Pace of New Listings Growth Slows, Preventing Further Inventory Gains

Calgary’s housing market experienced a slight shift this October as the rapid rise in new listings began to cool. According to the latest Calgary Real Estate Board (CREB®) data, inventory levels eased to 6,471 units, down from September, thanks to a pullback in new listings combined with a small increase in sales activity.With 1,885 homes sold, the months of supply dipped back to 3.5 months, after briefly reaching four months in September. While this is still higher than the extremely tight conditions of the past few years, October’s numbers signal that inventory growth may be stabilizing heading into winter.

October 2025 Market Snapshot

• Inventory: 6,471 units (⬇️ from September)
• Sales: 1,885 homes
• Months of Supply: 3.5 (balanced to slightly buyer-leaning)
• YTD Sales: 20,082 (⬇️ 16% YoY, but aligned with long-term trends)
• Benchmark Price: $568,000 (⬇️ 1% MoM, ⬇️ 4% YoY)
  
  

Market Conditions Differ by Property Type

Not all segments of the Calgary market are behaving the same — and buyers and sellers are feeling the difference depending on what type of home they’re dealing with.

Detached & Semi-Detached Homes

Conditions remain relatively balanced, with supply levels matching demand more closely. Prices in these categories have shown stability compared to the higher-density segments.

Apartment & Row-Style Homes

These segments continue to see elevated inventory, reaching record-high October levels. This excess supply is creating softer market conditions and putting pressure on prices.

CREB® Chief Economist Ann-Marie Lurie explains:
“Improved rental supply and easing rents have slowed ownership demand for apartment- and row-style homes. Excess supply for these segments is weighing on prices more so than any other property type.”
As a result:

• Row homes: Prices down 6% year-over-year
• Apartment condos: Prices down 7% year-over-year

These are the steepest adjustments in Calgary’s housing market today.

What’s Happening With Prices?

The total residential benchmark price dropped to $568,000 in October — nearly 1% lower than last month and over 4% lower than October 2024.While this may sound like a significant decline, it’s important to note that Calgary home values remain well above pre-pandemic levels, and detached home prices are still performing relatively well due to balanced supply.

What This Means for Buyers & Sellers

For Buyers:

With more inventory and less competition — especially in the condo and row-home segments — this fall presents opportunities to find value and negotiate. Balanced conditions in the detached market mean you’re less pressured to rush into decisions.

For Sellers:

If you’re selling a detached or semi-detached home, demand remains fairly steady. Strong pricing strategy and good marketing remain essential.If you’re selling a condo or row-home, be prepared for more competition, and work with a professional to position your home effectively.

Thinking About Buying or Selling This Fall? Let’s Talk.

Calgary’s market is entering a more balanced phase, and the right strategy can make all the difference. Whether you’re navigating a competitive condo market or considering a move-up purchase, I’m here to help you make sense of the numbers and plan your next step confidently.

📞 Contact me today for a personalized market analysis or to discuss your real estate goals for the remainder of 2025.

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