By Ryan Van Spengen, REALTOR® | Karakter Realty, brokered by Grassroots Realty Group
Published October 9, 2026 · Data Source: CREB® September 2026 Statistics, released October 1, 2026
Calgary sold 1,650 homes in September, essentially the same as August. That flat line is the news. September sales normally drop from August, and last year they fell from 1,986 to 1,716. This year detached buyers kept the total from following the usual pattern.
Detached sales reached 896, up 4.43% on last September and up from August, the strongest year-over-year detached result of 2026. New listings rose from August too, so buyers had more to choose from. The West, South and North West districts all finished the month under three months of supply.
Row homes and apartments went the other way. Row months of supply rose above four for the first time since the start of the year, and the apartment benchmark fell to $291,400, 8.28% below last September. Calgary is now two markets split by building type, and CREB's chief economist says that split comes down to where the last three years of construction went.
Calgary Snapshot, September 2026
$566,700
Benchmark Price
↓ 0.82% YoY · ↓ 0.54% vs August
1,650
Homes Sold
↓ 3.85% vs September 2025
3,354
New Listings
↓ 11.32% YoY · 49% sales-to-new-listings
6,486
Inventory
↓ 6.26% YoY · 3.93 months supply
The benchmark eased $3,100 from August to $566,700. CREB points out that prices usually dip in the fall, and that on a seasonally adjusted basis September prices were relatively stable against August. Against last September the citywide benchmark is down 0.82%, the smallest annual decline of 2026 so far.
Months of supply held at 3.93. A year ago it was 4.03, which makes September the first month of 2026 with months of supply below the same month of 2025. Inventory of 6,486 units is 6.26% below last September and has run below last year since June. Homes took 44 days to sell, two more than a year ago, and closed at 97.39% of list. Year to date, 16,291 sales against 18,194 last year, down 10.46%.
The Four Markets Inside Calgary's Market
Balanced
Detached Homes
$739,400
↓ 0.66% MoM · ↓ 0.95% YoY · 3.31 months supply
896 sales, up 4.43% on last September and up from August, in a month when detached sales usually fall. New listings rose to 1,726 and the sales-to-new-listings ratio climbed to 51.91%, while inventory of 2,968 sits 7.28% below last year. Sales over $1,000,000 rose to 148 from 124 a year ago, and sales under that line edged up too. Detached sold in 38 days at 97.90% of list. The North East, at 5.61 months of supply and 6.01% down on price, is the district pulling the citywide number lower.
Balanced
Semi-Detached Homes
$685,200
↓ 0.77% MoM · ↑ 0.09% YoY · 3.67 months supply
Still the only Calgary property type at or above last year's price. 163 sales, up 5.16% on last September, though year-to-date sales of 1,678 are 1.93% behind 2025. A jump in new listings to 359 pulled the sales-to-new-listings ratio down to 45.40% and pushed months of supply to 3.67, the loosest semi-detached reading of 2026. CREB says it is too early to tell whether that carries into the final quarter. The South ran at 2.50 months, the tightest semi market in the city.
Oversupplied
Row / Townhomes
$412,400
↓ 0.67% MoM · ↓ 5.54% YoY · 4.45 months supply
248 sales, down 18.15% from last September, against 552 new listings. Inventory of 1,103 is above both August and last year, and months of supply passed four for the first time since the start of 2026. CREB's explanation is new construction: new townhomes are priced close enough to resale that they pull buyers away. Prices fell in every district, by 12.53% in the East and 11.86% in the North East, and by 2.01% in the North West. Row homes took 50 days to sell.
Buyer's Market
Apartment Condos
$291,400
↓ 1.35% MoM · ↓ 8.28% YoY · 5.29 months supply
343 sales, down 14.25% from last September, a smaller decline than August's. New listings fell 22.65% to 717 and inventory of 1,816 is 9.38% below last year, which held months of supply at 5.29. Prices kept falling regardless, and CREB says the decline continued after seasonal adjustment. The benchmark is nearly 15% below the $341,300 peak of August 2024. Apartments took 55 days to sell at 96.10% of list, the slowest pace and deepest discount in the city.
