Calgary Housing Market Update: July 2026
Sales cooled and prices eased slightly, but the real story for buyers is time and choice returning to the market.
In July 2026, Calgary’s benchmark home price was $569,200 — down about 2% from a year ago and down 0.6% from June. Sales fell to 1,904 (down roughly 9% year-over-year), homes took about 40 days to sell, and inventory sat at 3.5 months of supply — still a balanced-to-seller market overall. Detached homes are holding value best; condos and townhomes are where buyers have the most room to negotiate.
July 2026 at a glance
Calgary’s housing market took a quieter turn in July. Sales slowed, fewer new listings came to market, and the benchmark price dipped for a second straight month. None of that points to a market in trouble — it points to a market that has settled into a calmer, more balanced rhythm than the frenzied pace of a couple of years ago. For buyers, that shift matters: homes are taking a little longer to sell, which gives you more time to compare properties, run the numbers properly, and include the conditions that protect you in an offer.
A decade of Calgary prices
The headline numbers
| Metric | July 2026 | vs prev month | vs last year |
|---|---|---|---|
| Benchmark price | $569,200 | ▼ -0.6% | ▼ -2% |
| Sales | 1,904 | ▼ -13.3% | ▼ -9.2% |
| New listings | 3,323 | ▼ -14.8% | ▼ -15% |
| Inventory | 6,626 | ▼ -2.5% | ▼ -4.2% |
| Days on market | 40 | ▲ +3 days | ▲ +3 days |
A look by property type
| Property type | Benchmark | vs last year | Sales | Days on mkt |
|---|---|---|---|---|
| Detached | $743,900 | ▼ -1.9% | 1,012 | 33 |
| Semi-detached | $691,000 | ▼ -0.3% | 198 | 36 |
| Row / townhouse | $418,500 | ▼ -6.1% | 286 | 44 |
| Apartment condo | $297,600 | ▼ -8.4% | 408 | 54 |
Are Calgary home prices going down?
Modestly, yes — but it’s a gentle easing, not a crash. The city-wide benchmark price of $569,200 is down 0.6% from June and about 2% below where it sat a year ago. After the sharp run-up of 2021–2023 and the further climb through 2024, prices have flattened and are now drifting slightly lower as demand cools and buyers regain the upper hand.
The bigger change is pace. Sales of 1,904 were down about 13% from June and roughly 9% below last July. New listings fell even faster, so inventory actually edged down to 6,626 homes — leaving the market at about 3.5 months of supply, still in balanced-to-seller territory rather than a buyer’s free-for-all.
Where the opportunities are for buyers
The city-wide number hides an important split: detached homes are holding their value far better than condos and townhomes, which is exactly where first-time buyers tend to look.
At a $743,900 benchmark, detached homes are down less than 2% from a year ago and still sell in about a month — so if you’re competing for a single-family home, don’t assume the softer headlines mean you can lowball. Row/townhouses ($418,500 benchmark) are down about 6% year-over-year, and apartment condos ($297,600) are down more than 8%, with condos now averaging 54 days on market. For first-time buyers and investors, that combination of lower prices and more patient sellers is a genuine opening.
What this means if you’re buying in Calgary
A slower market is not a worse market to buy in — for many buyers it’s a better one. You have more time to make a decision, more room to negotiate, and less pressure to waive the conditions that keep you protected.
The key is knowing exactly what you can afford before you start, so you can move with confidence when the right home appears. Where prices sit is only half the affordability equation; your mortgage rate is the other half. Getting a current rate and a pre-approval before you shop tells you your real budget in today’s market.
Frequently asked questions
Thinking about buying in Calgary?
Let’s figure out your numbers before you start looking — so you know exactly what you can afford in today’s market.
Try our mortgage calculator →Ready to start? Apply online in minutes
Source: CREB, July 2026 (Calgary geography). Prices shown are benchmark values. Month-over-month compares to the prior month; year-over-year to the same month last year. The board may revise past months as late sales are recorded. Prepared by Mortgages for Less.
