📰 November 2025 Calgary Housing Market Update: Supply Adjustment and Balanced Conditions
Reporting on statistics from the City of Calgary and CREB.
The Calgary housing market is aligning with typical seasonal trends as we head into the winter months. Sales, new listings, and inventory levels all experienced a slow down relative to the previous month.
Key Market Statistics for November 2025
- Sales: 1,553 units were sold. This represents a 13.4% decrease year-over-year (Y/Y).
- New Listings: There were 2,251 new listings.
- Sales-to-New-Listings Ratio: This ratio improved to 69 per cent.
- Inventory: Total inventory sits at 5,581 units. Inventory levels are 28 per cent higher than last year (Y/Y) and over 15 per cent higher than typical levels reported in November.
- Months of Supply: 3.59 months.
"Supply levels have been sitting higher than typical levels for the past three months, mostly due to the gains occurring in the higher-density sectors of row and apartment style units," said Ann-Marie Lurie, CREB's Chief Economist. "This is partially related to the additional supply choice coming from the new homes sector, some of which end up on the resale market..."
Price Trends by Housing Type
The overall unadjusted total combined residential benchmark price in November was $559,000, nearly five per cent lower than last year.
| Housing Type | November 2025 Benchmark Price | Year-over-Year (Y/Y) Change | Market Condition Notes |
|---|---|---|---|
| Total Residential | $559,000 | ▼ 4.6% | Overall conditions remain relatively balanced. |
| Detached | $733,000 | ▼ 2.1% | Relatively balanced outside of a few pockets. |
| Semi-Detached | $671,700 | ▲ 0.5% | Relatively balanced outside of a few pockets. |
| Row | $424,400 | ▼ 6.2% | Buyer's market conditions are more prevalent. |
| Apartment | $309,300 | ▼ 7.2% | Buyer's market conditions are more prevalent. |
The additional supply in resale, new, and rental markets is having the most significant impact on apartment and row-style home prices. While detached home prices are down two per cent compared to last November, they remain higher than last year when looking at year-to-date figures.
