Real Estate Blog

Calgary Real Estate Market Update – September 27, 2026

Calgary’s real estate market continues to show resilience as September draws to a close. While sales have softened slightly compared with the same time last year, inventory remains below 2025 levels and home prices continue to post year-over-year gains. The combination of fewer new listings and steady buyer demand continues to create balanced market conditions, providing opportunities for both buyers and sellers.

Market Overview

As of September 27, Calgary has recorded 1,471 residential sales for the month, representing a 4.17% decrease compared with the 1,535 sales recorded during the same period in September 2025. While sales have eased modestly, activity remains healthy considering the continued decline in new listings.

New listings total 3,049 month-to-date, down 13.48% from the 3,524 new listings recorded during the same period last year. Reduced listing activity continues to limit supply and support stable market conditions.

Active inventory currently stands at 6,806 homes, a 6.16% decrease from the 7,253 active listings available one year ago. Lower inventory continues to help sustain home values while still offering buyers more choice than during Calgary's peak seller's market.

Monthly Market Snapshot

September 2026 (Month-to-Date)

• Total Sales: 1,471 (-4.17% year over year)

• New Listings: 3,049 (-13.48%)

• Active Listings: 6,806 (-6.16%)

• Median Sale Price: $575,000 (+1.77%)

• Average Sale Price: $645,102 (+4.22%)

• Days on Market: 44 (+4.76%)

Although sales have slowed slightly compared with last September, home prices remain firmly above last year's levels. Tight inventory and reduced listing activity continue to provide stability throughout the market.

Price Trends

Home values remain resilient despite a gradual shift toward more balanced market conditions.

The August benchmark price remains at $569,800, representing a modest 1.08% decline from August 2025. September pricing continues to outperform last year, although appreciation has moderated compared with earlier in the month.

Current pricing includes:

• Benchmark Price: $569,800 (-1.08%)

• Median Sale Price: $575,000 (+1.77%)

• Average Sale Price: $645,102 (+4.22%)

These figures indicate that Calgary continues to experience healthy price stability supported by limited inventory and consistent buyer demand.

Market Pace

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

The slight increase in marketing time reflects a healthier, more balanced marketplace where buyers have additional time to evaluate properties while sellers continue to benefit from favourable supply conditions.

Year-to-Date Market Performance

Through September 26, Calgary has recorded:

• Total Sales: 16,111 (-10.56% year over year)

• New Listings: 30,427 (-9.87%)

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

• Average Sale Price: $645,372 (+2.43%)

• 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 experienced in 2025 while maintaining strong pricing. Average sale prices continue to trend higher, reinforcing Calgary's solid long-term housing fundamentals.

Weekly Market Update (September 20–26)

Compared with the same week in 2025:

• Total Sales: 380 (-12.04%)

• New Listings: 714 (-6.67%)

• Active Listings: 6,806 (-6.16%)

• Median Sale Price: $566,750 (-3.70%)

• Average Sale Price: $612,407 (-6.42%)

• Days on Market: 41 (+2.50%)

The latest weekly figures reflect a modest seasonal slowdown, with sales and prices easing compared with the same week last year. However, new listings and inventory also remain below 2025 levels, helping prevent a significant shift in market balance. Month-to-date pricing continues to remain ahead of last year's performance despite softer weekly results.

What This Means for Buyers

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

What This Means for Sellers

Sellers continue to benefit from limited competition as inventory remains below 2025 levels. While buyers are becoming more selective, well-priced and professionally marketed homes continue to perform well and achieve strong sale prices.

Looking Ahead

As September concludes, seasonal moderation is expected to continue into the fall market. However, declining inventory, fewer new listings, and continued population growth should help maintain balanced conditions. Calgary's strong economic outlook and relative affordability compared with many major Canadian markets continue to support long-term housing demand.

Bottom Line

Calgary's housing market remains healthy and balanced heading into the final days of September. While sales have softened modestly from last year's pace, lower inventory and reduced listing activity continue to support stable home values. With positive year-over-year price growth, steady buyer demand, and balanced market conditions, Calgary continues to offer solid opportunities for both buyers and sellers as the fall market progresses.