10/02/2026
Calgary Market Update - September 2026:
September brought a market that is becoming increasingly property-type specific. While overall activity remained fairly steady, buyers and sellers are experiencing very different conditions depending on what they’re buying or selling.
• 1,650 sales - nearly 4% below September 2025
• 3,370-ish new listings - pushing the sales-to-new-listings ratio to 49%
• Just under 4 months of supply - essentially unchanged from August
• $566,700 residential benchmark price - nearly 1% lower than last year
But the overall numbers don't tell the whole story...
DETACHED HOMES REMAIN RELATIVELY BALANCED. Detached sales actually increased in September, reaching 896 sales - more than 4% higher than last year. With just over 3 months of supply and a 52% sales-to-new-listings ratio, detached homes are in a much more balanced market. Prices are about 1% lower than last year, although conditions vary considerably by district.
ROW HOMES & CONDOS ARE A DIFFERENT STORY. This is where we're seeing the greatest buyer advantage.
Row homes: $412,400 benchmark price - nearly 6% lower than last year, with more than 4 months of supply.
Apartment condos: $291,400 benchmark price - more than 8% lower than last year, with just over 5 months of supply.
The reason? A significant amount of new construction over the past few years has been concentrated in higher-density housing. That means buyers have more options, including competition from new construction, which is putting pressure on resale prices.
Calgary isn't experiencing one single market right now. And while we often see prices soften seasonally in the fall, September's seasonally adjusted figures show overall prices were relatively stable compared with August.
Kelly Macdonald, 𝗥𝗘𝗔𝗟𝗧𝗢𝗥®
Century 21 Masters