Welcome back to our monthly market deep-dive! If you’ve been feeling a slight shift in the air when it comes to Calgary real estate, you aren't imagining it. As we move through August, the frantic pace of previous years is officially easing up.
According to the latest stats from the Calgary Real Estate Board (CREB), July brought us fewer sales and fewer new listings compared to last year. While demand is certainly slower than it was at the peak, it's still stronger than the challenging slump we saw between 2015 and 2019.
The biggest takeaway this month? Calgary is operating as a city of micro-markets. Your experience right now depends entirely on what quadrant you are in and what type of property you are looking for. Supply choice is back, and in higher-density sectors, the ball is increasingly in the buyer's court.
Let's break down exactly what these numbers mean for buyers and sellers across the city and our neighboring communities.
The Big Picture: By the Numbers
Here’s a quick snapshot of where the benchmark prices landed across different property types in Calgary for July 2026:
The Property Breakdown: District Disparities & Trends
Apartment Condominiums: The Buyer's Domain
The headline story this month belongs to the apartment sector. Several consecutive years of high construction levels have finally caught up with demand, creating a persistent oversupply. Sales have fallen by nearly 26% so far this year, and with over 17,000 apartment-style units currently under construction, recently built resale condos are facing stiff competition.
The Details: At $297,600, benchmark prices are down over 8% from last year and a significant 13% below the peak levels we saw in 2024. Inventory is sitting at nearly 5 months of supply.
What This Means For You:
For Buyers: If you're an investor or a first-time homebuyer, this is where your negotiating power is strongest. You have time to shop around and avoid multiple-offer situations.
For Sellers: Pricing and presentation are everything. You are directly competing with brand-new builds, so your unit must stand out online and in person to secure a sale.
Detached Homes: The Tale of Two Cities
Sales of detached homes dipped slightly, but sellers aren't exactly panicking. A corresponding pullback in new listings has kept the overall market balanced. However, the citywide numbers mask a stark district divide.
The Details: The unadjusted benchmark price sits at $743,900. While we've eased off the peak prices of 2025, the market hasn't erased the massive equity gains homeowners have seen over the past few years.
The District Split: The West District and City Centre are still seeing price improvements (with the West sitting tight at under two months of supply). Conversely, the steepest declines have occurred in the North East, where prices have dropped nearly 6% and conditions have shifted toward a buyer's market with over five months of supply.
What This Means For You:
For Buyers: Expand your search to the North and North East if you want more leverage and better pricing on detached homes.
For Sellers in the West/Inner City: You still have the upper hand, but buyer fatigue is real. Overpricing will lead to your home sitting on the market.
Semi-Detached: The Steady Middle-Ground
Semi-detached homes are the quiet achievers of the summer. Despite typical monthly slow-downs, year-to-date sales have remained remarkably consistent with 2025.
The Details: With a benchmark price of $691,000 and months of supply sitting below three months, this segment remains firmly in balanced territory. Much like detached homes, the West District was the only area to record a year-over-year price gain, while buyers are finding the most traction and price relief in the North East.
What This Means For You: This is the most stable segment in Calgary right now. Whether buying or selling, expect a fair, balanced negotiation process without the wild swings seen in other property types.
Row Homes: Easing Pressure & Building Supply
We’re seeing early signs of oversupply in the row housing market. A steep pullback in sales (down 15% year-to-date) pushed the months of supply up to nearly four months.
The Details: Increased competition from the new-build market is weighing heavily on resale townhomes, pushing the citywide benchmark price down to $418,500. Again, location dictates the reality: year-to-date price declines range from a sharp 12% drop in the North East and East Districts to a modest 3% decline in the West District.
What This Means For You:
For Buyers: If you've been priced out of townhomes over the last two years, it's time to start looking again—especially in the East and North East quadrants.
For Sellers: You must account for the new developments in your area when setting your list price. Buyers will choose a brand-new build over your resale unit if the prices are too similar.
Regional Market Spotlight
If you're looking outside the city limits, here is how Calgary's surrounding communities fared in July:
Airdrie: Sales are trending down, but so are listings. The months of supply sits just below four months, returning the market to a balanced state. The detached benchmark price is $603,100 (down 4% from last year), bringing the price gap between Airdrie and Calgary back to historical norms.
Cochrane: Inventory is growing, largely driven by higher-density homes. With supply pushing above four months, prices are feeling the pinch. The detached benchmark price fell to $659,400.
Okotoks: The tightest market in the region! Okotoks boasts a high sales-to-new-listings ratio of 90% and a low two months of supply. However, competition from new developments in South Calgary is keeping a lid on price growth, with the detached benchmark easing to $695,700.
Chestermere: Buyers have plenty of time to browse here. Supply has pushed to nearly seven months. The additional inventory has driven the detached benchmark price down to $771,900.
The Bottom Line
We are officially transitioning out of the hyper-competitive, frenzy-driven market of the last few years. While new home construction and a dip in international migration have cooled demand, the overarching theme is balance—with some distinct advantages appearing for buyers depending on the quadrant and property type.
Whether you're looking to capitalize on the lower prices in the condo market, or wondering how your specific property stacks up against new construction in your neighborhood, navigating a shifting market requires precise, localized data.
Ready to Make Your Move?
Citywide averages only tell part of the story, what’s happening in your specific community or building can look completely different. Whether you're thinking of selling and need an accurate, hyper-local evaluation of your home’s value, or you're looking to buy and want to capitalize on emerging opportunities in today's shifting market, having tailored data on your side makes all the difference.
Reach out today for a complimentary, customized market report for your neighborhood. Let’s chat about what these numbers mean for your next real estate move!
