Calgary housing market saw slowing sales and balanced conditions in August

In August, Calgary home sales fell to 2,186, a 19.5% decrease from last year, though still 17% above long-term averages. New listings slightly decreased to 3,536, resulting in a months of supply of 2.05, the highest since late 2022. The unadjusted residential benchmark price reached $601,800, a 6% increase year-over-year. Detached home sales dropped by 14%, with over 85% of available homes priced above $600,000. Inventory gains have eased some price pressures, with year-over-year price increases across all districts.