Posted on
September 2, 2025
by
Lori Nitah
As summer winds down, Calgary’s housing market is showing signs of balance. Inventory levels are shifting, prices are adjusting, and the trends vary widely depending on the property type and district. Here’s a closer look at how each segment performed in August:
Detached Homes
Detached home sales eased to 995 units in August, while new listings climbed to 1,748 units. This kept the sales-to-new listings ratio below 60%, preventing any major inventory drop. In fact, detached inventory hit 3,051 units—the highest August level since 2020.
More supply has helped balance the detached market overall, but some areas are shifting more quickly than others. Districts like the North East, North, and East are now seeing buyer’s market conditions.
The unadjusted benchmark price for detached homes was $755,600 in August—down nearly 1% from both last month and last year. However, location matters: prices in the North East and East fell by about 5% year-over-year, while the City Centre reported prices over 2% higher than last year. Even with recent adjustments, year-to-date prices are still about 2% higher than 2023.
Semi-Detached Homes
Sales for semi-detached homes improved compared to last August but remain down 8% year-to-date with 1,557 sales so far in 2024. That said, sales are still stronger than long-term trends.
New listings slowed, pushing the sales-to-new listings ratio up to 67%, which kept inventory from climbing further. With supply sitting under three months, pricing has been more resilient than in other property types.
In August, the benchmark price was $687,200, down from July but still 1% higher than last year and almost 4% higher year-to-date. Once again, price performance depends on location: the City Centre saw the strongest growth, while the North East, East, and North districts reported the largest declines.
Row Homes
Row home sales slowed in August, contributing to a 16% year-to-date decline. While new listings eased slightly, overall they’ve been trending higher, pushing inventory up to 1,103 units. This is the second-highest August inventory on record, just below 2018 levels.
Even with more choice, months of supply only edged slightly above three—much more balanced than last year, but still tighter than the 6.4 months recorded in 2018.
Extra supply has been weighing on prices. The benchmark price for row homes fell to $439,600, marking the fourth straight monthly decline and nearly 5% lower than last August. Price drops were steepest in the North East, North, South, and East districts, where resale supply is high and new construction creates added competition.
Apartment Condominiums
Apartment sales also slowed in August, contributing to a 30% year-to-date pullback. While sales remain above long-term averages, they aren’t keeping pace with new listings. In August alone, there were 877 new listings but just 449 sales, keeping the sales-to-new listings ratio low at 51%.
Inventory remains elevated, with 1,979 active listings—the highest August level ever recorded. Months of supply have hovered around four since June, creating downward pressure on prices.
The benchmark price for condos dropped to $326,500, the fifth consecutive monthly decline and almost 6% below last year. Most of the supply is concentrated in the City Centre, where prices fell 5% year-over-year. The West district saw a 3% decline, while the North East experienced the sharpest drop—over 11%.
Takeaway
Calgary’s market is moving into a more balanced phase. Detached homes are showing the biggest signs of adjustment, while semi-detached homes remain relatively steady thanks to tighter supply. Row homes and condos, however, are feeling the weight of rising inventory.
For buyers, this shift means more options and negotiating power in certain districts. For sellers, pricing strategically is more important than ever as market conditions vary widely across property types and neighbourhoods.
👉 If you’d like a personalized breakdown of what these trends mean for your neighbourhood—or if you’re planning a move—reach out anytime. I’d love to help you navigate Calgary’s changing market.
