Calgary Market Shifts: Inventory Builds, Price Moderation Signals Buyer Opportunity
Calgary's real estate market is seeing inventory climb and prices moderate, especially in higher-density homes, as new listings outpace sales, shifting leverage to buyers.
THE DAILY PULSE
Calgary's real estate market is exhibiting a clear trend of inventory growth and price moderation, signaling a transitioning balance. On December 14th, Calgary recorded 16 sales against 17 new listings, marginally increasing overall daily inventory. Active listings city-wide stand at 5,206, with a daily average price of $592,541.
Implication: The slight excess of new listings means properties are not selling immediately, giving buyers slightly more time to consider options. Sellers may face longer market times.
MONTHLY TRENDS
So far this December, Calgary has seen 630 total sales against 804 new listings. The monthly average price sits at $613,224. This pattern of new listings consistently outnumbering sales is characteristic of a seasonal slowdown, leading to a modest, sustained build-up in inventory.
Implication: Sellers must be realistic with pricing. Increased competition from a growing inventory, even during a quiet season, necessitates strategic pricing to attract serious buyers.
YEAR-OVER-YEAR CONTEXT
Looking back at 2025, Calgary's market has been robust with 22,295 total sales year-to-date and an average price of $629,032. However, current trends show significant moderation. Overall benchmark prices were down nearly 5% year-over-year in November, driven primarily by declines in apartment and row homes. Overall inventory soared 28% year-over-year in November, indicating a substantial shift in market dynamics as the market continues to price in expectations of easing lending rates throughout 2025.
Implication: Buyers are gaining leverage. With increased selection and softening prices, particularly in higher-density segments, this presents an opportune time for due diligence and negotiation. Long-term demand remains stable due to sustained population and employment growth.