Real Estate Report: Calgary Real Estate: Inventory Builds as Daily Listings Outpace Sales, Shifting Market Dynamics

THE DAILY PULSE

• Daily Sales: Calgary recorded 54 residential sales on January 20, 2026.
• New Listings: 101 new properties were added to the market today.
• Net Inventory Change: The market saw a net increase of 47 available properties (101 new listings - 54 sales), contributing to overall inventory growth.
• Average Price: The average price for homes sold today was $595,739.

Today's average sale price is notably below the month-to-date average of $626,144, suggesting a daily skew towards more accessible price points or reflecting increased buyer selectivity in specific segments. The influx of new listings exceeding daily sales further indicates a softening in immediate demand-supply tension.

So What? For buyers making an offer today, there is a clearer opportunity to explore more options, particularly in the mid-range or entry-level segments. The increased inventory may offer more negotiation leverage and reduce the pressure for immediate decisions.

MONTHLY TRENDS

• Month-to-Date Sales (Jan 1-20): 724 residential sales.
• Month-to-Date New Listings (Jan 1-20): 1,817 new listings.
• Current Total Active Inventory: 4,308 properties available across Calgary.

The substantial disparity between month-to-date new listings and sales underscores a clear trend of inventory accumulation throughout January. This continuous build-up, alongside the active listing count of 4,308 properties, strongly indicates a market moving from a fervent seller's domain towards more balanced conditions, fueled by new construction, especially in higher-density segments.

So What? Sellers must prioritize strategic pricing and effective presentation. With more homes on the market, properties priced above current market expectations are likely to experience longer days on market and less buyer interest. Realistic pricing is paramount to securing a sale.

THE BIGGER PICTURE (YoY)

Calgary's real estate market is in a transitional phase, characterized by increasing inventory and stabilizing prices. As of December 2025, total sales were down 14.6% year-over-year, yet the residential benchmark price saw a modest 1.5% increase to $554,700. Inventory, however, surged by 28.9% year-over-year to 3,860 units by the end of December, pushing months of supply to a balanced 3.4 months. Forecasts for 2026 suggest a market "settling down" after a volatile period, with CREB projecting a slight one percent price increase overall, though predicting declines for row and apartment prices while detached and semi-detached homes see small gains. The Bank of Canada held its target overnight rate at 2.25% in December 2025, contributing to "surprisingly stable" variable mortgage rates in the past week. (Note: Current bond yield data for fixed rates is not available.)

So What? For buyers, the stable interest rate environment, combined with growing inventory and moderated price forecasts, presents a more predictable and less competitive landscape. This allows for thoughtful consideration and investment in properties that align with long-term value, particularly with increased options in various segments of the market.