What’s happening in the Calgary real estate market in September 2026?

Calgary’s housing market split along property-type lines in September 2026. Detached sales rose 4 per cent and semi-detached sales rose 5 per cent year over year, with prices holding close to flat. Apartment and row home sales fell, and their prices dropped 8 per cent and 6 per cent. City-wide, 1,650 homes sold, nearly matching August, and the total residential benchmark price sat at $566,700, down less than 1 per cent from last year. CREB® links the gap to a three-year construction boom concentrated in condos and townhomes.

By Steve Kabachia | October 5, 2026

September usually brings a seasonal pullback in sales. This year, it didn’t. Calgary recorded 1,650 sales, almost exactly what it posted in August, and the reason is detached homes. Detached buyers showed up in bigger numbers than last September, and that kept the overall market steady.

Look one level deeper, though, and the city is running two different markets. Detached and semi-detached homes are holding firm. Apartments and row homes are carrying almost all of the price pressure. Where you sit depends on what you own or what you’re shopping for.

The Big Picture: Steady Sales, Two Different Stories

City-wide, 1,650 homes sold in September, down 3.9 per cent from last year and nearly even with August’s 1,656. New listings fell 11.3 per cent year over year to 3,354, though they rose from August. That dropped the sales-to-new-listings ratio to 49 per cent, below August but above last September’s 45 per cent.

Total inventory sat at 6,486 units, down 6.3 per cent year over year. Months of supply came in at <span class=”stat”>3.93</span>, down slightly from 4.03 a year ago and essentially unchanged from August. Homes averaged 44 days on market, up from 42 last year, and sold at 97.4 per cent of list price. The unadjusted benchmark price came in at <span class=”stat”>$566,700</span>, down 0.8 per cent year over year and about 0.5 per cent below August.

That small monthly dip is mostly seasonal. CREB® noted that seasonally adjusted prices were relatively stable compared with August, and that unadjusted monthly declines are normal heading into fall.

Year-to-date, Calgary has logged 16,291 sales through September, down 10.5 per cent from the same point in 2025, on new listings down 9.7 per cent. The year-to-date benchmark price sits at $565,844, down 3.0 per cent.

Here’s the split in one comparison. Detached and semi-detached sales combined rose from 1,013 last September to 1,059 this September, a 4.5 per cent gain. Apartment and row sales combined fell from 703 to 591, a 15.9 per cent drop.

CREB®’s Chief Economist, Ann-Marie Lurie, explained where the gap comes from: “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.”

Detached: Sales Beat Last Year

Detached sales reached 896 units in September, up from August and 4.4 per cent higher than last year. New listings rose from August but were still down 9.4 per cent year over year at 1,726. More listings gave buyers more options, and buyers responded.

The sales-to-new-listings ratio came in at 52 per cent, and months of supply tightened to 3.31, down from 3.73 a year ago. That’s balanced territory city-wide. It varies a lot by area, though. The North West (2.86 months), West (2.73), and South (2.75) all sit below three months of supply, while the North East is close to six months at 5.61.

The benchmark price landed at $739,400, down 1.0 per cent year over year. CREB® attributed most of that decline to steep pullbacks in the oversupplied North East. By district, West (+2.7 per cent to $993,700) and City Centre (+0.7 per cent to $981,300) are the only detached districts above last year’s prices. North East is the softest at $556,600, down 6.0 per cent, followed by East (down 5.0 per cent) and North (down 3.8 per cent).

Detached homes sold at 97.9 per cent of list price in 38 days on average, the same pace as last September.

Semi-Detached: Flat Prices, More Listings

Semi-detached sales rose 5.2 per cent year over year to 163 units. That gain wasn’t enough to offset earlier declines, and year-to-date sales are still down 1.9 per cent at 1,678.

New listings were nearly flat year over year at 359, but a monthly jump in listings dropped the sales-to-new-listings ratio to 45 per cent and pushed months of supply to 3.67, close to four months. CREB® called this a shift from the tighter conditions semi-detached saw through most of 2026, and said it’s too early to tell whether that will continue into the final quarter.

The benchmark price came in at $685,200, up 0.1 per cent year over year and essentially unchanged from last September. Days on market stretched to 43, up from 37. By district, West (+1.5 per cent to $826,000) and North West (+1.3 per cent to $680,000) posted gains, while North East (down 6.0 per cent) and East (down 5.0 per cent) were the weakest.

Row and Townhouse: Supply Tops Four Months

Row sales eased to 248 units in September, down 18.2 per cent year over year. New listings rose from August, which dropped the sales-to-new-listings ratio to 45 per cent and lifted inventory slightly above last year’s level.

The result: months of supply climbed to 4.45, up 23 per cent year over year. According to CREB®, that’s the first time row supply has gone above four months since the beginning of the year. Competition from new units is part of the story. CREB® noted that the price gap between new and resale row homes remains relatively narrow, which gives buyers a real alternative to resale.

