07/13/2026
📊 Monthly Market Update 📊
Stay tuned until the end because there’s something really interesting happening with Calgary’s housing market.
For the most part, the market hasn’t changed much since the beginning of the year:
🏡 Detached homes are still down slightly.
🏘️ Duplexes have seen a small increase.
🏠 Townhomes are down a bit.
🏢 Condos have seen the biggest decline.
Now here’s what caught my attention…
Looking at the 7-Day Market Watch, we had 688 new listings and 557 sales. Earlier this year we were seeing almost a 2:1 ratio of new listings to sales, so seeing these numbers this close together is a big shift.
Now, this could be a bit of a false alarm because it’s Stampede week, and the market traditionally slows during this time. But if this trend continues after Stampede, it could mean one of two things:
➡️ Sellers are pulling their homes off the market because they’re not getting the price they want.
➡️ Inventory is getting absorbed, and fewer homeowners are listing because they’re hearing the market isn’t as strong as it was.
If it’s one of these two scenarios, we’re looking at a significant drop in available inventory. When the gap between new listings and sales gets this tight, it starts to shift the advantage back toward sellers. During the COVID market, these gaps were also very close before prices accelerated.
We also have 444 pending sales, which is another number I’ll be watching closely.
One thing to remember: Stampede always slows the market down. Once it’s over, buyer activity typically jumps 30-35%, so the next couple of weeks will tell us whether this is just a seasonal blip or the beginning of another market shift.
I’ll be keeping a close eye on it and will keep you updated. 👀