Calgary Market Rebalances: Inventory Rises, Prices Soften
THE DAILY PULSE
Calgary's real estate market began December 7th with a quiet pace, registering 17 sales against 16 new listings. This near one-to-one ratio, paired with a daily average price of $584,113, indicates a marginal daily draw on existing inventory, consistent with seasonal slowdowns. Buyers can engage thoughtfully, as the immediate urgency seen in prior months has eased; sellers, conversely, should anticipate less frenetic demand.
MONTHLY TRENDS
December to date shows a significant shift, with 323 sales against 440 new listings, pushing month-end inventory higher. The average price for homes sold this month is $615,849, notably lower than recent peaks. November saw a surge of 2,251 new listings compared to 1,553 sales, escalating total inventory to 5,581 units – 28% higher than last year and 15% above typical November levels. This contributed to a 4.2% month-over-month decrease in the average home price from October. Sellers face heightened competition; competitive pricing is now essential to stand out.
YEAR-OVER-YEAR CONTEXT
The year 2025 concludes with a robust 21,990 year-to-date sales, reflecting sustained market activity. However, the year-to-date average price of $629,296 stands against a nearly 5% year-over-year decline in the benchmark price reported in November. This softening aligns with an anticipated Bank of Canada decision on December 10th to hold the overnight rate at 2.25% after an October cut, signaling a period of rate stability. Buyers gain leverage from stable rates and broader selection, strengthening value propositions in a rebalancing market.
