1. Market Snapshot: Supply Surges, Sales Ease

• Sales dipped to 2,099 units in July—a 12% decline over last July.

• Inventory, however, soared to 6,917 active listings, levels we haven’t seen since before the pandemic, and well above long-term norms.

• New listings jumped to 3,911, up over 8% year-over-year, contributing to heightened market selection. 

2. Price Trends: Benchmark Down, But Segment Differences Emerge

• The overall benchmark price for Calgary is now $582,900, down about 4% from its June 2024 peak.

• Different property types are experiencing varied pressure:

  • Detached homes: Balanced supply at roughly 3 months, benchmark holding at $761,800 (−1% YoY).

  • Semi‑detached: Similar supply dynamics and a modest benchmark increase to $697,500 (+1% YoY).

  • Row/townhomes: Supply rising (~3.2 months), benchmark down 4% to $446,200.

  • Apartments: Most impacted with inventory exceeding 4 months and benchmark dropped 5% to $329,600

3. District by District Price Shifts

• City Centre continued to outperform with a benchmark of $588,000, up 4.1% annually.

• West and Northwest also remain strong, while East and North East feel the pressure benchmarks in these areas dropped up to 5% YoY.

4. Supply Dynamics: New Builds Driving Choice

• Much of the rise in inventory is concentrated in newer communities flipping the script from earlier tight conditions to a market with more leverage for buyers, especially in segments like condos and townhomes.

• Yet detached and semi-detached home markets remain relatively balanced, with supply stabilizing and prices holding steady.

What This Means for You

Buyers

• You’re no longer fighting for a home more options mean better deals and planning flexibility.

• Especially in apartments and row homes, you have more negotiation power; smart buyers can capitalize on easing prices.

• Detached homes remain solid long term investments for buyers focused on stability.

Sellers

• Detached and semi-detached sellers still have strong position but only if their home is stylishly presented, competitively priced, and marketed effectively.

• If you’re listing a condo or row home, rise above the glut call out specs, staging, and location to stand out amid elevated competition.