Real Estate
NEWSLETTER

Peter Kusch

Tel.: 403-990-7990 

 November 2025

PACE OF NEW LISTINGS GROWTH SLOWS

Inventory levels eased in October as new listings declined and sales increased. With 6,471 units and 1,885 sales, supply dropped to 3.5 months from 4 in September. Row and apartment properties still exhibit a higher supply relative to demand, while the detached and semi-detached markets remain balanced. Year-to-date sales hit 20,082 — down 16% from last year but consistent with long-term trends, mainly due to slower apartment and row sales. The worrying sign is that half of the active listings are vacant.

Detached

October sales rose to 1,012 units, up from last month but 5% below last year. With 1,593 new listings, the sales-to-new-listings ratio climbed to 64%, and inventory fell to 2,913 units—still slightly above long-term norms. Supply remains just under three months, keeping conditions balanced. However, some areas show buyer’s market trends, pulling the detached benchmark price down 1% to $744,400.

Semi-Detached

Sales rose while new listings slowed, pushing the sales-to-new-listings ratio to 57%. With 186 sales and 613 units in inventory, supply sits just over three months—above last year but down from September. Greater inventory has softened prices recently, though the October benchmark of $683,100 remains 1% higher year over year and up over 3% year to date.

Row

October saw 275 row sales, bringing the year-to-date total to 3,412—down 17% from last year but still above long-term trends. Rising new listings pushed inventory to a record 1,054 units, 32% above average, keeping supply near four months. More options have pressured prices, with the October benchmark at $431,200—down 1% from last month and 6% below last year, leaving year-to-date prices 1.5% lower.

Apartment

Fewer new listings helped stabilize inventory, but with 1,891 units and 412 sales, supply stayed high at nearly five months. Apartments have faced buyer’s market conditions for six months, pressuring prices. The October benchmark fell to $318,200—down 1% from last month and 7% year over year, with year-to-date prices nearly 2% lower.



 The average number of days on the market (Calgary Metro)



Average days on the market in 

November 2025

Average days on the market in 

November 2024


Detached  


3732


Apartment


5235


Semi-detached


3928


Row


5031


Median price (Calgary Metro)



Median price in  

November 2025

Median price in

November 2024

Percentage change


Detached


$744,400

$753,900

-1%


Apartment


$302,250

$315,000

-4%


Semi-detached


$574,000

$623,875

-8%


Row



$429,500


$437,500


-2%


The median price is where half sell for more and half for less.



Months of supply (Calgary Metro)

January 20232.04
February 20231.58
March 20231.33
April 20231.20
May 20231.03
June 20231.10
July 20231.32
August 20231.19
September 20231.38
October 20231.47
November 20231.67
December 20231.34
January 20241.30
February 20241.10
March 20240.95
April 20240.94
May 20241.10
June 20241.38
July 20241.75
August 20242.05
September 20242.53
October 20242.28
November 20242.42
December 20242.26
January 20252.51
February 20252.41
March 20252.39
April 20252.62
May 20252.62
June 20253.04
July 20253.30
August 20253.35
September 20254.02
October 20253.43


Source: Calgary Real Estate Board
Calgary Metro-within Calgary City Limits

Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.