July’s housing statistics from the Calgary Real Estate Board reveal a noticeable shift in our local market. Inventory levels have climbed to 6,917 homes—the highest since before the pandemic, and well above long-term trends.
As a result, Calgary has entered more balanced territory, particularly in the detached and semi-detached segments. But with more listings, competition among sellers has intensified—especially in newer communities and in property types like condos and row homes.
The benchmark price now sits at $582,900, down nearly 4% from last year, and homes are taking longer to sell, averaging 37 days on market. Sellers in areas like the North East and North may be seeing price declines, while homeowners in the West, South, and City Centre remain in a more favourable position.
What this means for you:
If you’re thinking of selling, this is the time to lean into marketing, staging, and expert guidance. Even in a cooling market, homes that are priced and presented right are still moving—especially in high-demand districts.
For buyers and investors, this shift brings more options and more leverage to the table—particularly in the condo segment.
📞 Ready to talk strategy for your home? Let’s connect.
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