“Is Now the Right Time to Buy or Sell in Calgary? November Market Update”

The Calgary real estate market is showing its usual seasonal slowdown, but there’s some interesting activity happening, especially when looking at supply and pricing trends.

Sales and Listings

In November, Calgary saw 1,553 homes sold, compared to 2,251 new listings coming onto the market. This means about 69% of new listings sold, which is a healthy pace.

• Overall inventory is 5,581 units, which is 28% higher than last year and 15% above typical November levels.

• Much of the extra inventory is in row homes and apartment-style units, partly due to new developments adding more options to the market.

What This Means for Buyers

• More choices: Buyers looking for row homes or apartments have more options now.

• Better negotiating power: Prices for apartments and row homes have dropped 6–7% compared to last year, making it a good time to buy in these sectors.

• Detached homes remain balanced: Detached and semi-detached homes are still in a balanced market. Prices are only slightly down (2%) from last year, so buyers will still need to move quickly if they find the right property.

What This Means for Sellers

• Pricing matters: Sellers of apartments and row homes may need to price competitively due to higher supply and downward pressure on prices.

• Detached homes are more stable: Detached and semi-detached sellers are still in relatively balanced markets, especially in popular areas where demand remains steady.

Market Trends by Home Type

Home Type	Year-Over-Year Price Change	Current Benchmark Price	Months of Supply	Notes
Detached	-2%	$733,000	~3 months	Prices stable; balanced market
Semi-Detached	-1%	$671,700	~3.3 months	Year-to-date price growth ~3%
Row Homes	-6%	$424,400	~3.5 months	Extra supply causing price adjustments
Apartments	-7%	$309,300	~5.5 months	Oversupply; best deals for buyers

Key Takeaways for Investors

• Apartments and row homes: Higher inventory and falling prices could present opportunities for long-term investment, especially in areas with strong rental demand.

• Detached and semi-detached homes: More stable prices and balanced supply make these a safer option for buyers seeking steady appreciation.

• Watch supply trends: New developments continue to impact pricing, especially in the higher-density sectors.

Bottom Line

Calgary’s market is moving away from the intense seller’s market we’ve seen in previous years. Buyers now have more options and negotiating power, particularly in row homes and apartments. Sellers of these types should consider pricing strategically, while detached homes remain relatively stable and balanced.

Whether you’re buying, selling, or investing, understanding how supply and demand affect each property type is key to making smart decisions in Calgary’s current market.