Real Estate Report: Calgary Real Estate: Daily Inventory Tightens Amidst Broader Cooling Trend
Calgary's real estate market saw a slight daily inventory tightening with 17 sales against 13 new listings, yet broader December trends confirm a seasonal inventory build-up and a move towards a cooling, more balanced market, especially in higher-density housing.
THE DAILY PULSE
Today, Calgary's market experienced a slight inventory tightening with 17 sales outpacing 13 new listings, leading to a net reduction of 4 active units. Total active listings now stand at 4,716. The average sale price for the day was $524,294, with a median of $509,000, reflecting a shift towards lower-priced properties transacting. This daily activity, while showing a temporary dip in available units, exists within a larger context of increasing supply. Buyers interested in well-priced, entry-level, or mid-range properties should remain vigilant, as specific desirable units can still move quickly despite broader market shifts.
MONTHLY TRENDS
Looking at December to date, Calgary has seen 893 total sales against 1,042 new listings, indicating a seasonal inventory build-up as new listings currently outpace sales. The average price for the month so far is $603,324, suggesting a broader range of transactions compared to the daily snapshot. This trend signals a movement towards a more balanced, or even cooling, market as buyer activity typically decelerates in winter. Sellers, particularly those with higher-density units, must price acutely competitively to attract offers and minimize market time, recognizing the increased options available to buyers.
YEAR-OVER-YEAR CONTEXT
2025 has been a robust year overall with 22,555 total sales year-to-date, reflecting sustained activity well above long-term trends. The year-to-date average price is $628,487, though recent months show a moderation from earlier peaks. Overall inventory rose 28% year-over-year in November, reaching 5,581 units. A 'tale of two markets' continues to unfold: higher-density sectors (condos, townhomes) are transitioning to buyer's conditions with increased supply (e.g., ~5.5 months for condos), while well-priced detached homes, especially under $700,000, remain tighter (~3 months supply). Stable interest rates at 2.25%, maintained by the Bank of Canada, continue to improve affordability. This combination of elevated inventory in specific segments and stable rates creates a strategic window for buyers. Those targeting higher-density properties are especially well-positioned to find value and negotiate, while buyers for coveted detached homes may still need to act decisively.
