Real Estate Blog

Calgary Real Estate Market Update – September 23, 2026

Calgary’s housing market continues to transition into the fall season with steady buyer demand, declining inventory, and resilient home prices. Although sales remain slightly below last year's pace, fewer new listings continue to tighten market conditions, helping support home values across all property types. The market remains balanced, providing opportunities for both buyers and sellers.

Market Overview

As of September 23, Calgary has recorded 1,213 residential sales for the month, representing a modest 1.86% decrease compared with the 1,236 sales recorded during the same period in September 2025. While sales have softened slightly, the market continues to perform well given the reduced number of homes coming to market.

New listings total 2,536 month-to-date, down 13.36% from the 2,927 new listings recorded during the same period last year. The continued slowdown in listing activity is helping maintain healthy supply-and-demand conditions.

Active inventory currently sits at 6,727 homes, a 6.75% decline from the 7,214 active listings available one year ago. Inventory remains below last year's levels, supporting stable pricing while still offering buyers more selection than during Calgary's peak seller's market.

Monthly Market Snapshot

September 2026 (Month-to-Date)

• Total Sales: 1,213 (-1.86% year over year)

• New Listings: 2,536 (-13.36%)

• Active Listings: 6,727 (-6.75%)

• Median Sale Price: $579,300 (+3.12%)

• Average Sale Price: $652,658 (+6.07%)

• Days on Market: 45 (+7.14%)

September continues to reflect a balanced marketplace. Sales remain close to last year's levels despite significantly fewer new listings, while home prices continue to post healthy year-over-year gains.

Price Trends

Home values remain resilient as Calgary's market continues to benefit from balanced supply conditions and steady buyer demand.

The August benchmark price remains at $569,800, representing only a modest 1.08% decline from August 2025. Meanwhile, September sales continue to support rising transaction prices.

Current pricing includes:

• Benchmark Price: $569,800 (-1.08%)

• Median Sale Price: $579,300 (+3.12%)

• Average Sale Price: $652,658 (+6.07%)

Although average prices eased slightly compared with recent days, both median and average sale prices remain well above last year's levels, highlighting the overall strength of Calgary's housing market.

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, more balanced environment where buyers have additional time to make informed decisions while sellers continue to benefit from limited inventory and stable pricing.

Year-to-Date Market Performance

Through September 22, Calgary has recorded:

• Total Sales: 15,853 (-10.51% year over year)

• New Listings: 29,914 (-9.79%)

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

• Average Sale Price: $645,955 (+2.53%)

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

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

Year-to-date activity continues to reflect a market that has normalized from the exceptional pace of 2025 while maintaining impressive price stability. The continued increase in average sale prices demonstrates sustained confidence in Calgary real estate.

Weekly Market Update (September 16–22)

Compared with the same week in 2025:

• Total Sales: 393 (-12.86%)

• New Listings: 778 (-10.98%)

• Active Listings: 6,727 (-6.75%)

• Median Sale Price: $587,000 (+3.40%)

• Average Sale Price: $651,843 (+5.18%)

• Days on Market: 43 (+4.88%)

Weekly activity shows sales moderating compared with last year, but the decline in new listings continues to keep inventory levels tight. Price growth remains positive, reinforcing that buyer demand continues to support home values despite seasonal slowing.

What This Means for Buyers

Buyers continue to benefit from a more balanced market than in recent years, with additional time to evaluate available properties and negotiate. However, inventory remains below last year's levels, meaning well-priced homes in desirable communities continue to attract strong interest.

What This Means for Sellers

Sellers continue to enjoy favourable market conditions as inventory remains limited and home prices continue to outperform last year's levels. Proper pricing, strong presentation, and effective marketing remain essential for achieving the best possible results.

Looking Ahead

As Calgary moves further into the fall market, seasonal moderation is expected to continue. However, lower listing activity, declining inventory, and ongoing price appreciation suggest the market should remain balanced through the remainder of September. Calgary's strong population growth, economic resilience, and relative affordability continue to provide long-term support for housing demand.

Bottom Line

Calgary's housing market remains healthy and well-balanced heading into the final week of September. While sales remain modestly below last year's pace, fewer new listings and declining inventory continue to support stable market conditions and ongoing price growth. With strong median and average sale prices, balanced competition, and solid long-term fundamentals, Calgary continues to offer excellent opportunities for both buyers and sellers this fall.