Calgary Real Estate Market Update: October 2025

The Calgary real estate market is constantly changing. Fortunately, we're here to keep you up-to-date on everything that's going on. This seasonal update gives you the actual numbers that matter to buyers and sellers.

Calgary Real Estate Market Update: October 2025

As we move deeper into fall, Calgary's housing market continues the trends established in recent months. With inventory reaching levels not seen since 2020 and sales activity remaining subdued, the market has shifted to conditions that provide buyers with more selection and time for decision-making.

Let's examine the October statistics and what they indicate for both buyers and sellers navigating today's market environment.

October 2025 Market Snapshot - By the Numbers

• Benchmark price: $572,800 (down 4.0% from October 2024)
• Total sales: 1,720 homes sold (down 14.0%)
• New listings: 3,782 homes (up 2.6%)
• Inventory: 6,916 homes available (up 36.5%)
• Months of supply: 4.02 (up 58.7%)
• Days on market: 42 days average (up 50.9%)

The data continues to reflect a market with more supply than demand, creating conditions where buyers have broader selection and sellers face increased competition for buyer attention.

Market Dynamics: Understanding Current Conditions

With months of supply reaching 4.02—the highest level since early 2020—the market has transitioned to conditions that differ significantly from recent years.

Current Market Characteristics

• 6,916 homes available across all property types
• Sales-to-new-listings ratio at 45%, indicating moderate demand relative to supply
• Average days on market at 42, providing buyers adequate time for evaluation
• Inventory up 36.5% compared to last October, offering increased selection

Factors Influencing Activity

• Slower population growth affecting housing demand
• Increased competition from new home construction
• Additional rental market supply providing alternatives to purchasing
• Economic uncertainty affecting buyer decision timelines

Property Type Performance: October's Market Segments

Apartments: Elevated Supply Levels

The apartment sector shows the most pronounced shift in market conditions:

• Sales: 401 units (down 20.0%)
• Inventory: 1,999 units (up 23.2%)
• Days on market: 52 (up 57.6%)
• Benchmark price: $322,900 (down 6.4%)

Months of supply has reached nearly 4 months for apartments, the highest level since 2021. Price adjustments have been most significant in the North East district, experiencing a decline exceeding 6% year-over-year.

Row Houses: Supply Growth Impact

Row houses reflect similar supply dynamics:

• Sales: 304 units (down 19.1%)
• Inventory: 1,099 units (up 46.3%)
• Days on market: 44 (up 76.0%)
• Benchmark price: $437,100 (down 4.8%)

The increase in available inventory has pushed months of supply to nearly 4 months, with inventory gains most pronounced in the North East district.

Detached Homes: Moderate Adjustments

Detached properties show more moderate year-over-year changes:

• Sales: 859 units (down 8.8%)
• Inventory: 3,201 units (up 38.2%)
• Days on market: 38 (up 40.7%)
• Benchmark price: $749,900 (down 1.0%)

Months of supply for detached homes has risen to 3.73 months. Price adjustments remain localized, with the North East and East districts experiencing declines exceeding 6% year-over-year, while year-to-date prices remain approximately 2% higher than last year.

Semi-Detached: Stable Performance

Semi-detached properties demonstrate relative stability:

• Sales: 156 units (down 13.8%)
• Inventory: 617 units (up 63.2%)
• Days on market: 37 (up 48.0%)
• Benchmark price: $684,800 (up 0.9%)

Despite rising inventory levels pushing months of supply to 3.96 months, benchmark prices have remained relatively steady, with year-to-date growth exceeding 3%—the highest among all property types.

Geographic Analysis: District-by-District Performance

Price trends vary across Calgary's districts:

• East: $409,000 benchmark (down 6.5%)
• North East: $485,000 benchmark (down 7.9%)
• North: $534,900 benchmark (down 6.0%)
• South East: $563,800 benchmark (down 3.2%)
• South: $569,100 benchmark (down 3.7%)
• City Centre: $576,800 benchmark (down 4.4%)
• North West: $633,200 benchmark (down 2.1%)
• West: $707,300 benchmark (down 2.3%)

North East and East districts continue to experience the most significant year-over-year adjustments, while West and North West districts show more modest changes. City Centre demonstrates strong year-to-date performance for detached properties, with gains exceeding 4%.

Understanding Sales Activity Patterns

October's sales patterns reflect several market realities:

• Total sales of 1,720 units represent a 14.0% decline year-over-year
• Sales volume has not kept pace with the 3,782 new listings entering the market
• The sales-to-new-listings ratio of 45% indicates measured buyer activity
• Seasonal factors typical for fall are influencing market pace

Market Considerations for Buyers and Sellers

For Buyers

• Increased inventory provides broader selection across property types and price ranges
• Extended average days on market allows more time for property evaluation and due diligence
• Conditions support the ability to include conditions in offers where appropriate
• Different property types and districts are experiencing varying levels of price adjustment

For Sellers

• Higher inventory levels mean increased competition for buyer attention
• Strategic pricing aligned with current market conditions is important
• Professional marketing and presentation can help properties stand out
• Understanding district-specific trends aids in setting realistic expectations
• Some property types are experiencing longer selling timelines than in previous years

Looking Ahead: Factors to Monitor

Several elements will influence market direction in coming months:

• Seasonal patterns as we approach winter and look toward spring 2026
• Interest rate environment and its influence on buyer affordability and confidence
• Employment trends and economic conditions in Calgary and Alberta
• Population growth patterns and migration trends
• New construction completion rates and inventory levels

The Bottom Line

October's market statistics confirm the continuation of trends established in recent months. With 4.02 months of supply—the highest level since early 2020—and inventory up 36.5% year-over-year, market conditions have shifted to provide buyers with more selection and time for decision-making.

Price adjustments vary by property type and location, with apartments and row houses experiencing more pronounced changes, while detached and semi-detached properties show more moderate adjustments. Geographic differences remain significant, with North East and East districts seeing larger year-over-year price changes compared to West and North West areas.

Both buyers and sellers benefit from understanding current market dynamics and working with professionals who can provide guidance specific to their property type, location, and individual circumstances. As we move through fall and toward winter, monitoring these trends will help inform timing and strategy decisions.

Whether buying or selling, professional guidance matters more than ever in navigating these changing conditions.

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