"The variation in market conditions between property types is related to where the supply was added. The construction boom over the past three years was mostly driven by gains in higher-density sectors, significantly increasing the supply of apartment and row-style homes. Meanwhile, detached homes did not see the same boost in construction, preventing broad-based supply growth. Thanks to a stronger job market and slower but positive net migration, housing demand has remained strong enough to absorb some of the supply, but not enough to offset the high-density supply added to the market, resulting in a more significant impact on prices for higher-density homes.", Ann-Marie Lurie, CREB® Chief Economist, October 1 2026
What's Driving the Calgary Market in September 2026
Supply landed where the cranes were
CREB's explanation for September is construction. Three years of building went mostly into apartments and row homes, and that is where months of supply now runs highest: 5.29 for apartments and 4.45 for row. Detached homes did not get the same wave, so detached inventory of 2,968 is 7.28% below last year and detached months of supply is 3.31. The price gap follows the supply gap. Detached is 0.95% below last September. Apartments are 8.28% below.
Detached broke the seasonal pattern
September detached sales usually fall from August. In 2025 they dropped from 992 to 858. This year they rose to 896, helped by more new listings to choose from. The gain came from both ends of the price range: 148 detached sales over $1,000,000 against 124 last September, and 748 under $1,000,000 against 734. At the very top, detached sales over $2,000,000 more than doubled, from 14 to 31.
Citywide supply quietly improved
Months of supply sits at 3.93, unchanged from August and below last September's 4.03. That is the first month of 2026 with months of supply under the same month last year, and inventory has run below last year since June. Days on market and the sale-to-list ratio still moved against sellers, at 44 days and 97.39%. Better balance has not yet shown up in prices, and CREB notes that unadjusted prices often dip through the fall.
Detached prices are falling in three districts
North East detached ran at 5.61 months of supply on 88 sales and 494 listings, and its benchmark of $556,600 is 6.01% below last year. The East, down 4.99%, and the North, down 3.80%, are next. CREB attributes most of the citywide detached decline to those three districts. The West is up 2.69% at $993,700 on 2.73 months of supply, and the City Centre is up 0.72% at $981,300.
Same City, Eight Different Markets
Detached, every district, September 2026, sorted by supply.
Swipe for more columns →
District
Sales
New Listings
Inventory
Months Supply
Benchmark
YoY
West
85
163
232
2.73
$993,700
+2.69%
South
202
361
555
2.75
$709,400
−0.82%
North West
123
231
352
2.86
$781,400
−0.66%
North
138
235
440
3.19
$640,200
−3.80%
East
33
58
110
3.33
$476,200
−4.99%
South East
119
235
398
3.34
$698,900
−1.55%
City Centre
106
199
371
3.50
$981,300
+0.72%
North East
88
235
494
5.61
$556,600
−6.01%
Total City
896
1,726
2,968
3.31
$739,400
−0.95%
Detached homes, City of Calgary by district. Source: CREB® September 2026 City of Calgary Monthly Statistics Package.
The North moved the most in a month. It ran 4.10 months of supply in August and 3.19 in September, on 138 sales. The South East went the other way, from 2.99 months to 3.34. A district can shift by most of a month of supply in thirty days, which is why a seller's price should start from the district numbers and be checked again before listing.
Apartments, where the spread between districts is widest.
Swipe for more columns →
District
Sales
Inventory
Months Supply
Benchmark
YoY
West
38
148
3.89
$321,700
−6.62%
East
10
43
4.30
$209,800
−13.13%
South East
40
181
4.53
$309,100
−7.95%
South
44
203
4.61
$271,900
−9.22%
North
31
145
4.68
$298,400
−9.02%
North West
30
150
5.00
$274,900
−7.97%
City Centre
142
819
5.77
$297,900
−8.08%
North East
8
123
15.38
$249,500
−13.07%
Total City
343
1,816
5.29
$291,400
−8.28%
Apartment condominiums, City of Calgary by district. Source: CREB® September 2026 City of Calgary Monthly Statistics Package.
