What happened this month
Calgary’s total residential benchmark price came in at $569,200 for July 2026, down about 0.6 per cent from June’s $572,500. That is the first monthly decline since January, and it ends a run of five consecutive monthly gains that had carried the benchmark up from a winter floor of $554,400. Year over year the number is down 2.05 per cent against $581,100 in July 2025.
The volume figures fell harder than the price did. Sales of 1,904 were down 9.2 per cent year over year, and new listings of 3,323 were down 15 per cent, the largest move in the citywide totals. Inventory finished at 6,626, down 4.2 per cent. Months of supply rose to 3.48 from 3.30 a year ago, which is worth reading carefully: months of supply is inventory divided by sales, and it rose here because sales fell faster than inventory did, not because listings piled up. Both halves of the fraction went down. Homes took 40 days to sell against 37 a year earlier, and the citywide sale-to-list ratio eased to 97.69 per cent from 98.04 last July.
The story this month is that the detached market softened for the first time this year. For most of 2026 the split has been detached strength against apartment weakness, and the detached side has been the part holding the citywide number up. In July the detached benchmark fell 0.88 per cent month over month to $743,900, six of the eight districts posted a month-over-month decline in detached prices, and detached is now down 1.87 per cent year over year.
Two things stop that being a regime change, and both belong in the same breath. Detached months of supply rose from 2.49 in June to 2.90 in July, which sounds like a turn, but it sat at 2.99 in July 2025, so detached supply is actually a shade tighter than it was a year ago. And detached sales fell only 1.65 per cent year over year against 9.2 per cent citywide. CREB reads conditions in the detached and semi-detached sectors as still mostly balanced, and the monthly rise is at least partly the ordinary summer slowdown. What changed in July is the price direction, not the supply picture.
Detached is still in a far better position than apartments at 4.90 months of supply and a benchmark down 8.37 per cent, or row homes at 3.90 months and down 6.10 per cent. Semi-detached is the flattest segment in the city at $691,000, down just 0.30 per cent on the year. But a seller working from a spring comparable should know the direction has changed.
The district detail is where the exceptions live. West district detached and City Centre detached are the only two detached markets in Calgary up year over year, the West at $1,003,800 and plus 2.31 per cent, City Centre at $992,000 and plus 0.91 per cent. The West carries 1.96 months of supply, the tightest detached figure in the city. Everywhere else is negative on the year: North East detached down 6.03 per cent with 5.11 months of supply, North down 4.93 per cent, North West down 3.52 per cent, East down 3.47 per cent, South East down 3.05 per cent, and South down 1.42 per cent. The West also carries the only semi-detached market up on the year, at $839,400 and plus 1.75 per cent. Apartment declines were steepest in the East and North East, both down more than 13 per cent, against a milder 7.72 per cent in the West.
One qualifier on the West. Its year-over-year strength is real, but its benchmark fell 2.07 per cent month over month in July, the second-steepest monthly decline among detached districts behind the North West at 2.64 per cent. A single month is not a trend, and 1.96 months of supply is not a market with a supply problem. It is worth watching rather than worrying about.
Community spotlight
The table below summarizes trailing twelve-month activity for ten representative SW and West Calgary communities: median sold price, average days on market, and sale-to-list ratio. These are all-property-type medians, so they include detached, semi-detached, row, and apartment sales in whatever proportion each community’s housing stock dictates. The median price shows where a typical transaction landed over the past year, while days on market and sale-to-list describe how balanced conditions have been.
| Community | Median sold price | Avg days on market | Sale-to-list |
|---|---|---|---|
| North Glenmore Park | $1,129,900 | 38 | +0.9% |
| Altadore | $1,112,400 | 32 | -1.7% |
| Discovery Ridge | $947,500 | 34 | -1.5% |
| Lakeview | $925,000 | 31 | +0.2% |
| Aspen Woods | $890,000 | 36 | -1.8% |
| Killarney-Glengarry | $830,000 | 35 | -1.6% |
| Christie Park | $782,500 | 27 | -1.3% |
| West Springs | $768,500 | 32 | -1.3% |
| Signal Hill | $670,450 | 31 | -1.6% |
| Glamorgan | $445,000 | 38 | -2.4% |
Source: Pillar9 sold-comp data, City of Calgary residential, sales closing between 4 August 2025 and 4 August 2026 (n = 1,329 across the ten communities). Sale-to-list compares sold price to list price.
Christie Park is new to this table, replacing Wildwood, and it earns the spot on timing rather than price. At 27 average days on market it is the fastest-moving community in the set by four days, and its sale-to-list of -1.3 per cent is among the tightest. That average carries the same caveat as the one below it: Christie Park’s median sale took 20 days, which is mid-pack here rather than fastest, and a long tail of slow sales is what separates the two figures. It is also the smallest market in the table at 34 sales over the year, so treat all of it as a description of a thin market rather than a precise benchmark, and read the Christie Park community guide for what actually trades there.
North Glenmore Park and Lakeview are the only two communities in this set with a positive average sale-to-list, at plus 0.9 and plus 0.2 per cent, and that average deserves a caveat rather than a headline. In both communities the median sale still closed below list, at -1.7 per cent in North Glenmore Park and -1.2 per cent in Lakeview. A handful of over-list sales pull the average positive. So the honest reading is not that these are bidding-war markets, it is that they are the only two in the set where any meaningful number of homes cleared asking. Both are heavily detached, 78 and 82 per cent respectively. The rest of the set clusters between -1.3 and -2.4 per cent on the same average basis. These are directional snapshots rather than precise benchmarks: each community carries a different mix of detached, semi, row and apartment stock, which shapes how its median moves.
