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Friday Jan 9, 2026
Overall Calgary Market — Inventory Down, Serious Buyers Still Swinging
The Christmas hangover is real. Active listings are down to 3,636, and sales in the last 30 days hit 906, putting the overall market at 4.0 months of supply. That’s not panic-buying territory — but it’s definitely not sleepy either.
The market is still doing what Calgary does best: moving fastest where affordability meets livability. The $400K–$700K bands dominate both listings and sales, while luxury remains selective and patient. Buyers are active, but picky. Sellers still have leverage — just not permission to be lazy.
Detached Homes — Still the Backbone of the Market
Detached homes continue to carry the city on their shoulders. With 1,438 active and 469 sold, detached is running at 3.1 months of supply, firmly seller-friendly.
The action is concentrated where you'd expect:
$500K–$700K is a conveyor belt — steady sales, consistent demand
$400K–$500K shows a strong 65% absorption
Even $1M–$1.5M moves better than winter pessimists expect
If you're selling detached and priced close to reality, buyers are still showing up. If you're buying detached, hesitation remains the most expensive mistake on the table.
Condo Market — Selection is High, Discipline Wins
Condos are sitting at 5.4 months of supply, and that number matters. With 1,202 active and 221 sold, this is clearly where buyers have leverage — but only if they know how to use it.
The market splits cleanly:
$100K–$300K remains the engine room — volume, activity, and momentum
$300K–$500K requires sharp pricing
Above $500K, sellers are competing hard for attention
Condos reward preparation. The good ones move. The rest become long-term residents of the MLS.
Townhomes — Quiet, Consistent, Underrated
Townhomes continue to punch above their weight. With 636 active, 135 sold, and 4.7 months of supply, this segment keeps delivering steady absorption without drama.
The sweet spot is obvious:
$300K–$500K does most of the work
$500K–$600K still moves with realistic pricing
Over $700K, enthusiasm fades fast
Townhomes remain Calgary’s pressure-release valve — space, function, and value when detached gets out of reach.
What This Time of Year Means for Buyers, Sellers, and Investors
January doesn’t lie — it filters.
Buyers:
Less noise. Less competition. More motivated sellers. If you’re prepared, winter gives you leverage spring never will.
Sellers:
Your audience is smaller, but sharper. Price it right, present it properly, and you’ll still get action. Price it emotionally and you’ll be relisting in March.
Investors:
This is reconnaissance season. The best deals of spring are spotted now — below trend, below range, or below motivation. The data already shows where the cracks are forming.
Calgary doesn’t pause. It just gets more honest in winter.
