What is really happening in the Calgary Real Estate Market?
The following graph shows the months of inventory for each housing sector. Looking at a one-year trendline gives you an indication of where things are really heading.
Graph shows the months of inventory for all sectors in the Calgary Real Estate Market
Gord’s commentary for the month (just my opinion).
June Highlights
- Inventory down by 2.54%
- Sales down by 13.34%
- With Sales down substantially more than inventory our Months of Inventory has increased.
- Detached and semi-detached homes are still doing well
- Apartment Condos and Townhouses are still struggling
Calgary Listing Inventory
Every sector saw a slight decrease in inventory during the month of July. The overall decrease was only 173 less sales or 2.54% Decreasing Inventory is very normal for this time of year.
Calgary Sales
Sales also declined in all Sectors in July. The lowest decline was in the Apartment Condo sector at 3.55% – every other category decline was in the 15% range. Overall decline was 13.34%
Sales Compared to 2025:
As you can see sales in 2026 compared to 2025 are lower by 9.1%. This seems to be on track with every other month this year so not a sign of anything concerning at this stage. I also look at May being high at 18.4% and June being only 3.8% These 2 months balance out to similar numbers as the previous 4 months.
| Feb | March | April | May | June | July | |
| 2025 | 1718 | 2156 | 2230 | 2559 | 2284 | 2096 |
| 2026 | 1526 | 1881 | 2104 | 2162 | 2197 | 1904 |
| Change | -192 | -275 | -126 | -397 | -87 | -192 |
| % Change | 11.1% | -12.8 | -9.4 | -18.4% | -3.8% | -9.1% |
Calgary Real Estate Benchmark Sales Prices:
The overall Benchmark price decreased by $3300. The largest decrease was in the detached sector and that is the sector that has seen the highest increases earlier this year. This tells me the detached market is stabilizing. What is good news for Apartment Condo owners is that Apartment Condos saw the lowest decrease (only $1400) which is the first time in a while where condos have been lower than other categories.
Current Months of Inventory (Absorption Rate):
The overall months of Inventory increased by .39 which is a sizable increase. Again, some good news for Apartment Condo owners as this was the only Sector where the months of inventory decreased (only by .01)
My Prediction for what is ahead:
From here to the end of the year, we will see a decrease in the number of listings and a decrease in sales. This is a trend that happens every year as the summer progresses. The Market is very likely to remain divided where Detached and Semi-detached homes are stable, and Apartment Condos and Townhouses will still struggle in a buyer’s market position.
* All numbers vary by community and price ranges, if you would like stats specifically for your neighbourhood, please contact us.
*Below is a summary of numbers in chart form. All numbers are taken from the Calgary Real Estate Boards monthly Stats package.
Summary of the Calgary Real Estate Board Realtors Stats
