Calgary Real Estate Market Update November 2026

Fewer Listings as Winter Approaches, but Conditions Vary by Property Type

Calgary’s real estate market slowed in October, with fewer sales and fewer new listings compared with the same month last year.

There were 1,592 home sales, down 15.3% from October 2025. The total residential benchmark price was $564,200, down 0.4% compared to last year.

Detached and semi detached home prices have remained relatively stable, while apartments and row homes continue to see larger declines. Buyers and sellers are facing different conditions depending on the property type, neighbourhood and price range.

Calgary Housing Market Snapshot for October 2026

Here are the key numbers from the latest CREB® statistics:

• 1,592 homes sold, down 15.3% from October 2025
• 2,928 new listings, down 9.4%
• 6,173 homes available for sale, down 4.6%
• 3.88 months of supply, compared with 3.44 last October
• $564,200 residential benchmark price, down 0.4%
• 43 average days on market

The benchmark price also eased from $566,700 in September.

One detail worth looking at is that inventory fell, but months of supply remained higher than last October. That happened because sales declined faster than the number of available homes.

In simple terms, fewer listings do not automatically mean sellers have more negotiating power.

Months of supply estimates how long it would take to sell the available inventory at the current sales pace if no new listings were added. Calgary’s overall figure sits just below four months, but conditions differ considerably across property types.

Detached Homes Remain Relatively Balanced

There were 847 detached home sales in October, down 16% compared with October 2025.

The detached benchmark price was $735,100, down 0.72% from last year. Inventory stood at 2,832 homes, with 3.34 months of supply.

Despite the decline in sales, detached prices remain close to last year’s levels.

Location also makes a noticeable difference. Detached benchmark prices increased 3.29% in the City Centre district and 3.15% in the West compared with last October. In the North East, they declined 6.58%.

For buyers, this means the amount of choice and negotiating room depends on where you are looking.

For sellers, recent nearby sales and current competing listings provide a better starting point for pricing than the overall Calgary average.

Semi Detached Homes Remain Relatively Stable

Semi detached homes recorded 184 sales in October, down just 1.1% from last year.

The benchmark price was $685,200, unchanged from September and up 0.78% compared with October 2025.

With 581 homes available and 3.16 months of supply, this segment had the lowest months of supply among the four main property categories.

Semi detached homes have maintained relatively stable prices, although conditions still vary by location and price range.

Buyers should compare individual properties carefully, while sellers need to understand how their home measures up against the options available today.

Row Homes Give Buyers More Choice

There were 241 row home sales in October, down 11.7% compared with last year.

Inventory reached 1,069 properties, with 4.44 months of supply. The benchmark price was $407,500, down 5.12% from October 2025.

For buyers considering townhomes, these conditions can provide more room to compare properties and discuss price and terms.

It is worth looking closely at layout, condition, parking and any condo fees or maintenance responsibilities.

For sellers, competing listings matter. When buyers can choose between several similar homes, the asking price needs to make sense alongside the property’s condition and features.

Apartment Condos Have the Most Buyer Friendly Conditions

Apartments continued to face the most price pressure among Calgary’s main property categories.

There were 320 sales in October, down 22.3% from a year earlier.

Inventory stood at 1,691 units, resulting in 5.28 months of supply. The apartment benchmark price was $288,800, down 7.94% compared with October 2025.

Apartments took an average of 55 days to sell.

These figures point to conditions that tend to favour buyers. However, the lowest asking price is not always the best value.

Condo fees, reserve funds, building maintenance and potential upcoming expenses all deserve attention. Two similarly priced units can have very different ownership costs.

For sellers, comparable units in the same building or nearby developments are especially important when setting a price.

Calgary Is Not One Real Estate Market

October’s numbers show why it is difficult to describe all of Calgary as either a buyer’s market or a seller’s market.

Months of supply ranged from 3.16 for semi detached homes to 5.28 for apartments.

Price changes were also quite different:

• Detached benchmark prices were down 0.72% from last year.
• Semi detached benchmark prices were up 0.78%.
• Row home benchmark prices were down 5.12%.
• Apartment benchmark prices were down 7.94%.

Even within those categories, location can change the picture considerably.

The most useful comparison is the market for the type of home you actually plan to buy or sell.

What I Am Seeing in Calgary Right Now

I am seeing the usual seasonal slowdown as we move toward winter. But that does not mean buyers have plenty of options in every part of the market.

Certain segments are still short on available homes. Buyers may see thousands of listings across Calgary and still struggle to find a suitable property that fits their needs and budget.

What This Means for Calgary Home Buyers

The current market gives buyers more room to compare options in some segments, particularly apartments and row homes.

Use that opportunity to review recent sales, understand the property’s condition and consider the full cost of ownership.

At the same time, do not assume every seller faces the same competition. If suitable homes are limited in your preferred area and budget, your experience may look quite different from the citywide statistics.

Having financing lined up and a clear list of priorities will help you assess a home when the right option becomes available.

What This Means for Calgary Home Sellers

Homes are still selling, but pricing needs to reflect today’s market.

Start with recent comparable sales, then look at the properties buyers can choose from right now. Those active listings help show how your home will compare on price, condition and features.

Presentation also deserves attention. A clean, well maintained home with clear photography makes it easier for buyers to see its value.

If your home is not attracting interest, review the showing feedback and current competition.

Is Calgary a Buyer’s or Seller’s Market Right Now?

Overall, Calgary has relatively balanced conditions, but the answer depends on what you are buying or selling.

Detached and semi detached homes remain relatively balanced. Row homes and apartments have higher months of supply and conditions that tend to favour buyers.

Your neighbourhood, price range and available competition will give you a clearer answer than the overall market label.

Frequently Asked Questions

Are Calgary home prices falling?

The residential benchmark price was $564,200 in October 2026, down 0.35% compared with October 2025.

The larger declines were in apartments and row homes. Detached prices were close to last year’s levels, while semi detached prices were slightly higher.

Is now a good time to buy a home in Calgary?

Buyers have more negotiating room in some parts of the market, especially apartments and row homes.

Whether it is the right time for you depends on your budget, plans and the homes available in the areas you are considering.

Is now a good time to sell in Calgary?

Homes continue to sell, but the right strategy depends on your property and current competition.

Reviewing recent local sales and available listings can help you decide on timing, preparation and pricing.

What is the average home price in Calgary?

The average sale price was $640,769 in October 2026. The residential benchmark price was $564,200.

The average reflects the mix of homes sold during the month. The benchmark tracks the value of a typical home and helps show price trends.

Why does the benchmark price matter?

The benchmark helps separate price changes from changes in the types of homes selling.

It is useful for understanding market trends, but it does not replace an assessment of your home’s location, condition and features.

Final Thoughts

Calgary moved toward winter with fewer sales and fewer new listings in October. Overall prices remained close to last year’s levels, while apartments and row homes continued to experience more price pressure.

For buyers and sellers, the next step is to bring those numbers closer to home.

If you are thinking about a move, I can help you review recent sales and current listings in your community and price range so you know what to expect.

Emin Ozkan
Calgary Realtor | RE/MAX Complete Realty

Source: CREB®, City of Calgary Monthly Statistics, October 2026