A Shifting Balance Between Supply and Demand
Calgary's real estate market has been recalibrating throughout 2026, and September's numbers confirm the trend: buyers are gaining more leverage than they've had in years, particularly in the higher-density segments of the market.
With a sales-to-new-listings ratio of 49% and roughly four months of supply available city-wide, the market sits squarely in balanced territory, edging toward buyer-friendly conditions for condos and row homes.
CREB Chief Economist Ann-Marie Lurie noted: "The high-density supply added to the market is resulting in a more significant impact on prices for higher-density homes."
September 2026 — City of Calgary At a Glance
| Metric | September 2026 | Year-over-Year Change |
|---|---|---|
| Total Sales | 1,650 | ▼ 3.8% |
| New Listings | 3,354 | ▼ 11.3% |
| Total Inventory | 6,486 | ▼ 6.3% |
| Sales-to-New-Listings Ratio | 49% | Balanced |
| Months of Supply | ~4 months | Unchanged |
| Benchmark Price | $566,700 | ▼ 0.8% YoY |
Market Snapshot by Property Type
The story changes significantly depending on property type. Detached and semi-detached homes remain relatively resilient, while the condo and row-home segments are seeing more pronounced softening.
| Property Type | Benchmark Price | YoY Change | Months of Supply | Market Condition |
|---|---|---|---|---|
| Detached | $739,400 | ▼ 1.0% | ~3 months | Balanced |
| Semi-Detached | $685,200 | ▲ 0.1% | ~4 months | Balanced |
| Row / Townhouse | $412,400 | ▼ 5.5% | >4 months | Buyer Leaning |
| Apartment / Condo | $291,400 | ▼ 8.3% | >5 months | Buyer's Market |
Surrounding Communities
Calgary's broader metro area tells a similar story, with some pockets holding stronger than others.
| Community | Benchmark Price | YoY Change | Notable |
|---|---|---|---|
| Airdrie | $505,800 | ▼ ~4% | Softening year-over-year |
| Cochrane | — | ▲ ~6% (YTD sales) | Sales momentum strong |
| Okotoks | $606,800 | Stable | South-corridor demand holding |
| Chestermere | $690,200 | Stable | Premium east-side option |
What This Means for Buyers & Sellers
If you're buying: You now have more time, more choice, and more room to negotiate , especially in the condo and townhouse segments. Don't over-stretch: prices are softening, and motivated sellers are open to conversations they weren't having 12 months ago.
If you're selling: Realistic pricing is everything right now. Well-presented, competitively priced detached homes in established neighborhoods are still moving. The days of pricing above the market and waiting are over for most segments.
If you're watching the market: The data suggests we're past peak and finding a new equilibrium. For long-term investors, balanced markets often represent the best entry points before the next upswing.
Book a Free Discovery Call with Estavio
Whether you're buying, selling, or simply trying to make sense of where the Calgary market is headed, our team at Estavio Real Estate is here to help. We specialize in cutting through the noise with real data , just like this report , to help you make confident, informed decisions.
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Schedule Your Call →Data sourced from CREB (Calgary Real Estate Board) MLS® Statistics, September 2026. All figures are approximate and subject to revision.
Posted by Sahil Chhabra on
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