Calgary's Housing Market Has Shifted! | September 2025 Market Update

The Calgary real estate market has officially entered a new phase. For the first time in a long time, we're seeing a balanced market , but it comes with the largest year-over-year price declines of 2025. In this September 2025 Calgary housing market update, we're diving deep into the data that shows this massive shift.

Are you thinking of buying a home in Calgary? Or maybe you're considering selling? The latest statistics reveal a significant change you need to know about. We'll break down the numbers, including a 4.1% drop in the benchmark home price year-over-year , a surge in housing inventory , and what a 3.3 months of inventory (MOI) figure really means for you. Sales are at their slowest pace for August since 2020 , while active inventory continues to climb. This detailed analysis covers all the critical trends, stats, and local insights for the Calgary real estate market this month. Stick around to find out if this is the buying opportunity you've been waiting for or if sellers need to adjust their strategy in 2025.

Calgary Real Estate Market Stats - September 2025

Sales: Home sales reached 1,989 units , which is a 7.7% decrease compared to the five-year average. This marks the slowest August for sales since 2020.

Benchmark Price: The benchmark price is now $577,200 , representing a year-over-year decline of 4.1%. This is the largest year-over-year price drop in 2025, and prices have been declining since April.

Months of Inventory (MOI): The MOI now sits at 3.3 , which officially puts the Calgary market into balanced territory.

Active Inventory: The number of homes for sale has climbed to 6,661 , a significant 34.3% above the five-year average.

New Listings: There were 3,478 new listings , up 17.8% from the five-year average. However, this was the first time in 2025 that new listings saw a decline compared to the previous year.

This is the Bald Prairie Real Estate quick look at the Calgary Alberta real estate market for September 2025.

Link to the full video:    • Canadian Real Estate Market Updates  

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