The Calgary market is seeing some big changes this fall. As supply continues to grow, especially in higher-density housing like apartments and row homes, we’re starting to see price adjustments across the city. For buyers, this means more choice. For sellers, it means strategy is more important than ever.
In August 2025, Calgary’s total residential benchmark price was $577,200—down from last month and nearly 4% lower than last year.
Supply Growth Is Changing the Market
Sales slowed to 1,989 in August, almost 9% lower than last year. While demand is still stronger than long-term trends, supply has been climbing. With 6,661 homes on the market (the highest August inventory since 2019), months of supply have risen to 3.4 months.
This shift means Calgary is no longer sitting firmly in a sellers’ market. Conditions are becoming more balanced, though results vary by property type, price point, and district.
As CREB® Chief Economist Ann-Marie Lurie explained: “The most significant price adjustments are occurring for row and apartment style homes as they are also the product type that are facing the largest gains in supply choice.”
Market Snapshot by Property Type
• Detached Homes
Detached sales eased to 995 units in August, while new listings climbed to 1,748 units. Inventory hit 3,051 homes, the highest August since 2020.
• Benchmark price: $755,600 (down 1% from last month and last year).
• District breakdown: Biggest declines in the North East and East (–5%), while the City Centre is still up over 2%.
• Semi-Detached Homes
Semi-detached homes remain one of the steadier segments. With sales-to-new-listings at 67%, inventory hasn’t climbed as much as in other categories.
• Benchmark price: $687,200 (down slightly from last month, but 1% higher than last year).
• City Centre leads with the strongest growth, while the North East, East, and North reported price declines.
• Row Homes
Row sales have slowed significantly, with inventory pushing to the second highest August on record.
• Benchmark price: $439,600 (down nearly 5% from last year and the fourth straight monthly decline).
• The steepest price drops were in the North East, North, South, and East districts, where supply is highest.
• Apartment Condos
This is where the market is feeling the most pressure. With 877 new listings vs. 449 sales, supply is outweighing demand.
• Benchmark price: $326,500 (down nearly 6% year-over-year and the fifth straight monthly decline).
• The North East saw the sharpest drop at –11%, while the City Centre and West also reported declines.
Surrounding Areas
• Airdrie: Prices dipped to $531,100 (–4% year-over-year) as supply reached the highest level since before the pandemic.
• Cochrane: Prices held steady at $589,100, nearly 2% higher than last year, despite more supply.
• Okotoks: Still tighter than nearby markets with a sales-to-new-listings ratio of 80%. Prices have softened slightly month-to-month but remain 2% higher year-to-date.
What This Means for Buyers and Sellers
For buyers, this is a refreshing change: more choice, less competition, and in some cases, lower prices—particularly in condos and row homes.
For sellers, it means the days of easy multiple offers are fading. Success now comes down to proper pricing, standout marketing, and making sure your home shows at its best. Some segments, like detached homes in the City Centre, are still holding strong, while others are moving into buyer-friendly territory.
The big picture? Calgary is moving toward a more balanced market after years of tight conditions. That’s healthy—and it creates opportunities for both sides of a transaction.
If you’re thinking about buying or selling, let’s talk about how these changes affect your specific community and property type. Having the right strategy in today’s shifting market makes all the difference.
📩 Reach out anytime — I’d love to help you navigate this market with confidence.