Real Estate Blog

Calgary Real Estate Market Update – September 28, 2026

Calgary’s housing market continues to transition into its typical fall rhythm while maintaining strong underlying fundamentals. Sales have softened modestly compared with last year, but reduced listing activity and lower inventory continue to support home values. Buyers are benefiting from a more balanced market, while sellers continue to see favourable conditions for well-priced homes.

Market Overview

As of September 28, Calgary has recorded 1,496 residential sales for the month, representing a 4.41% decrease compared with the 1,565 sales recorded during the same period in September 2025. While sales are slightly below last year's pace, activity remains healthy given the continued reduction in available inventory.

New listings total 3,071 month-to-date, down 14.95% from the 3,611 new listings recorded during the same period last year. This notable decline in listing activity continues to tighten market conditions and limit available supply.

Active inventory currently stands at 6,790 homes, a 6.92% decrease from the 7,295 active listings available one year ago. Lower inventory continues to support stable pricing while offering buyers more options than during Calgary's peak seller's market.

Monthly Market Snapshot

September 2026 (Month-to-Date)

• Total Sales: 1,496 (-4.41% year over year)

• New Listings: 3,071 (-14.95%)

• Active Listings: 6,790 (-6.92%)

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

• Average Sale Price: $642,906 (+4.22%)

• Days on Market: 44 (+4.76%)

The September market remains balanced, with fewer homes entering the market while demand continues to support steady pricing. Home values remain above last year's levels despite the seasonal slowdown.

Price Trends

Calgary home prices continue to demonstrate resilience as supply remains constrained.

The August benchmark price remains at $569,800, representing a modest 1.08% decline from August 2025. Meanwhile, September transaction prices continue to post healthy year-over-year gains.

Current pricing includes:

• Benchmark Price: $569,800 (-1.08%)

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

• Average Sale Price: $642,906 (+4.22%)

Although average sale prices have moderated slightly over the past week, both median and average prices remain comfortably above last year's levels, highlighting continued confidence in Calgary's housing market.

Market Pace

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

This slight increase reflects a healthier, more balanced marketplace where buyers have additional time to evaluate properties while sellers continue to benefit from relatively limited competition.

Year-to-Date Market Performance

Through September 27, Calgary has recorded:

• Total Sales: 16,136 (-10.57% year over year)

• New Listings: 30,449 (-10.04%)

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

• Average Sale Price: $645,168 (+2.43%)

• 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 following the exceptionally active conditions experienced in 2025. While sales volumes remain lower, home values continue to show impressive stability and long-term strength.

Weekly Market Update (September 21–27)

Compared with the same week in 2025:

• Total Sales: 379 (-8.45%)

• New Listings: 700 (-11.05%)

• Active Listings: 6,790 (-6.92%)

• Median Sale Price: $558,500 (-4.53%)

• Average Sale Price: $602,298 (-7.71%)

• Days on Market: 41 (+2.50%)

The latest weekly figures reflect the seasonal cooling that typically occurs in late September. Sales and prices eased compared with the same period last year, but new listings also declined significantly, helping maintain balanced market conditions. The stronger month-to-date pricing suggests these weekly fluctuations are more reflective of the types of homes sold rather than a shift in overall market direction.

What This Means for Buyers

Buyers continue to enjoy improved selection and slightly longer decision-making timelines compared with previous years. However, with inventory remaining below last year's levels, well-priced homes in desirable communities continue to sell steadily.

What This Means for Sellers

Sellers continue to benefit from limited competition as fewer homeowners bring properties to market. Accurate pricing, professional marketing, and strong presentation remain essential to maximizing both interest and sale price.

Looking Ahead

As September comes to a close, Calgary's market is expected to continue its seasonal moderation into October. However, lower inventory, reduced listing activity, steady population growth, and continued economic stability should help keep market conditions balanced throughout the fall.

Bottom Line

Calgary's housing market remains healthy and well-balanced heading into the final days of September. Although sales have eased modestly compared with last year, reduced inventory and fewer new listings continue to support home values. With positive year-over-year price growth, stable demand, and improving balance between buyers and sellers, Calgary remains one of Canada's strongest and most resilient real estate markets as the fall season begins.