Calgary's Market: Daily Tightening Amidst Broader Inventory Growth
Calgary's real estate sees daily inventory tightening with strong sales, yet monthly trends show increasing choice, particularly in multi-family segments. Stable rates and rising overall inventory offer new opportunities for savvy buyers.
THE DAILY PULSE
Calgary's real estate market shows immediate inventory tightening today, with strong daily sales activity outpacing new listings. On December 16, 2025, 43 sales outpaced 34 new listings, slightly reducing available stock from 4,998 active listings. The average price for the day hit a strong $683,272, notably higher than monthly and year-to-date averages, suggesting robust transactions in higher-value segments. Buyers eyeing specific properties should act decisively; desirable homes continue to move quickly, particularly in competitive segments.
MONTHLY TRENDS
So far in December 2025, Calgary has recorded 711 total sales. New listings, at 874, have outpaced sales, a common pattern during the winter months when buyer activity naturally decelerates. The month-to-date average price stands at $617,870. This dynamic contributes to a seasonal inventory build-up, especially noticeable in higher-density sectors, pushing conditions towards more balance. Sellers, particularly of row houses and apartment-style units, must price strategically to stand out amidst increasing inventory and slower buyer activity; precise valuation is key to attracting offers.
YEAR-OVER-YEAR CONTEXT
Looking at the broader picture, 2025 has been a year of remarkable growth, with 22,375 sales year-to-date and an average price of $629,136. While daily and monthly figures reflect a seasonal cool-down, broader trends from November 2025 indicate a 28% year-over-year increase in housing inventory, reaching 4,998 active listings. The Bank of Canada's decision on December 10, 2025, to hold the overnight rate at 2.25% provides macroeconomic stability. However, November also saw declining sales (down 13.6% YoY) and softening benchmark prices for semi-detached, townhouses, and apartments, signaling increased supply in those segments. This creates a 'Tale of Two Inventories': detached homes, especially under $700,000, remain tight, while higher-density sectors offer more selection, creating a 'Cautious Equilibrium' or 'Buyer's Opportunity'. Buyers now benefit from stable rates and increased selection, gaining leverage, particularly in the multi-family and townhouse segments. Detached home buyers, however, will still navigate more competitive conditions.
