August Housing Market Update

By Ali Larsen

Learning to play with AI!! What do you think??

Calgary Market Overview

Supply growth is shifting Calgary’s market, with the biggest price declines in apartments and rows. Detached and semi-detached remain steadier. August’s benchmark price was $577,200, down 4% year-over-year. Sales slowed 9% to 1,989, while inventory hit 6,661—the highest August since 2019—pushing months of supply to 3.4.

Detached

995 sales, 1,748 new listings. Benchmark $755,600, down ~1% month-to-month and year-over-year. Largest drops in NE/East (-5%); City Centre up 2%.

Semi-Detached

Sales stronger than last August, but YTD still down 8%. Inventory tighter; months of supply under 3. Benchmark $687,200, down from July but 1% higher than last year. Gains in City Centre; declines in NE/East/North.

Row

Sales slowed; inventory 1,103 (2nd highest August ever). Benchmark $439,600, down 5% year-over-year and 4 months of consecutive declines. Sharpest drops in NE, North, South, East.

Apartment

449 sales vs. 877 new listings; inventory 1,979 (record August). Benchmark $326,500, down 6% year-over-year, 5th straight decline. NE down 11%, City Centre down 5%.

Regional

Airdrie:
152 sales, 265 new listings. Inventory 535. Benchmark $531,100, down 4% year-over-year. Want more detailed information about your community? Message me! 🙂

Cochrane
70 sales, 139 listings, 4+ months supply. Prices stable at $589,100, up 2% year-over-year. Want more detailed information about your community? Message me! 🙂

Okotoks
Sales steady, listings low, inventory 116. Prices dipped monthly but remain 2% higher YTD.

Calgary Real Estate Board Economic Analysis

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Ali Larsen

Airdrie & Calgary Real Estate Expert