Real Estate Blog

Calgary Real Estate Market Update – September 8, 2026

The Calgary real estate market continues to transition into a more balanced environment as September gets underway. While sales activity remains below last year's pace, inventory levels continue to improve, giving buyers more choice than they had throughout much of the past few years. Home prices remain remarkably resilient despite softer demand, demonstrating the underlying strength of Calgary's housing market.

Market Overview

As of September 7, 2026, Calgary has recorded 358 residential sales so far this month, representing a 15.48% decrease compared to the 423 sales recorded during the same period in September 2025.

New listings have also slowed considerably, with 719 properties entering the market compared to 1,019 at this point last year, a decline of 29.44%. This reduction in new inventory has helped offset weaker sales activity and has kept overall inventory from rising significantly.

Active inventory currently sits at 6,578 listings, down 6.06% from 7,002 listings one year ago. Although buyers still have more options than they did during the peak seller's market, available inventory remains below historical norms in many communities.

Monthly Market Snapshot

September-to-Date (as of September 7)

• Total Sales: 358 (-15.48% year over year)

• New Listings: 719 (-29.44%)

• Active Listings: 6,578 (-6.06%)

• Median Sale Price: $575,000 (+3.46%)

• Average Sale Price: $631,530 (+1.87%)

• Days on Market: 46 (+9.52%)

Price Trends

Home prices continue to show resilience despite slower sales activity.

The median sale price has increased to $575,000, up 3.46% from $555,750 during the same period last year. Meanwhile, the average sale price has climbed to $631,530, representing a 1.87% annual increase.

These gains suggest that well-priced homes continue to attract strong buyer interest, particularly in desirable neighbourhoods and affordable price ranges.

Market Pace

Homes are taking slightly longer to sell than they were a year ago.

The average days on market has increased to 46 days compared with 42 days during the same period in 2025. While buyers are taking a little more time to make purchasing decisions, properly priced homes continue to sell within a reasonable timeframe.

Year-to-Date Market Performance

Through September 7, Calgary has recorded:

• Total Sales: 15,002 (-10.64% year over year)

• New Listings: 28,097 (-10.10%)

• Median Sale Price: $580,000 (no change)

• Average Sale Price: $645,038 (+2.24%)

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

• Days on Market: 39 (+14.71%)

Although overall transaction volume remains below last year's levels, average home values continue to trend higher year-to-date. The benchmark price has softened modestly, reflecting a healthier balance between supply and demand, while median pricing has remained stable throughout the year.

Weekly Market Update (September 1–7)

Compared with the same week in 2025:

• Sales: 358 (-15.48%)

• New Listings: 719 (-29.44%)

• Active Listings: 6,578 (-6.06%)

• Median Price: $575,000 (+3.46%)

• Average Price: $631,530 (+1.87%)

• Days on Market: 46 (+9.52%)

The first week of September has shown a slower pace of activity than last year, largely driven by fewer new listings entering the market. Even so, pricing remains firm, indicating continued buyer confidence despite a more measured pace.

What This Means for Buyers

Buyers continue to benefit from improved selection and slightly longer marketing times, allowing for more thoughtful purchasing decisions. While competition has eased compared with previous years, desirable homes that are accurately priced continue to sell quickly. Buyers should remain prepared to act when the right opportunity becomes available.

What This Means for Sellers

Although sales activity has moderated, sellers remain in a favourable position if their home is competitively priced and professionally marketed. Rising median and average sale prices demonstrate that buyers remain willing to pay for quality properties. Strategic pricing and strong presentation are becoming increasingly important as buyers have more options to choose from.

Looking Ahead

As Calgary moves further into the fall market, seasonal slowing is expected to continue. However, declining new listings and stable inventory levels should help support pricing through the remainder of the month. The market is increasingly characterized by balanced conditions, offering opportunities for both buyers and sellers while maintaining overall price stability.

Whether you're considering buying, selling, or simply staying informed about Calgary's real estate market, understanding these evolving trends can help you make confident and informed decisions.