Calgary Real Estate Market Update – January 2026
A More Balanced Market as We Head Into 2026
As we close out 2025, the Calgary real estate market has clearly shifted gears. After several years of strong price growth and intense competition, December 2025 confirms a move toward more balanced market conditions.According to the latest data from the Calgary Real Estate Board (CREB®), easing demand combined with a meaningful increase in supply has reduced the extreme seller-market pressures seen in recent years.
Key Calgary Housing Market Statistics in December 2025
Here are the headline numbers for the City of Calgary:- Total Sales: 1,126 (down 14.6% year-over-year)
- New Listings: 1,219 (down 1.5% year-over-year)
- Total Inventory: 3,860 homes (up 28.9% year-over-year)
- Months of Supply: 3.43 months
- Benchmark Price (Total Residential): $554,700 (down 4.7% year-over-year)
What’s Driving the Market Shift?
Throughout 2025, Calgary experienced record levels of new home construction, which significantly boosted supply across multiple property types. At the same time, population growth and migration slowed, and economic uncertainty weighed on buyer confidence during the spring and summer markets.The result? More choice for buyers and less upward pressure on prices—particularly outside the detached housing segment.Benchmark Prices by Property Type
Price trends varied notably by housing type:- Detached Homes: $726,900 (down 2.6% year-over-year)
- Semi-Detached Homes: $666,800 (down 1.6% year-over-year)
- Row Homes: $421,300 (down 5.6% year-over-year)
- Apartments: $303,600 (down 7.4% year-over-year)
District-Level Price Trends Across Calgary
Benchmark prices across Calgary’s districts:- West: $684,300
- North West: $615,000
- City Centre: $554,500
- South: $556,800
- South East: $545,800
- North: $521,700
- North East: $473,200
- East: $409,300
Notably, the North East and East districts saw the largest year-over-year price declines, following exceptionally strong growth over the past two years. In contrast, tighter supply in parts of the City Centre and North West helped limit price softening.
What This Means for Buyers
For buyers, this market shift creates more negotiating power and more choice, particularly in the apartment and townhouse segments. Higher months of supply mean fewer bidding wars, more conditional offers, and improved opportunities for first-time buyers and investors.If you’ve been waiting on the sidelines, this is one of the most balanced Calgary markets we’ve seen in years.
What This Means for Sellers
Sellers can still achieve strong results—but pricing and presentation matter more than ever. Homes that are well-priced, well-maintained, and professionally marketed are still selling, while overpriced listings are sitting longer and seeing price reductions.Strategic pricing based on neighbourhood-specific data is now critical.Calgary Real Estate Outlook for 2026
As we head into 2026, Calgary enters the new year with healthier inventory levels and improved balance across most housing categories. While price growth has cooled, this stabilization supports a more sustainable long-term market.Calgary real estate board will release its full 2026 outlook early in the new year, but early indicators suggest continued balance rather than extreme swings in either direction.Thinking About Buying or Selling in Calgary?
Every neighbourhood and property type is performing differently right now. If you’re considering buying, selling, or investing in Calgary real estate in 2026, a neighbourhood-specific strategy is essential.If you’d like a custom market analysis for your property, feel free to reach out—I’d be happy to help👉 Request Your Free Calgary Home Value & Market Review
Source: CREB® City of Calgary Monthly Statistics – December 2025