Calgary Inventory Rises as Sales Slow, Prices Moderate

THE DAILY PULSE

Calgary's real estate market on December 12, 2025, observed 86 new listings enter, significantly outpacing the 45 sales recorded. Current active listings now stand at 5,287. The daily average price registered at $608,103. This trend signals an expanding inventory and reduced market urgency, shifting power towards buyers and potentially extending sales timelines.

MONTHLY TRENDS

For December month-to-date, total sales sit at 518 against 683 new listings, continuing the inventory build-up observed in November. The month-to-date average price is $616,031, reflecting a broader trend of price moderation. November data confirmed this trajectory, with inventory levels 28% higher year-over-year and 15% above typical figures, particularly in higher-density housing. Sellers must recognize this evolving competitive landscape; realistic pricing and strategic marketing are now critical, especially for apartment and row home segments where supply is most elevated.

YEAR-OVER-YEAR CONTEXT

Despite recent cooling, 2025 has seen 22,183 sales year-to-date, with an average price of $629,178. However, the market has shifted, with November's overall benchmark price declining by 5% year-over-year to $559,000. This moderation is not uniform; apartment and row home sectors have seen more significant year-over-year price declines (around 7% and 6% respectively in November), while you detached homes have shown more modest adjustments. Canadian mortgage rates, while still elevated (e.g., 5-year fixed around 5.84-6.05%), have seen minor downward adjustments recently, slightly easing borrowing costs. The current environment, characterized by increased inventory, moderating prices, and stable-to-slightly-dipping interest rates, presents a more favorable landscape for buyers. There's greater choice and less pressure, making this winter an opportune time to explore options, particularly in high-density sectors.