The City Centre had a better month. 142 sales against 110 in August cut its months of supply from 7.58 to 5.77, though it still holds 819 of the city's 1,816 apartment listings. The North East sits at the other extreme: 8 sales against 123 listings, 15.38 months of supply, and a benchmark 13.07% below last year.
What I'm seeing on the ground
September is the month the detached and condo markets in this city stopped looking like the same market. A detached seller in the West, South or North West is listing into under three months of supply, while detached sales citywide run ahead of last year. A condo seller anywhere outside the West is listing into more than four months of supply, and a City Centre condo is competing with 818 other listings.
What I'm telling detached sellers: October and early November still work. The jump in sales over $1,000,000 says upper-end buyers are active, but the North East and the West are moving in opposite directions, so the price has to come from the district.
What I'm telling condo and townhome owners: get a current number before deciding anything. The apartment benchmark has fallen five months in a row, and a 2024 valuation is close to 15% too high. If a sale is coming in the next year anyway, a plan built on today's number beats one built on a spring rebound. 403-998-4274.
Around Calgary: Airdrie, Cochrane, Okotoks, Chestermere
Softening
Airdrie
$505,800
↓ 0.59% MoM · ↓ 3.8% YoY · 4.17 months supply
115 sales, down 12.2% from last September, with year-to-date sales off 13.1%. New listings fell 27.8% to 213 and inventory dropped to 480 units, 16.2% below last year, but sales fell faster, so months of supply rose above four. Sales slowed in every property type as new homes and competing markets drew buyers away. Prices eased in every type, most of all in higher-density homes.
Supply Rising
Cochrane
$575,400
↑ from August · ↓ 0.4% YoY · 5.19 months supply
68 sales, up 9.7% on last September and 5.6% ahead year to date. New listings rose to 163, and new homes account for nearly 30% of this year's listings in Cochrane. The sales-to-new-listings ratio dropped to 42%, its lowest since January, and inventory of 353 units pushed months of supply to 5.19. Prices still rose from August and sit within half a per cent of last year.
Tight
Okotoks
$606,800
↓ 0.26% MoM · ↑ 0.1% YoY · 2.18 months supply
56 sales against 74 new listings, a 76% ratio, down from more than 80% in each of the previous two months. Inventory of 122 units leaves 2.18 months of supply, still the tightest market in the region. Competition from new homes and nearby markets weighed on prices earlier in the year, but the benchmark is now level with last September and only 1% lower year to date.
Buyer's Market
Chestermere
$690,200
↓ 1.03% MoM · ↓ 0.2% YoY · 5.73 months supply
51 sales, level with last September, against 135 new listings, a 38% ratio. Inventory of 292 units eased from August, which brought months of supply back below six from nearly nine. Heavy new construction in Chestermere and competing supply in Calgary have weighed on prices over the past few months, yet year-to-date prices are only about 1% below last year.
What This Means If You're Going Through a Life Transition
September opens the last stretch of the year before the December slowdown. Here is how the data lands on each situation.
Settling an estate: Beneficiaries need a value they can trust, and in 2026 that number depends heavily on property type. Detached values in the South, North West, South East and City Centre are within 2% of last September, and the West is up 2.69%. Apartments are 8.28% below last year and nearly 15% below the 2024 peak, and row homes are 5.54% lower. An executor holding a condo or townhome should document the value now and plan the sale around a market that is still adjusting.
Upsizing: September was a good month for this trade. Detached buyers over $1,000,000 had more listings to choose from, and sales at that level rose to 148 from 124 a year ago. If you are selling a detached home in a tight district and buying larger, you sell into scarcity and buy into selection. If the sell side is a townhouse or condo, the gap to a detached home has widened again this year, so the budget needs building around the current number.
