Calgary home sales fall 16% in August

Calgary home sales and new listings continued to slow in August, while market demand varied significantly by property type and price range, according to the Calgary Real Estate Board (CREB).

There were 1,660 sales during the month, down 16 per cent from August 2025. New listings fell nearly 10 per cent year-over-year to 3,141 units.

The slowdown was not seen across all price ranges. Sales of homes priced above $1 million recorded gains over last year, driven primarily by detached and semi-detached properties.

Higher-end market sees sales growth

CREB ‘s chief economist Ann-Marie Lurie said increased supply has given buyers at the higher end of the market more options.

“While sales growth in the upper end of the market was possible thanks to improved supply choice, it also reflects longer-term confidence in our market, as some buyers are not shying away from taking advantage of the available supply,” Lurie said.

“Meanwhile, we have not seen the same pickup in activity in the lower price ranges, as favourable rental conditions are slowing the transition to ownership.”

Months of supply tick upward

Inventory eased compared with both July and August 2025, reaching 6,509 units. However, the decline in sales pushed the months of supply to nearly four months.

Apartment-style homes had nearly six months of supply, compared with more than three months for detached homes.

CREB says relatively balanced conditions for detached and semi-detached homes have prevented significant price shifts, while oversupply in higher-density segments has contributed to steady price declines.

Calgary’s total residential benchmark price was $569,800 in August, similar to July and one per cent below August 2025.

Detached sales down 12 per cent

Detached home sales fell 12 per cent year-over-year to 875 units, as gains in higher-priced sales were not enough to offset declines among homes priced below $1 million.

New detached listings also declined compared with both July and August 2025, reaching 1,635 units.

The steeper decline in sales relative to inventory pushed the months of supply to more than three months.

The detached benchmark price was $744,300, similar to July and down one per cent year-over-year.

Price trends varied across Calgary. Prices increased by more than two per cent from last year in the West and City Centre districts, while the North East recorded the steepest decline at more than six per cent.

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