📊 MARKET OVERVIEW — NOVEMBER 2025
❄️ Conditions remain relatively balanced as we head into the winter months
Calgary, Alberta — Dec. 1, 2025
In line with typical seasonal patterns, sales, new listings, and inventory slowed compared to October. November recorded 1,553 sales and 2,251 new listings, resulting in a 69% sales-to-new-listings ratio. Inventory reached 5,581 units, sitting 28% higher than last year and 15% above typical November levels.
“Supply levels have been sitting higher than typical levels for the past three months, mostly due to gains in the higher-density sectors of row and apartment-style units,” said Ann-Marie Lurie, CREB® Chief Economist. “While buyer’s market conditions are more prevalent for apartment and row homes, detached and semi-detached segments remain relatively balanced.”
📌 Extra supply—across resale, new construction, and rental—is impacting higher-density markets most.
🔻 Price Trends (Year-over-Year)
- 🏢 Apartment: ↓ 7%
- 🏘️ Row: ↓ 6%
- 🏡 Detached: ↓ 2%
- 📉 Total combined benchmark: $559,000 (↓ nearly 5%)
Note: Benchmark property attributes are reviewed annually. Updates are complete, but historical PDFs are not adjusted.
🏡 DETACHED
Demand held steady with 823 sales, similar to last year. Inventory dipped month-over-month but remains above 2024 and close to long-term norms.
- 📦 Months of supply: ~3 (balanced)
- 💲 Benchmark price: $733,000 (↓ ~2% YoY)
- 📈 YTD prices: ↑ 1%
➡️ Greatest downward pressure in North East, North, and East districts due to strong new-build competition.
🏘️ SEMI-DETACHED
Sales remained consistent with last year and above long-term trends. New listings surged, pushing inventory to the highest November level in five years.
- 📦 Months of supply: Slightly above 3 (balanced)
- 💲 Benchmark price: $671,700 (down from last month, flat YoY)
- 📈 YTD growth: ~3%
- 🌆 Strongest gains: City Centre (+4%)
- 👇 Offset by a 1% dip in the North.
🏙️ ROW HOMES
Sales eased to 257, still above long-term norms. Inventory is at its highest November level since 2018.
- 💲 Benchmark price: $424,400
- 🔻 Down month-over-month & ↓ 6% YoY
- 📉 YTD: ~2% decline
🏢 APARTMENT CONDOMINIUMS
This segment faces the strongest supply pressure. While sales aligned with historical averages, new listings drove inventory to a record-high for November.
- 📦 Months of supply: ~6 (buyer’s market)
- 💲 Benchmark price: $309,300 (↓ 7% YoY)
- 📉 YTD decline: ~2%
- 🔻 Biggest drop: North East (-5%)
- ➖ West district: No change