Every transition is different, and the playbook is not off the shelf. If you want to know exactly where your property sits in this market, and what that means for your situation, let's talk.
Frequently Asked Questions, Calgary Real Estate, September 2026
What is the benchmark home price in Calgary in September 2026?
$566,700, down 0.54% from August and 0.82% below September 2025 (CREB, October 1 2026 release). CREB notes that seasonally adjusted prices were relatively stable against August. By type: detached $739,400, semi-detached $685,200, row $412,400, apartment $291,400.
How many homes sold in Calgary in September 2026?
1,650, essentially level with August and 3.85% below September 2025. New listings rose from August to 3,354 but were still 11.32% below last year. Inventory of 6,486 units held months of supply at 3.93. Year to date, Calgary has recorded 16,291 sales, 10.46% below the same point in 2025.
Why did detached sales rise in September 2026?
More choice. Detached new listings rose from August to 1,726, and buyers absorbed them: 896 detached sales, up 4.43% on last September, in a month when detached sales usually fall. Sales over $1,000,000 rose to 148 from 124 a year earlier, and sales over $2,000,000 more than doubled, from 14 to 31.
Is Calgary a buyer's market in September 2026?
For apartments and row homes, yes. Apartment condominiums ran at 5.29 months of supply and row homes at 4.45, the first time row has been above four months since the start of the year. Detached sat at 3.31 months and semi-detached at 3.67, both balanced. Within detached, the West, South and North West were under three months while the North East ran 5.61.
How far have Calgary condo prices fallen from their peak?
Nearly 15%. The apartment benchmark peaked at $341,300 in August 2024 and sat at $291,400 in September 2026, 8.28% below last September. It has fallen in each of the last five months, and CREB reports that seasonally adjusted apartment prices also continued to decline.
How long does it take to sell a home in Calgary right now?
44 days citywide in September 2026, two days longer than September 2025, at 97.39% of list price. By property type: detached 38 days, semi-detached 43, row 50, and apartment condominiums 55 days at 96.10% of list.
Should I list my Calgary home this fall or wait until spring?
For detached in the West, South or North West, the fall still works. Those districts are under three months of supply and detached buyers were more active in September than a year ago. For a condo or townhome, waiting has cost money in 2026: the apartment benchmark fell five months running and row months of supply rose above four. Get a current number before deciding.
Who should I call in Calgary for a life-transition sale?
Downsizing and upsizing moves and estate sales need a different structure than a standard transaction, from how the listing agreement is signed to how offers get communicated between parties. As a licensed Calgary REALTOR® with Karakter Realty, brokered by Grassroots Realty Group, that is the work Ryan is set up for. Call or text: 403-998-4274.
Know Exactly Where You Stand
A free, no-pressure market analysis for your Calgary home, specific to your property type, district, and situation.
Source: CREB® September 2026. Balanced range in Calgary runs roughly 2.5 to 4 months.
How 2026 Has Moved: January to September
Citywide months of supply (inventory divided by sales) and days on market, January to September 2026, using the monthly figures as revised in CREB®'s September 2026 package.
Data sourced from the CREB® September 2026 City of Calgary Monthly Statistics Package and Calgary Region Monthly Statistics Package, released October 1, 2026. Regional figures are total residential benchmark prices as reported by CREB® in the September release; month-over-month changes for the regional markets compare against the benchmarks CREB® reported for August. Months of supply in the trend chart is total inventory divided by total sales for each month, using the revised monthly figures in the September package. All benchmark prices are unadjusted CREB® composite benchmarks (MLS® HPI), not average or median sold prices. This report is for informational purposes only and does not constitute financial or investment advice. Ryan Van Spengen is a licensed REALTOR® with Karakter Realty, brokered by Grassroots Realty Group. CREB® and REALTOR® are registered trademarks of their respective owners.
