Calgary real estate market update for August 2026: sales slowed, inventory remained relatively stable, and buyers continued to see more choice in several areas of the market.
The Calgary real estate market continued to move toward more balanced conditions in August 2026. Compared with August 2025, sales and new listings both declined, while inventory remained relatively stable. At the same time, the number of months of supply increased, giving buyers more negotiating room than they had during the exceptionally tight market conditions seen in previous years.
However, Calgary is not one single real estate market. Conditions continue to vary significantly depending on the type of property, price range and community.
Detached homes remain considerably tighter than apartment condominiums, while the apartment market continues to experience higher levels of supply and greater price adjustments.
Here is a closer look at the Calgary real estate market in August 2026.
Calgary Real Estate Market at a Glance
In August 2026, Calgary recorded 1,660 residential sales, compared with 1,986 sales in August 2025. That represents a decline of approximately 16 per cent year over year.
New listings also declined, with 3,141 new listings entering the market compared with 3,477 in August 2025.
There were 6,509 homes in inventory at the end of August, slightly below the 6,659 homes available at the same time last year.
With sales slowing more than inventory, Calgary's overall market moved to 3.92 months of supply, compared with 3.35 months in August 2025.
The overall Calgary residential benchmark price was $569,800, down approximately 1.1 per cent from $576,000 one year earlier.
The median sale price was $565,000, compared with $569,500 last August.
The numbers tell an important story. Calgary's overall market is becoming more balanced, but that does not mean every property type or community is experiencing the same conditions.
What Does 3.92 Months of Supply Mean?
One of the most useful numbers to watch in the Calgary real estate market is months of supply.
In August, Calgary had 3.92 months of supply.
Months of supply is an estimate of how long it would take to sell the homes currently listed if no additional properties came onto the market and homes continued selling at the current pace.
Generally, lower supply indicates stronger competition among buyers, while higher supply gives buyers more choice and can create greater negotiating opportunities.
The increase from 3.35 months last August to 3.92 months this August indicates that the market has shifted away from the very tight conditions Calgary experienced during periods of exceptionally strong demand.
For buyers, this can mean more time to consider a property before making an offer.
For sellers, it means pricing correctly and preparing a home for the market are increasingly important.
Calgary Home Sales Are Down From Last Year
Calgary recorded 1,660 residential sales in August 2026, down 16.4 per cent from August 2025.
Year to date, Calgary has recorded 14,649 sales, compared with 16,478 during the same period last year. That represents an approximately 11 per cent decline.
The slowdown in sales is important, but it should be considered alongside the decline in new listings.
There were also fewer homes coming onto the market this year. August recorded 3,141 new listings, down from 3,477 last year.
This means the market is not simply experiencing a large increase in available homes. Instead, both buyers and sellers are showing less activity than they were a year ago.
Calgary Home Prices in August 2026
The overall Calgary benchmark price was $569,800 in August 2026, approximately 1.1 per cent lower than the $576,000 benchmark price recorded in August 2025.
The median price was $565,000, down less than one per cent from last year.
Interestingly, the average sale price increased to $638,440, up 4.3 per cent from $612,165 last August.
Why can the average price rise while the benchmark price and median price decline?
The answer is that these measurements are calculated differently.
The average price is influenced by the mix of properties that sell during a particular month. If a greater proportion of higher priced homes sell, the average can increase even when underlying market values are relatively stable.
The benchmark price is generally a better indicator for tracking changes in typical property values over time.
For Calgary homeowners and buyers, looking at several measures together provides a much clearer picture of the market.
Detached Homes Remain One of Calgary's Stronger Segments
Detached homes continue to experience tighter market conditions than many other property types.
In August 2026, Calgary recorded 875 detached home sales, compared with 992 in August 2025.
There were 1,635 new detached listings, while inventory stood at 2,969 homes.
The detached market had approximately 3.39 months of supply, compared with 3.08 months last year.
The detached benchmark price was $744,300, down approximately 1.1 per cent from $752,500 last year.
Days on market remained at approximately 35 days.
The detached market continues to demonstrate why Calgary cannot be described simply as a buyer's or seller's market. Depending on the community and price range, sellers of desirable detached homes can still experience strong buyer interest.
Location, condition, price and property type remain extremely important.
Calgary Apartment Condos Continue to Favour Buyers
The apartment condominium market continues to be one of the most buyer friendly segments of Calgary real estate.
In August 2026, there were 333 apartment sales, down approximately 26 per cent from 449 sales in August 2025.
New listings declined by approximately 20 per cent, from 879 last year to 699 this August.
Even with fewer new listings, Calgary had 1,891 apartment condominium units in inventory.
That resulted in approximately 5.68 months of supply, compared with 4.41 months last year.
The apartment benchmark price was $295,400, down approximately 8.2 per cent from $321,700 in August 2025.
The median apartment price was $285,000, while the average price was $316,248.
For buyers considering a Calgary apartment condominium, the current market may provide more selection and negotiating opportunities than have been available in recent years.
For sellers, accurate pricing is especially important because buyers have more choices.
Semi Detached Homes Show Different Conditions
The semi detached market tells a somewhat different story.
There were 206 semi detached sales in August, compared with 168 last year.
New listings were relatively stable at 302, compared with 310 last year.
Inventory increased slightly to 555 homes, resulting in approximately 3.30 months of supply.
The benchmark price increased approximately 1 per cent year over year to $690,500.
The average sale price was $691,163, up approximately 5.2 per cent from last year.
