Real Estate Blog

Calgary Real Estate Market Update – September 18, 2026

Calgary’s housing market continues to demonstrate resilience as September progresses. While year-to-date sales remain below the pace set in 2025, the market continues to show healthy fundamentals with improving month-to-date sales, declining inventory, and continued price appreciation. Buyers are benefiting from a balanced market with greater choice, while sellers continue to achieve strong values in many segments.

Market Overview

As of September 18, Calgary has recorded 952 residential sales for the month, representing a 0.85% increase over the 944 sales recorded during the same period in September 2025. Sales continue to edge ahead of last year's pace despite fewer homes coming onto the market.

New listings total 2,083 month-to-date, down 8.80% from the 2,284 new listings recorded during the same period last year. The continued reduction in listing activity is helping support market balance as buyer demand remains steady.

Active inventory currently stands at 6,767 homes, a 4.39% decrease from the 7,078 active listings available one year ago. Inventory remains healthier than the exceptionally tight conditions experienced over the past several years, but the year-over-year decline indicates the market continues to tighten gradually.

Monthly Market Snapshot

September 2026 (Month-to-Date)

• Total Sales: 952 (+0.85% year over year)

• New Listings: 2,083 (-8.80%)

• Active Listings: 6,767 (-4.39%)

• Median Sale Price: $575,000 (+3.19%)

• Average Sale Price: $656,766 (+8.81%)

• Days on Market: 46 (+9.52%)

September continues to post encouraging results. Sales remain slightly ahead of last year's pace despite fewer new listings, while both median and average sale prices continue to show solid year-over-year growth.

Price Trends

Home values remain resilient as Calgary moves further into the fall market.

The August benchmark price remains at $569,800, representing a modest 1.08% decline from August 2025. At the same time, September sales data continues to reflect healthy price appreciation.

Current pricing includes:

• Benchmark Price: $569,800 (-1.08%)

• Median Sale Price: $575,000 (+3.19%)

• Average Sale Price: $656,766 (+8.81%)

The strong increase in the average sale price points to continued activity in higher-priced market segments, while the higher median price confirms broad-based market strength across Calgary.

Market Pace

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

The additional marketing time reflects a balanced market where buyers have more opportunity to compare properties and negotiate, while sellers continue to benefit from healthy demand for well-priced homes.

Year-to-Date Market Performance

Through September 17, Calgary has recorded:

• Total Sales: 15,592 (-10.50% year over year)

• New Listings: 29,461 (-9.40%)

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

• Average Sale Price: $646,093 (+2.61%)

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

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

Year-to-date activity continues to reflect lower transaction volumes than 2025, but pricing remains exceptionally stable. The unchanged median price and continued growth in the average sale price reinforce Calgary's strong long-term housing fundamentals.

Weekly Market Update (September 11–17)

Compared with the same week in 2025:

• Total Sales: 425 (-2.75%)

• New Listings: 833 (-9.06%)

• Active Listings: 6,767 (-4.39%)

• Median Sale Price: $575,000 (+4.36%)

• Average Sale Price: $669,858 (+14.48%)

• Days on Market: 47 (+9.30%)

The latest weekly results show sales remaining close to last year's pace despite a notable decline in new listings. Average sale prices posted a strong 14.48% annual increase, highlighting continued demand for higher-value properties, while inventory continued to tighten and support pricing across the market.

What This Means for Buyers

Buyers continue to benefit from a more balanced market than Calgary experienced during the recent seller's market. Improved inventory levels and slightly longer selling times provide greater flexibility and negotiating opportunities. However, well-priced homes in desirable neighbourhoods continue to attract significant attention, making preparation and timely decisions important.

What This Means for Sellers

Sellers remain well-positioned, particularly those who price competitively and present their homes professionally. With fewer new listings entering the market and inventory continuing to decline compared with last year, quality properties continue to command strong prices. Strategic pricing and effective marketing remain key to achieving the best results.

Looking Ahead

As Calgary progresses through the fall market, seasonal slowing is expected to continue gradually. However, declining new listings, tightening inventory, and continued price appreciation suggest market conditions should remain balanced through the coming weeks. Calgary's ongoing population growth, economic diversity, and affordability relative to many major Canadian cities continue to support long-term housing demand.

Bottom Line

Calgary's housing market continues to demonstrate stability and resilience. September sales remain slightly ahead of last year's pace despite fewer new listings, while both median and average sale prices continue to strengthen. Although year-to-date sales remain below 2025 levels, declining inventory, healthy buyer demand, and sustained price growth continue to position Calgary as one of Canada's strongest and most balanced real estate markets heading into the remainder of the fall season.