Sales and New Listings Slow as Market Conditions Vary by Property Type
Calgary’s housing market continued to slow in August, with both sales and new listings declining compared to last year. However, conditions remain highly dependent on property type, location, and price range.
Calgary recorded 1,660 home sales in August, down 16% year-over-year, while 3,141 new listings came onto the market, nearly 10% lower than last year.
Interestingly, the slowdown has not affected every price range equally. Homes priced above $1 million recorded stronger sales compared to last year, primarily within the detached and semi-detached segments. At the lower end of the market, favourable rental conditions appear to be reducing some of the urgency for renters to transition into homeownership.
Inventory declined to 6,509 units, lower than both July and August 2025. However, because sales slowed more significantly, the overall months of supply increased to nearly four months.
The result is a market that looks relatively balanced overall, but tells a very different story depending on what type of property you are buying or selling.
Overall Market Trends
The total residential benchmark price was $569,800 in August, relatively unchanged from July and approximately 1% lower than last year.
The biggest difference continues to be between lower-density and higher-density housing.
Detached and semi-detached homes remain relatively balanced, helping keep prices stable. Row homes are experiencing softer conditions, while apartment condominiums continue to face significant oversupply.
Current conditions range from just over three months of supply for detached homes to nearly six months for apartment condominiums.
Detached Homes
Detached homes remained relatively balanced in August despite slower sales.
Sales: 875
New Listings: 1,635
Months of Supply: Over 3 months
Benchmark Price: $744,300
Year-over-Year: Down approximately 1%
Conditions vary considerably across Calgary. The North West, West, South, and South East remain below three months of supply, while the North and North East have more than four months.
These differences are also showing up in prices. The West and City Centre recorded year-over-year gains of more than 2%, while the North East experienced the largest decline at more than 6%.
Semi-Detached Homes
Semi-detached properties also remained relatively stable.
Year-to-Date Sales: 1,516
Sales-to-New-Listings Ratio: 56%
Months of Supply: Over 3 months
Benchmark Price: $690,500
Year-over-Year: Up nearly 1%
Although supply increased relative to demand, conditions remain relatively balanced. Price gains in the City Centre, North West, and West helped offset declines elsewhere in Calgary.
Of the major property types, semi-detached homes continue to show some of the strongest price stability in 2026.
Row Homes
Row homes continue to experience softer market conditions as buyers benefit from more options in both the resale and new-home markets.
Year-to-Date Sales: Down 15%
Months of Supply: Approximately 4 months
Benchmark Price: $415,200
Year-over-Year: Down 5%
Prices have declined across every district, although the size of the adjustment varies significantly.
The North East experienced the steepest decline at more than 12%, while the North West saw a much smaller adjustment of just over 1%.
With inventory remaining elevated relative to demand, sellers in this segment are facing increased competition.
Apartment Condominiums
Apartment condominiums continue to experience the greatest supply pressure in Calgary.
Year-to-Date Sales: Down 26%
Months of Supply: Nearly 6 months
Benchmark Price: $295,400
Year-over-Year: Down 8%
More rental availability is reducing ownership demand from both first-time buyers and investors. Although new listings have also declined, the reduction has not been enough to bring the market back into balance.
Apartment prices peaked at $341,300 in August 2024 and are now nearly 13% below that peak.
For buyers, the elevated supply means more selection and potentially greater negotiating power. Condo sellers, meanwhile, are competing in one of the most buyer-friendly segments of Calgary’s current housing market.
Regional Market Highlights
Airdrie
Inventory remains elevated compared to historical trends, although fewer new listings have helped prevent further inventory growth.
Benchmark Price: $508,800
Month-over-Month: Down 1%
Year-over-Year: Down over 4%
Higher-density properties are experiencing some of the largest price adjustments.
Cochrane
Cochrane saw improved sales in August, helping bring supply back down to just over three months.
Despite stronger activity, prices continued to soften and the total residential benchmark price was approximately 2% lower than last year.
Okotoks
Okotoks continues to experience tighter supply than Calgary and many surrounding communities.
With a sales-to-new-listings ratio of 81% and just over two months of supply, inventory remains relatively limited.
Chestermere
Chestermere stands out for significantly higher supply.
The sales-to-new-listings ratio fell below 30%, while months of supply climbed to approximately nine months. These buyer-favouring conditions continue to place downward pressure on prices, which are now more than 1% below last year.
Market Outlook
August reinforces a trend that has developed throughout 2026: there is no single Calgary housing market right now.
Detached and semi-detached homes remain relatively balanced, with some districts continuing to show strong price stability. Row homes are experiencing more competition, while apartment condominiums remain firmly in buyer’s market territory due to elevated supply.
At the same time, stronger activity for properties priced above $1 million shows that demand has not weakened equally across every segment.
For buyers, particularly those considering condos and row homes, increased selection may provide more negotiating opportunities. For sellers, understanding the conditions for your specific property type, price range, and neighbourhood is increasingly important when determining pricing and marketing strategy.
