Peter Kusch

Detached

Calgary's detached housing market remained balanced in July despite slower activity. Sales declined nearly 2% year-over-year to 1,012 units, while new listings fell 9%, keeping inventory below last year's levels. Months of supply increased to nearly three months, ranging from under two months in the West District to over five months in the North East. The benchmark detached home price eased to $743,900, down nearly 2% from last July. Prices remain well above pre-2024 levels, although trends vary by district. City Centre and the West posted annual gains, while the North East recorded the largest decline at nearly 6%.

Semi-Detached

Calgary's semi-detached market remained balanced in July. Sales were in line with last year, keeping year-to-date activity consistent with 2025. Although new listings declined in July, supply remains relatively tight, with a sales-to-new-listings ratio near 60% and less than three months of inventory. The benchmark price was $691,000, down slightly from June but unchanged from last year. Prices have remained stable overall, though market conditions vary by district. The West District posted the only year-over-year price gain, while the North East shifted into buyers' market conditions with the largest price declines.

Row

Calgary's row home market continued to slow in July, with sales declining for the third consecutive month and year-to-date sales down 15%. New listings have also eased, keeping the sales-to-new-listings ratio above 55%, but inventory remains elevated compared with long-term trends. Slower sales pushed the months of supply to close to 4, limiting further price growth. The benchmark price declined to $418,500, down from June and 6% below last year’s level. Increased competition from new home construction continues to pressure resale row home prices.

Apartment