Real Estate Blog

Calgary Real Estate Market Update – September 26, 2026

Calgary’s real estate market continues to demonstrate remarkable stability as September nears its end. Sales have nearly matched last year's pace despite a noticeable decline in new listings, while inventory remains lower than it was a year ago. Although price growth has moderated from earlier in the month, the market continues to favour balanced conditions, supported by healthy buyer demand and limited supply.

Market Overview

As of September 26, Calgary has recorded 1,431 residential sales for the month, representing a slight 0.28% decrease compared with the 1,435 sales recorded during the same period in September 2025. This minimal year-over-year difference highlights the resilience of Calgary's housing market despite ongoing inventory constraints.

New listings total 2,990 month-to-date, down 10.02% from the 3,323 new listings recorded during the same period last year. The continued decline in listing activity has helped keep market conditions balanced throughout September.

Active inventory currently sits at 6,808 homes, a 5.67% decrease from the 7,217 active listings available one year ago. Lower inventory continues to support pricing while still providing buyers with more options than were available during Calgary's recent seller's market.

Monthly Market Snapshot

September 2026 (Month-to-Date)

• Total Sales: 1,431 (-0.28% year over year)

• New Listings: 2,990 (-10.02%)

• Active Listings: 6,808 (-5.67%)

• Median Sale Price: $575,000 (+2.22%)

• Average Sale Price: $644,431 (+4.15%)

• Days on Market: 44 (+4.76%)

September continues to showcase a balanced and resilient market. Sales remain virtually unchanged from last year despite fewer new listings, while home values continue to hold above 2025 levels.

Price Trends

Calgary home prices remain healthy as limited inventory continues to provide support across all property types.

The August benchmark price remains at $569,800, representing a modest 1.08% decline from August 2025. September transaction prices continue to post positive year-over-year gains, although appreciation has moderated compared with earlier in the month.

Current pricing includes:

• Benchmark Price: $569,800 (-1.08%)

• Median Sale Price: $575,000 (+2.22%)

• Average Sale Price: $644,431 (+4.15%)

These figures suggest that while the market is becoming more balanced, pricing remains stable and continues to outperform last year's levels.

Market Pace

Homes are currently taking an average of 44 days to sell, compared with 42 days during the same period last year.

The modest increase in marketing time reflects a healthier market environment where buyers have slightly more time to make decisions, while sellers continue to benefit from reduced competition due to lower inventory levels.

Year-to-Date Market Performance

Through September 25, Calgary has recorded:

• Total Sales: 16,071 (-10.28% year over year)

• New Listings: 30,368 (-9.51%)

• Median Sale Price: $579,900 (-0.02%)

• Average Sale Price: $645,313 (+2.41%)

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

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

Year-to-date results continue to reflect a market that has normalized from the exceptional activity experienced in 2025 while maintaining excellent price stability. Average sale prices remain above last year's levels, reinforcing Calgary's strong long-term market fundamentals.

Weekly Market Update (September 19–25)

Compared with the same week in 2025:

• Total Sales: 385 (-8.77%)

• New Listings: 718 (-10.47%)

• Active Listings: 6,808 (-5.67%)

• Median Sale Price: $562,500 (-1.75%)

• Average Sale Price: $607,241 (-6.85%)

• Days on Market: 42 (+2.44%)

The latest weekly figures show both sales and new listings easing compared with last year, while inventory remains significantly lower. Weekly median and average prices softened compared with the same period in 2025, which may reflect the mix of homes sold during the week rather than a broader shift in market conditions. Month-to-date pricing remains firmly ahead of last year's pace.

What This Means for Buyers

Buyers continue to benefit from balanced market conditions with slightly longer selling times and more opportunity to negotiate. However, inventory remains below last year's levels, so desirable homes that are priced competitively continue to attract strong interest.

What This Means for Sellers

Sellers remain in a favourable position as inventory continues to trail last year's levels and overall buyer demand remains steady. Proper pricing, effective marketing, and strong presentation continue to be the keys to achieving premium sale prices.

Looking Ahead

As September comes to a close, seasonal slowing is expected to continue. However, reduced inventory, fewer new listings, and stable buyer demand suggest Calgary's housing market will remain balanced through the fall. Continued population growth, economic stability, and relative affordability compared with many major Canadian markets should continue to support housing demand.

Bottom Line

Calgary's housing market remains healthy, balanced, and resilient as September winds down. Sales are virtually matching last year's pace despite fewer homes coming to market, while inventory remains lower and home prices continue to hold above 2025 levels. Although weekly pricing softened slightly, the broader monthly and year-to-date trends continue to point toward a stable market with solid opportunities for both buyers and sellers heading into the fall season.