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Real Estate Report: Inventory Climbs as Sellers Crowd the Gate—Buyers Take Control

Real Estate Report: Inventory Climbs as Sellers Crowd the Gate—Buyers Take Control

THE DAILY PULSE

  • Daily Sales: 19
  • New Listings: 36
  • Net Inventory Change: Inventory Growing (+17)
  • Today's Average Price: $642,774

Today's average price sits at $642,774—notably higher than the benchmark of $559,000. That's not a market surge. That's a handful of high-end deals skewing the numbers while the rest of the market sits quiet. The action isn't in the luxury bracket today; it's in the growing pile of unsold homes.

The Move: If you're a buyer, you just gained 17 more options overnight. Sellers are stacking inventory faster than buyers are clearing it. Take your time. The desperation is shifting to the other side of the table.

  • Month-to-Date Sales: 19
  • Month-to-Date New Listings: 36
  • Total Active Inventory: 3,910

Listings are outpacing sales by nearly 2:1 in the first 48 hours of 2026. With 3,910 active listings—up from 2,989 in December 2024 and 3,639 in January 2025—sellers are losing the leverage they held for the past two years. Inventory hasn't been this high since the pre-pandemic era, and every new listing dilutes pricing power.

Sellers: The competition is rising. If you aren't the best price on the block, you're just decoration. Price aggressively or prepare to watch your listing age while buyers shop your neighbors.

THE BIGGER PICTURE (YoY)

Year-over-year, Calgary's market is cooling fast. Sales dropped 13.6% in late 2025 while inventory surged 28%. The November 2025 benchmark price of $559,000 held flat, but monthly comparisons showed a slight decline. With the BoC holding rates at 4.25% and 5-year bond yields slipping to ~2.65%, borrowing costs are stable—but demand is slowing. Alberta's migration boom is over. Calgary's purpose-built rental vacancy jumped from 1.4% to 4.6%, pulling renters out of the buyer pool. New construction is flooding the market with alternatives to resale homes.

The Outlook: Buyers are winning. Sellers who cling to 2024 pricing are about to learn what a balanced market feels like—and it doesn't feel like a bidding war.

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