New listings highest in 16 years but Calgary real estate market still favours sellers

In September, Calgary saw 3,687 new homes listed for sale, the highest since 2008, leading to a standing inventory of 5,064 homes. Sales reached 2,003, down 17% from last year but above the September average. The market is shifting towards balance, with a months of supply at 2.5, favoring sellers. The aggregate benchmark price was $596,900, up 5% year-over-year. Sales varied by property type, with single-family homes seeing a 17% decline in lower-priced segments, while higher-priced homes showed growth.