The benchmark price fell to $412,400, down 5.5 per cent year over year. Every district posted a decline. The steepest were in the East ($258,300, down 12.5 per cent) and North East ($326,100, down 11.9 per cent). The North West held up best, down 2.0 per cent to $434,000. Row homes averaged 50 days on market, up from 45 last year.

Apartment: Still the Most Oversupplied Segment

Apartment sales improved from August to 343 units, slowing the year-over-year decline to 14.3 per cent. Year-to-date, apartment sales are down 24.7 per cent. New listings fell 22.7 per cent year over year to 717, and inventory dropped 9.4 per cent to 1,816 units.

Even with fewer listings, months of supply sits at 5.29, the highest of any property type and slightly above last September’s 5.01. Days on market rose to 55, and apartments sold at 96.1 per cent of list price, the lowest ratio of any segment.

The benchmark price fell to $291,400, down 8.3 per cent year over year and 1.35 per cent below August. CREB® noted that some of the monthly decline is seasonal, but seasonally adjusted prices also kept falling. The East ($209,800, down 13.1 per cent) and North East ($249,500, down 13.1 per cent) saw the steepest declines, and North East apartment supply sits above 15 months. The West held up best, at $321,700, down 6.6 per cent.

The Top End: $1.3 Million and Up Keeps Climbing

Sales of homes priced over $1,000,000 rose from 156 last September to 176 this September, a 12.8 per cent increase. The gains were concentrated above $1.3 million: the $1.3 to $1.5 million range went from 25 to 31 sales, $1.5 to $2 million went from 25 to 33, and $2 million-plus more than doubled from 15 to 31. The $1.0 to $1.3 million band moved the other way, falling from 91 sales to 81.

District Watch: West Takes Back the Lead

Two districts posted total residential price gains year over year in September. West led at $721,200, up 1.7 per cent, driven mostly by its detached homes. City Centre was up 0.2 per cent to $573,100. That’s a change from August, when City Centre was the only district in positive territory and West had cooled.

The North West (down 0.2 per cent) and South (down 0.3 per cent) were close to flat. The North East posted the steepest decline at 6.1 per cent, to $461,200, followed by the East (down 4.7 per cent) and North (down 3.3 per cent).

Frequently Asked Questions

Is Calgary a buyer’s or seller’s market in September 2026?

It depends on the property type. City-wide, Calgary sits at 3.93 months of supply, which is balanced. Detached homes, at 3.31 months, are balanced and below three months in the North West, West, and South. Semi-detached is balanced at 3.67 months. Row homes, at 4.45 months, and apartments, at 5.29 months, are leaning toward buyers, with prices down 5.5 and 8.3 per cent year over year.

Are Calgary home prices going up or down in 2026?

Mostly flat to down, with a clear split by property type. The total residential benchmark is down 0.8 per cent year over year to $566,700. Detached is down 1.0 per cent to $739,400, and semi-detached is flat at $685,200. Row homes are down 5.5 per cent to $412,400, and apartment condos are down 8.3 per cent to $291,400.

Why are condo and townhome prices falling while detached prices hold?

According to CREB®’s chief economist, the construction boom of the past three years was concentrated in apartments and row homes. Detached homes didn’t see the same supply growth. Demand has stayed strong thanks to a stronger job market and positive net migration, but it hasn’t been enough to absorb all of the new higher-density supply, so those prices have taken the bigger hit.

Which Calgary district is performing best right now?

The West. Its total residential benchmark price is up 1.7 per cent year over year to $721,200, and West detached homes are up 2.7 per cent to $993,700. City Centre is the only other district with a year-over-year gain, at 0.2 per cent. The North East has the steepest decline, at 6.1 per cent.

How long does it take to sell a home in Calgary right now?

City-wide, homes averaged 44 days on market in September 2026, up from 42 a year ago. Detached homes moved fastest at 38 days. Semi-detached averaged 43 days, row homes 50, and apartment condos took the longest at 55 days. Your timeline will depend on your property, price point, and district.

September’s numbers make one thing clear: in Calgary right now, the type of home matters as much as the neighbourhood. Detached and semi-detached owners are in a steady, balanced market. Condo and townhome owners are competing with new construction and more choice for buyers, and pricing has to reflect that.

If you want to know what your home is worth in today’s market, at your actual address, the team offers a free, no-obligation home evaluation. If you’d also like the full breakdown of selling costs and timeline before you decide, that’s a good place to start too.

Book your free home evaluation here.

If you’re a buyer, this split works in your favour in some segments. Condos and townhomes have more supply and more room to negotiate than they’ve had in years. The team can walk you through where the opportunities are.

Book a free buyer consultation here.

About Steve Kabachia

Steve Kabachia is a Managing Partner at Len T. Wong & Associates – RE/MAX Complete Realty, serving Calgary and the surrounding communities of Airdrie, Cochrane, Okotoks, and Chestermere. With 10 years of experience specializing in move-up buyers, downsizers, luxury properties, and investment real estate, Steve brings the kind of straight talk his clients count on, whether they’re pricing a home to sell or navigating a complex purchase. He starts where you are and takes the journey alongside you. Connect with Steve at stevekabachia.com or reach him directly at 587-437-9017.