Real Estate Blog

Calgary Real Estate Market Update – September 22, 2026

Calgary’s housing market continues to demonstrate resilience as September progresses. While overall sales remain slightly below last year's pace, limited new listing activity and declining inventory continue to support home values. The market remains balanced, offering opportunities for both buyers and sellers while maintaining steady price appreciation across most housing segments.

Market Overview

As of September 22, Calgary has recorded 1,167 residential sales for the month, representing a slight 0.68% decrease compared to the 1,175 sales recorded during the same period in September 2025. Despite the modest decline in sales, buyer demand remains healthy given the continued reduction in available inventory.

New listings total 2,458 month-to-date, down 13.94% from the 2,856 new listings recorded during the same period last year. This decline in listing activity continues to limit supply and maintain balanced market conditions.

Active inventory currently stands at 6,759 homes, a 6.94% decrease from the 7,263 active listings available one year ago. Inventory remains well below last year's levels, helping support home prices while still providing buyers with more selection than during Calgary's recent peak seller's market.

Monthly Market Snapshot

September 2026 (Month-to-Date)

• Total Sales: 1,167 (-0.68% year over year)

• New Listings: 2,458 (-13.94%)

• Active Listings: 6,759 (-6.94%)

• Median Sale Price: $579,300 (+3.45%)

• Average Sale Price: $656,232 (+8.08%)

• Days on Market: 45 (+7.14%)

September continues to reflect a healthy and balanced market. Sales have remained remarkably close to last year's pace despite substantially fewer homes entering the market, while both median and average prices continue to trend higher.

Price Trends

Calgary home prices remain resilient as the fall market continues.

The August benchmark price remains at $569,800, representing only a modest 1.08% decline from August 2025. Meanwhile, September sales continue to show meaningful gains in both median and average sale prices.

Current pricing includes:

• Benchmark Price: $569,800 (-1.08%)

• Median Sale Price: $579,300 (+3.45%)

• Average Sale Price: $656,232 (+8.08%)

These results indicate continued confidence among buyers and sustained demand across a broad range of price points, particularly for well-priced homes.

Market Pace

Homes are currently taking an average of 45 days to sell, compared with 42 days during the same period last year.

The slightly longer marketing period reflects a healthier balance between buyers and sellers. Buyers have additional time to evaluate their options, while sellers continue to benefit from stable pricing supported by lower inventory levels.

Year-to-Date Market Performance

Through September 21, Calgary has recorded:

• Total Sales: 15,807 (-10.46% year over year)

• New Listings: 29,836 (-9.84%)

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

• Average Sale Price: $646,199 (+2.65%)

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

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

Although total sales remain below last year's exceptional pace, home values continue to perform well. Stable median pricing and continued gains in the average sale price reinforce Calgary's strong long-term market fundamentals.

Weekly Market Update (September 15–21)

Compared with the same week in 2025:

• Total Sales: 405 (-10.60%)

• New Listings: 805 (-9.75%)

• Active Listings: 6,759 (-6.94%)

• Median Sale Price: $587,500 (+3.98%)

• Average Sale Price: $666,255 (+11.73%)

• Days on Market: 43 (+4.88%)

The latest weekly results reflect slower sales activity than last year, but new listings also declined significantly, helping keep inventory levels in check. Strong gains in both median and average sale prices continue to highlight Calgary's healthy demand and stable market conditions.

What This Means for Buyers

Buyers continue to benefit from a balanced market with more available inventory than in previous years, while reduced listing activity means quality homes remain competitive. Slightly longer selling times provide additional flexibility for inspections and negotiations, but desirable properties continue to sell quickly.

What This Means for Sellers

Sellers remain in a strong position as inventory continues to trend lower than last year and fewer new listings are entering the market. Well-priced, professionally marketed homes continue to attract qualified buyers and achieve excellent sale prices.

Looking Ahead

As Calgary moves further into the fall season, seasonal moderation in activity is expected. However, declining inventory, reduced new listing activity, and continued price appreciation suggest the market should remain balanced through the coming weeks. Calgary's population growth, economic stability, and relative affordability compared with many other Canadian cities continue to provide strong support for housing demand.

Bottom Line

Calgary's real estate market remains healthy and well-balanced heading into the latter half of September. Sales remain nearly even with last year's pace despite significantly fewer new listings, while inventory continues to tighten and home prices remain strong. With steady buyer demand, rising average and median sale prices, and balanced market conditions, Calgary continues to offer excellent opportunities for both buyers and sellers as the fall market unfolds.