December 21, 2025 — Calgary Real Estate Update
In line with typical seasonal trends, sales, new listings and inventory levels all slowed relative to last month. The 1,553 sales were met with 2,251 new listings, causing the sales-to-new-listings ratio to improve to 69 per cent. With 5,581 units in inventory, levels are still 28 per cent higher than last year.
"Supply levels have been sitting higher than typical levels for the past three months, mostly due to the gains occurring in the higher-density sectors of row and apartment style units," said Ann-Marie Lurie, CREB's Chief Economist. "While buyer's market conditions are more prevalent for apartment-style homes, both the detached and semi-detached markets are relatively balanced."
The unadjusted total residential benchmark price in November was $559,000, nearly five per cent lower than last year. Apartment and row style homes reported year-over-year price declines of seven and six per cent. Detached home prices are down by two per cent compared to last November.
DETACHED — BALANCED MARKET
Detached sales in November were 823 units. The unadjusted detached benchmark price was $733,000, down by nearly two per cent compared to last November. Most downward price adjustments occurred in the North East, North and East districts, while year-to-date figures remain one per cent higher than last year.
SEMI-DETACHED — BALANCED MARKET
Sales in November were comparable to levels reported last year and still well above long-term trends. The months of supply remained near three months as new listings and sales remained relatively in balance for this segment.
ROW/TOWNHOME — BUYER'S MARKET
Row home prices reported a year-over-year decline of six per cent as elevated supply continues to weigh on this segment. Additional supply in both the resale and new home markets is driving buyer-friendly conditions.
APARTMENT/CONDOMINIUM — BUYER'S MARKET
Apartment-style units reported the steepest year-over-year price decline at seven per cent. Elevated inventory levels have firmly established buyer's market conditions, particularly in the North East, North and East districts.