As we moved through October, Calgary’s real estate market showed a slight shift in pace. New listings slowed down while sales picked up, keeping overall conditions relatively balanced across most property types. With just over 6,400 homes in inventory and 1,885 sales, our market sits at about three and a half months of supply — down from four months in September. This balance is good news for both buyers and sellers, especially after the busy summer months.
We’re seeing the most stability in detached and semi-detached homes, while apartment and row-style properties are facing higher inventory levels, which is putting a bit of downward pressure on prices.
So far this year, total city sales have reached just over 20,000, about 16% lower than last year, though still consistent with long-term trends. The biggest slowdowns have been in apartment and row-style homes — and that’s largely due to improved rental supply and easing rents, which have shifted some demand away from ownership in those categories.
Citywide, Calgary’s benchmark price in October was $568,000, down about 1% from September and roughly 4% lower year-over-year. The largest price adjustments have been in the row and apartment segments, which are down about 6% and 7% respectively compared to last fall.
🏠 Detached Homes
Detached homes remain one of the more balanced areas of the market. October sales reached 1,012 units, an improvement from last month but still about 5% lower than last year. With 1,593 new listings, the sales-to-new-listings ratio rose to 64%, and inventory eased to 2,913 units.
While we’re slightly above long-term inventory averages for October, supply remains far healthier than we saw between 2015 and 2019. Detached benchmark prices have adjusted slightly to $744,400, about 1% lower year-over-year, but trends vary widely by area — some inner-city communities have seen gains of nearly 2%, while areas like the Northeast are down about 5%. Even so, prices for detached homes remain 1% higher year-to-date.
🏘️ Semi-Detached Homes
Semi-detached properties saw a boost in sales this month while new listings slowed. The sales-to-new-listings ratioclimbed to 57%, which is slightly below typical October levels but still high enough to keep conditions balanced. With 186 sales and 613 units in inventory, we’re sitting at just over three months of supply — an improvement from the extreme lows of last year.
Prices have dipped slightly in recent months but continue to hold steady overall, with an October benchmark of $683,100, up about 1% year-over-year and 3% higher year-to-date.
🏢 Row Homes
Row homes have seen some of the most noticeable changes this year. October brought 275 sales, with year-to-date totals down 17% from last year. Meanwhile, new listings continue to climb, hitting record highs for October. With 1,054 unitson the market, inventory is now 32% higher than long-term averages, leaving about four months of supply.
This increase in supply has weighed on prices, which are now sitting at $431,200 — down 1% from September and 6% lower than last year. Year-to-date, prices have slipped about 1.5%, with the most notable declines in the North and Northeast districts.
🏙️ Apartment Condominiums
Apartment condos continue to experience buyer’s market conditions, which have now stretched to nearly six months. October saw 412 sales and 1,891 active listings, keeping months of supply elevated around five months.
The benchmark price for condos sits at $318,200, down 1% from last month and 7% lower year-over-year. On a year-to-date basis, prices are about 2% lower, with the largest drops seen in the Northeast and Southeast where supply remains high and competition from new builds continues to impact resale values.
🌄 Regional Highlights
Airdrie:
Activity in Airdrie slowed through October, with new listings hitting a record high for the month. Inventory sits at 535 units with 136 sales, keeping months of supply above four months. Prices have been gradually easing since spring, sitting at $520,400, down 1% from September and 5% lower than last year.
Cochrane:
Cochrane’s market stayed relatively steady, with sales improving slightly over last month. New listings dipped, helping balance inventory levels at around four months of supply. Prices remain strong, holding at $585,200, up 2% year-over-year and nearly 4% higher year-to-date. Some of that strength may be linked to a higher share of newer homes entering the resale market.
Okotoks:
Okotoks saw a notable rise in new listings this month, which helped ease long-standing inventory challenges. Despite slower sales, supply remains low compared to historical trends, helping to support prices. The benchmark price for October was $618,600, up slightly from last month and consistent with last October, with year-to-date prices up about 1%.
💬 My Takeaway
Overall, Calgary’s market remains stable and balanced heading into the final months of 2025. Detached and semi-detached homes continue to perform well, while apartment and row segments are seeing more inventory and softer pricing — creating opportunities for buyers who have been waiting for more choice.
As always, market conditions can vary by neighbourhood, so if you’re curious about what these trends mean for your specific community or property, I’d be happy to walk you through the latest numbers and what they could mean for your goals.