Courtesy of Pat Lanuke

Pat Lanuke

PRICES DECLINES MOSTLY DRIVEN BY HIGHER DENSITY HOMES

BENCHMARK PRICE Detached $755,600

BENCHMARK PRICE Rowhouse $439,600

ACTIVE LISTINGS 6,661

SOLD LISTINGS 1,989

Calgary, September 2, 2025 - August reported 1,989 sales, nearly nine per cent lower than last year. Sales have slowed compared to the high levels reported over the past four years. However, activity is still above long-term trends, reflecting relatively strong demand. New listings remain elevated, keeping the sales-to-new-listings ratio below 60 per cent and pushing inventory to 6,661, the highest August amount since 2019. “Perspective is needed when it comes to price adjustments. The most significant price adjustments are occurring for row and apartment style homes as they are also the product type that are facing the largest gains in supply choice,” said Ann-Marie Lurie, Chief Economist at CREB®. “Meanwhile price adjustments in the detached and semi-detached markets range from modest price growth in some areas to larger price declines in areas with large supply growth. Overall, recent price adjustments have not offset all the gains that have occurred over the past several years.” More inventory choice coupled with lower sales has caused the months of supply to rise to 3.4 months in August. Source: Calgary Real Estate Board | Market values stated are of the benchmark of Calgary and surrounding region. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.

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