12-month benchmark trend
The chart below traces Calgary’s total residential benchmark price from August 2025 through July 2026. The decline through autumn 2025 was steady rather than steep, a floor formed near $554K in December and January, prices recovered modestly for five consecutive months, and July is the first month since that recovery began to give some of it back.
| Month | Benchmark price |
|---|---|
| 2025-08 | $576K |
| 2025-09 | $571K |
| 2025-10 | $566K |
| 2025-11 | $559K |
| 2025-12 | $555K |
| 2026-01 | $554K |
| 2026-02 | $561K |
| 2026-03 | $566K |
| 2026-04 | $569K |
| 2026-05 | $571K |
| 2026-06 | $573K |
| 2026-07 | $569K |
What this means for buyers
If you are shopping detached in the West district, conditions loosened slightly but not enough to change your approach. Supply there is 1.96 months, still the tightest detached figure in the city, and detached homes citywide are averaging 33 days on market. The West benchmark is up 2.31 per cent year over year even after a soft month. Being pre-approved and ready to act inside 48 hours remains sound practice, and the 3.48 months citywide figure does not describe the market you are actually shopping in.
Elsewhere in detached, you have more room than you did in the spring. Detached supply citywide moved from 2.49 to 2.90 months, though it is still a shade tighter than the 2.99 of a year ago, six of eight districts saw prices ease month over month, and the North East sits at 5.11 months with prices down 6.03 per cent on the year. The East is at 4.80 months. Those are buyer’s-market numbers in a property type that spent the first half of the year in seller’s territory.
If your target is an apartment or a row home, the leverage is unchanged and substantial. Apartment supply is 4.90 months with prices down 8.37 per cent year over year, and apartments are taking 54 days to sell against 33 for detached. Row homes sit at 3.90 months and are down 6.10 per cent. You have room to ask for an inspection, a reasonable possession date, and a price below list. The citywide average of 40 days masks a 21-day gap between the fastest and slowest property types, so ask for the days-on-market figure for your specific type and district rather than the headline.
What this means for sellers
Detached sellers should reset against July rather than against spring. The detached benchmark fell in six of eight districts month over month, and the comparable that supported your number in May may not support it now. That is a pricing adjustment, not an emergency: at 2.90 months of supply, detached and semi-detached are the two tightest segments in the city, and correctly priced detached homes are moving in 33 days. The mistake to avoid is carrying a spring expectation into an autumn listing.
West district detached sellers are in the strongest position in Calgary, with 1.96 months of supply and a benchmark still up on the year. Even so, the district posted the second-steepest month-over-month decline in detached prices in July, behind the North West, so price against recent comparables rather than against the year-over-year headline.
For apartment and row sellers, the conversation has not changed and pricing sharply on day one still beats testing high and adjusting later. Apartment supply is near five months, buyers have choice, and 54 days on market is the average rather than the worst case. Condition and presentation carry more weight when a buyer can walk to the next building.
FAQ
Did Calgary house prices fall in July 2026?
Modestly, yes. The total residential benchmark price was $569,200 in July, down about 0.6 per cent from June’s $572,500 and down 2.05 per cent from July 2025. That is the first monthly decline since January, ending five consecutive months of small gains. It is a slowdown rather than a correction, and it is uneven: detached benchmarks in the West and City Centre districts are still up on the year, by 2.31 and 0.91 per cent, while apartments citywide are down 8.37 per cent. The number that matters to you is the one for your property type and your district.
Why did months of supply rise if inventory fell?
Because months of supply is inventory divided by sales, and both of those fell in July. Inventory came in at 6,626, down 4.2 per cent year over year, while sales of 1,904 were down 9.2 per cent. Sales fell roughly twice as fast as inventory, so the ratio rose to 3.48 months from 3.30 a year earlier. This matters because a rising months-of-supply figure is often read as homes piling up on the market. That is not what happened here. New listings were down 15 per cent, the largest move in the citywide totals, which means fewer sellers came to market, not more.
Is the detached market still a seller's market in Calgary?
Citywide it is close to the line and moving. Detached months of supply rose from 2.49 in June to 2.90 in July, which is at the upper edge of what is usually called seller-leaning. Worth noting that it sat at 2.99 in July 2025, so on a year-over-year basis detached supply is marginally tighter, not looser. Underneath that the districts diverge sharply. The West sits at 1.96 months and the South East at 2.30, both firmly seller-leaning. The North East is at 5.11 months and the East at 4.80, which are buyer’s-market conditions. So the honest answer is that it depends entirely on where you are, and the citywide figure is now averaging two genuinely different markets rather than describing one.
Why is the West district holding up when the rest of Calgary is not?
Supply. West district detached carries 1.96 months of supply, the tightest detached figure in the city, and 151 new listings against 107 sales in July. When inventory stays that thin, prices hold even as demand softens, which is why the West is one of only two detached markets in Calgary up year over year, at plus 2.31 per cent alongside City Centre at plus 0.91. It is worth noting the West also posted the second-steepest month-over-month detached decline in July at 2.07 per cent, behind the North West at 2.64 per cent, so the yearly figure and the monthly one are telling slightly different stories. One month does not establish a trend, but a seller pricing off the annual number alone would be reading only half the data.