Calgary Real Estate Market Update (August 2026): What’s Really Happening with Prices, Sales, and Inventory?

by Melanie Ward

If you’ve been keeping an eye on the Calgary housing market, you’ve probably noticed the end-of-summer shift. August brought a classic seasonal slowdown in overall sales activity across the city, but home values across Calgary stayed surprisingly steady.

Whether you’re planning to buy your first condo, move up into a detached family home, or sell your property this fall, here is a clean, no-jargon breakdown of the latest Calgary Real Estate Board (CREB®) statistics and what they mean for you.

Calgary Housing Market Snapshot: August 2026

Here is how the key numbers shaped up across the city last month:

Total Benchmark Price: $569,800 (Essentially flat compared to July, down just 1% year-over-year)
Total Residential Sales: 1,660 units (Down 16% compared to August 2025)
New Listings: 3,141 units (Down nearly 10% year-over-year)
Total Inventory: 6,509 units
Months of Supply: 3.92 Months (Up nearly 17% compared to last year)
Average Days on Market: 41 Days (Up ~7% year-over-year)

August Market Trends by Property Type

Market conditions in Calgary vary significantly depending on what type of property you are looking at:

1. Detached Homes

Benchmark Price: $744,300
The Breakdown: High-end sales for homes priced over $1,000,000 saw strong activity, but pullbacks in homes under $1M pushed overall sales down 12%. Total inventory sits slightly over 3 months of supply.

2. Semi-Detached Homes

Benchmark Price: $690,500
The Breakdown: Conditions remain very balanced and prices are holding steady (up nearly 1% year-over-year). Months of supply pushed above 3 months for the first time since January.

3. Row & Townhomes

Benchmark Price: $415,200
The Breakdown: Prices softened slightly (down about 5% year-over-year) as increased new-construction completions and rental choices gave buyers more alternatives. Supply sits right around 4 months.

4. Apartment Condos

Benchmark Price: $295,400
The Breakdown: Condos remain the primary buyer’s market in Calgary with nearly 6 months of resale supply. Increased rental options continue to slow demand, leaving condo prices about 13% below their August 2024 peak.

Neighbourhood Spotlight: Hot Spots vs. Buyer Opportunities

Location plays a massive role in real estate performance across Calgary’s quadrants:

🔥 Strong Price Growth: West Calgary and City Centre continue to lead the city with price gains of over 2% year-over-year for detached properties, backed by low inventory (under 3 months of supply).
🛋️ Buyer-Friendly Conditions: The North East and North districts have higher inventory levels (over 4 months of supply), leading to price adjustments (down over 6% year-over-year in the North East).

What Does This Mean For Buyers and Sellers?

For Calgary Home Buyers: You have more breathing room than you’ve had in recent years. With average days on market moving up to 41 days and overall supply pushing toward 4 months, you can take more time to tour properties and make informed decisions—especially in the condo and townhome sectors.
For Calgary Home Sellers: Pricing strategy is everything right now. High-demand detached areas are still performing well, but shooting too high above market value can lead to your home sitting longer. Setting a competitive price based on hyper-local sales data is key to a successful move.

Curious About Your Specific Neighbourhood?

City-wide real estate statistics give a great big-picture view, but market conditions can change block by block.

If you want to know what homes are selling for in your specific Calgary neighborhood or want a free home evaluation, reach out today! Let’s grab a coffee and chat about your real estate goals.