The Calgary real estate market remains highly competitive with a composite benchmark price hovering around $570,000 to $600,000. Inventory sits at just under 6,000 active listings. The market currently sits in, or is actively trending toward, a seller’s territory with properties moving very quickly.
Key Market Factors
Inventory Constraints: Although active listings have stabilized closer to historic averages compared to the severe shortages of 2023–2024, high buyer demand keeps inventory tight in the lower and middle price brackets.
Market Cooling: While prices remain drastically higher than historical norms, some property sectors have experienced slight 1% to 7% year-over-year price declines, offering buyers marginally better negotiating leverage than in previous years.
Current Market Breakdown
Average Home Price: ~$660,000 to $685,000
Detached Average Sold Price: ~$830,000 - (representing a slight 1% year-over-year softening)
Semi-Detached Average Sold Price: ~$691,000 (down 0.6% year-over-year)
Townhouse Average Sold Price: ~$462,000 (down 5% year-over-year)
Apartment/Condo Average Sold Price: ~$340,000 (down 7% year-over-year)
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