Calgary home prices are slipping as inventory levels continue to climb
If you’re looking to buy property in the city, now might be the time to buy. Calgary home prices are falling across the city, and inventory levels are continuing to rise.
The Calgary Real Estate Board (CREB) just released its November 2025 housing report, and it looks like the housing market is still on a cool-down as we head into the winter months.
The city’s benchmark price has fallen by 4.6 per cent year-over-year to $559,000, while inventory has seen a 28.2 per cent year-over-year increase to a total of 5,581 for the month of November.
Calgary Real Estate Board
“Supply levels have been sitting higher than typical levels for the past three months, mostly due to the gains occurring in the higher-density sectors of row and apartment style units,” said Ann-Marie Lurie, CREB’s chief economist, in the report.
Detached homes recorded a benchmark price of $733,000, a 2.1 per cent year-over-year decrease, while apartments fell 7.2 per cent year-over-year, down to $309,300, and row-style homes followed, seeing a 6.2 per cent decrease and are currently sitting at a benchmark price of $424,400.
Calgary Real Estate Board
Due to the surge in inventory, Calgary’s months of supply is currently at 3.59, meaning it would take over three months to sell all of the homes on the market, almost a 50 per cent increase from this time last year.
Sales and new listings were down in Calgary this month. There were only 1,553 sales in November, a 13.4 per cent decrease from November last year. New listings were down 3.3 per cent, at 2,251. This caused Calgary’s sales-to-new-listing ratio to improve to 69 per cent.
Detached homes saw the most significant sales-to-new-listing ratio in November at 77 per cent. 823 sales were met with 1,075 new listings.
You can view the CREB’s full November 2025 report online.