Posted on
September 10, 2025
by
Phuong Trang
Market Balance and Inventory Snapshot
*Sales dipped** to 1,989 units in August, nearly 9% lower year-over-year, though still above long-term norms
*New listings** remained elevated at 3,478, pushing inventory to 6,661 units—the highest August level since 2019
This added supply nudged the *months of supply** to 3.35–3.4 months, moving Calgary toward a balanced market—not quite a buyer’s market but far from the frenetic seller’s market of recent years
The *sales-to-new-listings ratio** hovered around 57%, reinforcing this more balanced market characterization
Price Trends: Cooling with Variation
The *benchmark price (all residential types)** was \$577,200, down nearly 1% month-over-month and about 4% lower year-over-year
*Average home price** held at \$612,349 (+0.5% YoY, −0.7% MoM); median price rose to \$570,000 (+2.4% YoY, +0.1% MoM)
*Detached homes** remain relatively steady—with a benchmark of \$755,600 (−0.9% MoM, −1% YoY)—though markets in North East and East Calgary show buyer-favouring conditions, while City Centre saw >2% gains
*Semi-detached homes** fared better: benchmark at \$687,200 (+1% YoY, slightly down MoM), with months of supply under 3, maintaining relative price stability
*Row homes** dropped to \$439,600 (−5% YoY), inventory surged—second-highest for August on record—and supply now at over 3 months
*Apartment/condo prices** saw one of the sharpest declines: benchmark hit \$326,500, down nearly 6% YoY, with months-of-supply around 4+ months, indicating firm buyer advantage
Regional Market Highlights
* In surrounding areas:
*Airdrie**: 152 sales vs. 265 new listings; benchmark price \$531,100, down \~4% YoY; markets are shifting toward balance
*Cochrane**: 70 sales, 139 new listings; months of supply moved above 4 months; yet benchmark price remained stable at \$589,100, about 2% higher YoY
*Okotoks**: Sales-to-new-listings ratio at 80%; inventory still constrained; benchmark prices edged slightly lower MoM but remain \~2% higher YoY
---
What It All Means — Blog Takeaways
For Buyers:
Greater *choice and negotiation power**, especially for condos and row homes where supply is high and prices are dipping.
*Detached homes** in desirable areas still hold value, offering opportunities for upsizers leveraging equity.
For Sellers:
Longer typical *days on market** and more conditional offers—success rests on competitive pricing, staging, and hyper-local market savvy.
* Sellers in high-demand neighbourhoods (City Centre, West) can still find resilience; those in North East or East should adjust expectations.
Overall Tone:
August’s numbers confirm a Calgary housing market shifting toward *balance**, offering both opportunities and challenges.
* Price declines are moderate—not a collapse—and market conditions now vary markedly by property type and location.
