Real Estate Blog

Calgary Real Estate Market Update – September 24, 2026

Calgary’s real estate market continues to show resilience as September enters its final week. While overall sales remain just below last year's pace, reduced listing activity and tightening inventory continue to support home values across the city. Buyers are benefiting from a more balanced market than in recent years, while sellers continue to see strong pricing for well-prepared homes.

Market Overview

As of September 24, Calgary has recorded 1,288 residential sales for the month, representing a slight 0.92% decrease compared with the 1,300 sales recorded during the same period in September 2025. Sales remain remarkably steady despite fewer homes entering the market.

New listings total 2,631 month-to-date, down 12.53% from the 3,008 new listings recorded during the same period last year. The continued decline in listing activity has helped maintain healthy supply-and-demand conditions throughout September.

Active inventory currently sits at 6,698 homes, a 6.58% decrease from the 7,170 active listings available one year ago. Inventory continues to trend lower year over year, helping preserve balanced market conditions and supporting home values.

Monthly Market Snapshot

September 2026 (Month-to-Date)

• Total Sales: 1,288 (-0.92% year over year)

• New Listings: 2,631 (-12.53%)

• Active Listings: 6,698 (-6.58%)

• Median Sale Price: $579,600 (+3.50%)

• Average Sale Price: $650,213 (+5.96%)

• Days on Market: 45 (+7.14%)

September continues to demonstrate the strength of Calgary's housing market. Sales have remained close to last year's levels despite a significant reduction in new listings, while both median and average sale prices continue to post healthy year-over-year gains.

Price Trends

Home values remain stable as balanced market conditions continue to support pricing across all housing segments.

The August benchmark price remains at $569,800, representing only a modest 1.08% decline from August 2025. Meanwhile, September transaction prices continue to outperform last year's levels.

Current pricing includes:

• Benchmark Price: $569,800 (-1.08%)

• Median Sale Price: $579,600 (+3.50%)

• Average Sale Price: $650,213 (+5.96%)

Although average prices have moderated slightly compared with earlier in the month, overall pricing remains significantly higher than one year ago, reflecting continued buyer confidence and solid market fundamentals.

Market Pace

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

The modest increase in marketing time reflects a more balanced marketplace where buyers have greater opportunity to evaluate properties, while sellers continue to benefit from limited inventory and healthy demand.

Year-to-Date Market Performance

Through September 23, Calgary has recorded:

• Total Sales: 15,928 (-10.41% year over year)

• New Listings: 30,009 (-9.73%)

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

• Average Sale Price: $645,789 (+2.53%)

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

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

Year-to-date activity reflects a market that has normalized from the exceptionally strong pace experienced in 2025 while continuing to deliver impressive price stability. The increase in average sale prices highlights Calgary's strong long-term housing fundamentals.

Weekly Market Update (September 17–23)

Compared with the same week in 2025:

• Total Sales: 400 (-7.62%)

• New Listings: 731 (-15.49%)

• Active Listings: 6,698 (-6.58%)

• Median Sale Price: $585,000 (+3.04%)

• Average Sale Price: $638,551 (+2.42%)

• Days on Market: 42 (+2.44%)

The latest weekly results show sales easing modestly compared with last year, but new listings have declined even more sharply, helping keep inventory levels tight. Continued growth in both median and average sale prices demonstrates that buyer demand remains healthy despite the seasonal slowdown.

What This Means for Buyers

Buyers continue to enjoy a more balanced market than in recent years, with additional time to compare 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 remain in a favourable position as inventory continues to tighten and new listing activity remains below last year's pace. Homes that are priced strategically and marketed professionally continue to perform well, benefiting from sustained buyer demand and rising home values.

Looking Ahead

As Calgary moves toward the end of September, seasonal activity is expected to moderate gradually. However, declining inventory, fewer new listings, and continued price appreciation suggest the market should remain balanced through the remainder of the fall season. Calgary's population growth, diversified economy, and relative affordability continue to support long-term housing demand.

Bottom Line

Calgary's housing market remains healthy and balanced as September draws to a close. Sales are tracking almost in line with last year despite significantly fewer new listings, while inventory continues to decline and home prices remain strong. With steady buyer demand, healthy price appreciation, and balanced market conditions, Calgary continues to provide excellent opportunities for both buyers and sellers heading into the fall market.