Real Estate Blog

Calgary Real Estate Market Update – September 9, 2026

Calgary’s housing market continues to demonstrate resilience despite lower overall sales activity compared to last year. While buyers remain selective amid elevated inventory levels and ongoing affordability considerations, home values continue to show stability. Average sale prices remain well above last year's levels, indicating that well-priced properties continue to attract strong interest.

Market Overview

As of September 9, Calgary has recorded 403 residential sales for the month, representing a 9.21% increase over the 369 sales recorded during the same period in September 2025. Although monthly activity has started stronger than last year, year-to-date sales remain below 2025 levels, reflecting the slower pace experienced throughout much of 2026.

New listings total 841 for the month, down 24.17% from the 1,109 listings recorded at this time last year. This reduction in new inventory is helping offset the elevated number of active listings currently available to buyers.

Active inventory sits at 6,580 homes, a 5.38% decrease compared to the 6,954 active listings at the same point last year. Inventory remains significantly higher than historical norms, providing buyers with greater selection while reducing some of the competitive pressure seen over the past several years.

Monthly Market Snapshot

September 2026 (Month-to-Date)

• Total Sales: 403 (+9.21% vs. September 2025)

• New Listings: 841 (-24.17%)

• Active Listings: 6,580 (-5.38%)

• Median Sale Price: $584,000 (+4.29%)

• Average Sale Price: $638,309 (+3.46%)

• Days on Market: 45 (+7.14%)

The combination of higher sales, fewer new listings, and declining active inventory suggests that market conditions have improved modestly compared to early September last year.

Price Trends

Home values continue to remain remarkably stable.

The benchmark price for August closed at $569,800, down only 1.08% year over year, illustrating that Calgary's market continues to experience only modest price adjustments despite slower overall sales.

For September month-to-date:

• Median Price: $584,000 (+4.29%)

• Average Price: $638,309 (+3.46%)

The increase in both median and average prices indicates continued strength in higher-value transactions while overall pricing remains well supported across most market segments.

Market Pace

Homes are currently taking an average of 45 days to sell, compared with 42 days during the same period last year.

Although buyers continue to take more time making purchasing decisions, properly priced homes that present well continue to receive strong attention and successful offers.

Year-to-Date Performance

Through September 8, 2026:

• Total Sales: 15,045 (-10.70%)

• New Listings: 28,219 (-9.97%)

• Median Price: $580,000 (unchanged)

• Average Price: $645,207 (+2.28%)

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

Year-to-date statistics continue to show that while transaction volumes remain below last year's pace, pricing has proven exceptionally resilient. Stable median prices and increasing average prices reinforce Calgary's strong long-term market fundamentals.

Weekly Market Update

Comparing September 2–8:

• Sales: 343 (-3.11%)

• New Listings: 730 (-31.07%)

• Active Listings: 6,580 (-5.38%)

• Median Price: $575,000 (+3.00%)

• Average Price: $631,164 (+1.93%)

• Days on Market: 45 (+7.14%)

The weekly figures highlight a market with substantially fewer new listings entering the market while prices continue trending upward. Although sales eased slightly compared to the same week last year, reduced inventory is helping maintain balanced conditions.

What This Means for Buyers

Buyers continue to benefit from improved selection compared with recent years while experiencing less competition than during Calgary's peak seller's market. The modest increase in days on market provides additional time for due diligence and negotiation, yet desirable homes continue to sell quickly when priced appropriately.

What This Means for Sellers

Despite softer overall sales volumes throughout 2026, Calgary remains a healthy market for sellers. Lower new listing activity and declining active inventory are creating improved balance, while rising average and median sale prices demonstrate continued buyer confidence. Strategic pricing and strong property presentation remain key to maximizing results.

Looking Ahead

The Calgary housing market continues to transition toward more balanced conditions. Inventory remains elevated compared to historical levels but has begun trending downward, while prices continue to display impressive stability. If new listing activity remains subdued and buyer demand continues at its current pace, market conditions could gradually tighten through the fall, supporting stable pricing into the final months of 2026.

Bottom Line

September has opened with encouraging momentum for Calgary's real estate market. Sales are running ahead of last year's pace, inventory is gradually tightening, and home prices continue to appreciate modestly. While overall activity remains below the exceptional levels experienced in previous years, Calgary continues to demonstrate one of Canada's more balanced and resilient housing markets, offering opportunities for both buyers and sellers as the fall market unfolds.