across the broader housing market.

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 selling timeline reflects a balanced market where buyers have additional time to evaluate properties and negotiate favourable terms. Well-priced homes in desirable communities, however, continue to sell quickly and attract significant interest.

Year-to-Date Market Performance

Through September 16, Calgary has recorded:

• Total Sales: 15,529 (-10.47% year over year)

• New Listings: 29,278 (-9.57%)

• Median Sale Price: $580,000 (unchanged)

• Average Sale Price: $645,961 (+2.53%)

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

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

Although overall sales activity remains below 2025 levels, pricing has remained exceptionally resilient. Stable median pricing combined with continued gains in the average sale price highlights Calgary's strong market fundamentals despite a more balanced pace of activity.

Weekly Market Update (September 10–16)

Compared with the same week in 2025:

• Total Sales: 426 (-1.84%)

• New Listings: 898 (-2.60%)

• Active Listings: 6,709 (-5.23%)

• Median Sale Price: $569,950 (+3.39%)

• Average Sale Price: $662,350 (+10.42%)

• Days on Market: 48 (+11.63%)

The latest weekly results show sales remaining close to last year's levels while new listings continued to decline. Strong gains in both median and average sale prices indicate healthy buyer demand, particularly for well-presented homes. Lower inventory continues to provide support for pricing throughout the city.

What This Means for Buyers

Buyers continue to benefit from balanced market conditions and improved selection compared with the highly competitive environment experienced over the past several years. While homes are taking slightly longer to sell, desirable properties that are priced appropriately continue to attract multiple buyers. Today's market allows buyers more time to complete due diligence while still rewarding decisive action on sought-after homes.

What This Means for Sellers

Sellers remain in a favourable position, especially those who prepare and price their homes strategically. With inventory continuing to trend lower than last year and fewer new listings entering the market, well-marketed properties continue to achieve strong sale prices. Professional presentation and competitive pricing remain essential for maximizing results.

Looking Ahead

As Calgary moves further into the fall market, seasonal activity is expected to moderate gradually. However, declining inventory, reduced new listing activity, and continued price appreciation suggest market conditions should remain balanced through the coming weeks. Calgary's growing population, diversified economy, and relative affordability compared with many other major Canadian cities continue to provide a strong foundation for long-term housing demand.

Bottom Line

Calgary's real estate market continues to perform well despite a slower overall pace than the record-setting conditions of recent years. September sales remain ahead of last year's pace, inventory continues to tighten, and home prices are posting solid year-over-year gains. Although year-to-date sales remain below 2025 levels, the combination of stable demand, lower inventory, and continued price growth positions Calgary's housing market for a healthy and balanced fall season, creating excellent opportunities for both buyers and sellers.