Calgary Market Shows Daily Inventory Tightening Amid Broader Balance
Calgary's real estate market on December 15th saw daily sales slightly outpace new listings, signaling immediate absorption, while broader trends suggest a more balanced environment with elevated supply, especially in high-density sectors.
THE DAILY PULSE
Calgary's real estate market on December 15th saw 38 sales, slightly outpacing the 36 new listings for the day. This swift absorption, reflected in current active listings of 5,073 units and a daily average price of $620,908, indicates immediate demand. Properties are being absorbed steadily, even in a traditionally quieter period. Buyers need to move decisively on desired properties as inventory is quickly picked up, while sellers can expect steady interest for strategically listed units.
MONTHLY TRENDS
The first half of December (1st-15th) defied typical seasonality with 668 total sales, slightly behind 840 new listings. The month-to-date average price stands at $613,661, showing some moderation after earlier gains. While the overall months of supply in November was 3.6 months (considered balanced), higher-density sectors like apartment and row homes exhibit increased supply, pushing apartment benchmark prices down 7% year-over-year. Sellers of detached and semi-detached homes can still command strong interest with strategic pricing. However, those listing apartment or row homes must prepare for increased competition and potential price adjustments due to elevated supply.
YEAR-OVER-YEAR CONTEXT
2025 has been a year of sustained activity with 22,332 year-to-date sales and a year-to-date average price of $629,032. Despite this, overall inventory remains 28% higher than last year, driven largely by Calgary's robust population growth which consistently fuels demand. Mortgage rates show relative stability, with the 5-year fixed at 4.71% and the variable rate at 4.28%. This backdrop contributes to a less frenzied market, shifting towards a 'Balanced Buyer's Advantage' in certain segments. Buyers now benefit from increased choice, particularly in the apartment and row home sectors where negotiating power is improving. While detached properties remain sought-after, the overall market shift towards balance, supported by stable rates and a robust economy, sets up a more accessible environment for future purchases, pointing to a solid 2026 outlook for affordability.
