Real Estate Report: Calgary Market Shifts: Inventory Outpaces Sales Amidst Rebalancing Act
We’re hearing that Calgary’s real estate is seeing a shift. More listings than sales means buyers have more choices and sellers need to rethink their strategies. What do you think about these changes?
THE DAILY PULSE
- Daily Sales: 48 units
- New Listings: 114 units
- Net Inventory Change: +66 units (more listings than sales)
- Today's Average Price: $525,023
Today's average sale price of $525,023 is notably lower than the month-to-date average of $619,383. This suggests a daily sales mix weighted towards lower-priced properties, aligning with recent forecasts anticipating potential price adjustments in apartment and row-style homes.
Implication: Buyers in the entry-level or higher-density segments may find increased daily options and potentially more competitive pricing, while sellers of premium properties should anticipate a more discerning buyer pool.
MONTHLY TRENDS
- Month-to-Date Sales (Calculated): 766 units
- Month-to-Date New Listings (Calculated): 1,944 units
- Current Total Active Inventory: 4,350 units
Month-to-date, new listings continue to significantly outpace sales, leading to a steady accumulation of available inventory. The current active listings of 4,350 units reflect a substantial increase compared to January 2025 (3,639 units) and January 2024 (2,150 units), indicating a notable shift towards greater choice for buyers. This trend signals a transition away from the aggressive seller's market conditions of previous years.
Implication: Sellers must strategically price their properties and understand specific segment dynamics, as growing inventory levels offer buyers more selection and reduce the urgency to purchase.
THE BIGGER PICTURE (YoY)
The Calgary real estate market is actively undergoing a "Balanced Transition," a trend anticipated by the Calgary Real Estate Board's (CREB) January 20, 2026 forecast. December 2025 data reinforces this, showing sales declined 14.8% year-over-year (YoY) to 1,126 units, while inventory surged 29% YoY to 3,860 units, resulting in 3.4 months of supply. Concurrently, the benchmark price in December 2025 was down 4.7% YoY to $554,700, underscoring the move towards more balanced conditions. Overall residential sales in 2025 decreased by 16% from 2024, despite a 9% YoY increase in new listings. The Bank of Canada has maintained its target overnight rate at 2.25% since December 2025, with expectations for continued stability throughout 2026, a factor that is tempering demand and supporting the market's rebalancing.
Implication: Buyers are benefiting from increased inventory and a stable interest rate environment, providing more time to explore options and potentially find better value, particularly in segments like apartment and row homes where supply is expanding and prices have seen year-over-year adjustments.
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