This segment demonstrates why Calgary market statistics need to be examined by property type rather than relying only on the citywide numbers.
Row Homes Continue to See More Balanced Conditions
Calgary's row home market recorded 284 sales in August, down approximately 16 per cent from 339 last year.
There were 505 new listings and 1,094 homes in inventory.
Months of supply increased to 3.85 months, compared with 3.24 months last year.
The benchmark price was $415,200, down approximately 5.4 per cent from August 2025.
Row homes can be an attractive option for buyers looking for a lower price point than a detached home while still wanting more space than a typical apartment condominium.
However, price and location remain particularly important because buyers have a relatively broad selection of properties.
What Does the August Calgary Market Mean for Buyers?
For Calgary buyers, August 2026 offers a more comfortable environment than the highly competitive conditions experienced during periods of exceptionally strong demand.
There are several positive factors for buyers.
More negotiating room: With nearly four months of overall supply, buyers may have more opportunity to negotiate price and terms.
More time to make a decision: Not every desirable property is selling immediately, giving buyers more opportunity to compare homes.
More choice in certain segments: Apartment condominiums and some row home markets have higher supply relative to demand.
Less pressure to overbid: Buyers may not face the same level of competition that occurred during Calgary's tightest market conditions.
That does not mean buyers should expect every seller to accept a low offer. Well priced homes in desirable communities can still attract strong interest.
What Does the August Calgary Market Mean for Sellers?
Sellers also need to adjust to the changing market.
A home that might have sold quickly during a highly competitive market may now take longer if it is overpriced or poorly presented.
Successful sellers should focus on three things:
Price the home correctly from the beginning.
Overpricing can cause a listing to sit on the market while competing properties attract buyers.
Prepare the home carefully.
First impressions matter. Professional photography, decluttering, repairs and thoughtful staging can help a property stand out.
Pay attention to competing inventory.
The most important competition is not simply what sold last month. It is the homes currently available that a buyer could choose instead.
Is Calgary a Buyer's Market or a Seller's Market?
The answer depends on the property.
Calgary's overall market in August 2026 was relatively balanced, with 3.92 months of supply.
However, the market varies considerably by property type.
Detached homes had approximately 3.39 months of supply.
Semi detached homes had approximately 3.30 months.
Row homes had approximately 3.85 months.
Apartment condominiums had approximately 5.68 months.
This illustrates why a Calgary real estate market update should never rely on a single citywide statistic.
A buyer looking for a $300,000 apartment condominium in one community may have a very different experience from a buyer searching for a $900,000 detached home in another community.
Calgary Real Estate Market Outlook
The August 2026 statistics suggest that Calgary's housing market continues to transition toward more balanced conditions.
Sales are lower than last year, new listings are also lower, and inventory remains relatively stable. The result is more supply relative to demand than Calgary experienced during its tightest market periods.
Prices, however, are not moving uniformly.
Detached and semi detached properties continue to show greater price stability, while the apartment condominium segment is experiencing considerably more price pressure.
For the remainder of 2026, buyers and sellers should pay close attention to their specific property type and community rather than relying solely on citywide statistics.
The Calgary real estate market is increasingly a market where property specific strategy matters.
Thinking About Buying or Selling a Home in Calgary?
Whether you are buying your first Calgary home, moving to a different community, downsizing, upgrading or considering an investment property, understanding the local market can help you make a more informed decision.
The most useful statistics are not always the headline numbers. Your neighbourhood, property type, price range and the competition currently on the market can have a significant impact on the outcome of your purchase or sale.
If you are considering buying or selling in Calgary, a neighbourhood specific market analysis can provide a much clearer picture of what is happening in your particular area.
For more Calgary real estate information, neighbourhood guides, market updates and homes for sale, visit Chris Marshall Calgary Realtor.
Frequently Asked Questions About the Calgary Real Estate Market
Are Calgary home prices going down in 2026?
Calgary's overall benchmark price in August 2026 was $569,800, approximately 1.1 per cent lower than August 2025. However, price changes vary significantly by property type and community.
Is Calgary a buyer's market in August 2026?
Overall Calgary conditions are relatively balanced, with 3.92 months of supply. The apartment condominium market is more favourable to buyers, while detached and semi detached homes remain comparatively tighter.
What is the average home price in Calgary in August 2026?
The average residential sale price in Calgary was $638,440 in August 2026. The median price was $565,000 and the benchmark price was $569,800. Looking for a specific community? Community Market Stats.
How many homes are for sale in Calgary?
There were 6,509 residential properties in Calgary's inventory at the end of August 2026.
How long are Calgary homes taking to sell?
The average number of days on market for Calgary residential properties was approximately 41 days in August 2026.
Are Calgary condos a good opportunity for buyers in 2026?
The apartment condominium market currently provides buyers with more supply and negotiating opportunity than some other Calgary property types. In August 2026, apartment condominiums had approximately 5.68 months of supply and a benchmark price of $295,400.
Calgary Real Estate Market Update Summary
The August 2026 Calgary real estate market can best be described as more balanced, but highly dependent on property type and location.
Sales are down compared with last year, but so are new listings. Overall inventory remains relatively stable, while months of supply have increased.
For buyers, this means more choice and potentially more negotiating power.
For sellers, it means pricing and presentation matter more than ever.
And for anyone trying to understand the Calgary housing market, the most important takeaway is simple: there is no single Calgary real estate market.
The best strategy depends on the community, property type, price range and current competition.
Market statistics are based on Calgary residential resale housing data from the Calgary Real Estate Board (CREB®).
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