Real Estate Blog

Calgary Real Estate Market Update – September 29, 2026

Calgary’s real estate market remains resilient as September draws to a close. While sales continue to trail slightly behind last year's pace, the market remains well-balanced thanks to fewer new listings and declining inventory. Home prices continue to post healthy year-over-year gains, demonstrating that buyer demand remains steady despite the seasonal slowdown.

Market Overview

As of September 29, Calgary has recorded 1,547 residential sales for the month, representing a 2.70% decrease compared with the 1,590 sales recorded during the same period in September 2025. Despite the modest decline, sales activity remains strong considering the reduced number of homes coming to market.

New listings total 3,151 month-to-date, down 13.22% from the 3,631 new listings recorded during the same period last year. The continued decline in listing activity has helped maintain a balanced market by limiting inventory growth.

Active inventory currently stands at 6,724 homes, a 7.55% decrease from the 7,273 active listings available one year ago. This ongoing reduction in available homes continues to provide support for property values across Calgary.

Monthly Market Snapshot

September 2026 (Month-to-Date)

• Total Sales: 1,547 (-2.70% year over year)

• New Listings: 3,151 (-13.22%)

• Active Listings: 6,724 (-7.55%)

• Median Sale Price: $573,000 (+1.64%)

• Average Sale Price: $646,747 (+4.87%)

• Days on Market: 44 (+4.76%)

Although sales remain slightly below last year's pace, Calgary continues to benefit from balanced supply and demand. Lower inventory and fewer new listings are helping sustain healthy pricing throughout the market.

Price Trends

Home values remain stable as limited inventory continues to support pricing 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 outperform last year, reflecting steady buyer confidence despite seasonal moderation.

Current pricing includes:

• Benchmark Price: $569,800 (-1.08%)

• Median Sale Price: $573,000 (+1.64%)

• Average Sale Price: $646,747 (+4.87%)

While appreciation has moderated from the rapid gains experienced over the past two years, Calgary continues to experience stable and sustainable price growth.

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 days on market reflects a healthier, more balanced environment where buyers have additional time to evaluate properties while sellers continue to benefit from reduced competition due to lower inventory.

Year-to-Date Market Performance

Through September 28, Calgary has recorded:

• Total Sales: 16,187 (-10.41% year over year)

• New Listings: 30,529 (-9.85%)

• Median Sale Price: $579,300 (-0.12%)

• Average Sale Price: $645,529 (+2.49%)

• 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 following the exceptionally active conditions experienced in 2025. While sales volumes have moderated, average sale prices remain higher than last year, underscoring Calgary's long-term market strength.

Weekly Market Update (September 22–28)

Compared with the same week in 2025:

• Total Sales: 381 (-8.19%)

• New Listings: 693 (-10.58%)

• Active Listings: 6,724 (-7.55%)

• Median Sale Price: $553,500 (-4.57%)

• Average Sale Price: $618,115 (-3.96%)

• Days on Market: 42 (+2.44%)

Weekly activity reflects the expected seasonal slowdown as September comes to an end. Sales and new listings both declined compared with the same period last year, while inventory also remained significantly lower. Although weekly pricing softened modestly, month-to-date figures continue to show positive year-over-year gains, suggesting the overall market remains fundamentally strong.

What This Means for Buyers

Buyers continue to benefit from a more balanced marketplace with slightly longer selling times and improved opportunities to negotiate. However, inventory remains below last year's levels, meaning well-priced homes in desirable neighbourhoods continue to attract consistent interest.

What This Means for Sellers

Sellers remain in a favourable position thanks to reduced competition from fewer active listings. Proper pricing, professional marketing, and excellent property presentation continue to be key factors in achieving strong sale prices in today's market.

Looking Ahead

With September nearly complete, Calgary's housing market is expected to transition into a more typical fall pattern. Lower inventory, reduced listing activity, ongoing population growth, and continued economic stability should help maintain balanced conditions throughout the remainder of the year.

Bottom Line

Calgary's real estate market continues to demonstrate stability and resilience as September concludes. Sales remain close to last year's pace despite significantly fewer new listings, while inventory continues to tighten and home prices remain above 2025 levels. The market continues to offer favourable opportunities for both buyers and sellers, supported by balanced conditions, healthy demand, and strong long-term fundamentals.