December 2025 Calgary Real Estate Update: Year-End Prices, Supply & How to Plan for 2026
December 2025 confirmed a clear shift in Calgary’s housing market, with improved inventory levels creating more choice for buyers and reinforcing balanced conditions as the year comes to a close.
With nearly two decades of helping Calgary buyers and sellers navigate changing market cycles, I’ve seen how year-end conditions often bring clarity. In this month’s update, I break down what changed in December, what held steady through 2025, and how to make confident real estate decisions as we head into 2026.
I’m Marnie Campbell, Calgary REALTOR® and Team Lead at RE/MAX First, and my goal is simple: translate complex market data into clear, practical guidance so you can buy or sell with confidence — without guesswork — even in a shifting market.
December 2025 Calgary Market Snapshot
- Sales: 1,126 (⬇️ ~15% year-over-year)
- New Listings: 1,219 (⬇️ ~2% year-over-year)
- Inventory: 3,860 homes (⬇️ ~29% YoY — highest December level in several years)
- Sales-to-New-Listings Ratio: ~92% — balanced but slowing
- Months of Supply (MoS): 3.43 — up from last year’s ~2.27
- Total Residential Benchmark Price: $554,700 (⬇️ ~4.7% YoY)
- Year-to-Date Sales: 22,751 (⬇️ ~16% YoY)
What “Months of Supply” Tells Us
Months of Supply estimates how long current inventory would take to sell at today’s pace. <2.5 = seller’s market, 3–4 = balanced, >4 = buyer’s market.
At 3.43, Calgary finishes 2025 in balanced territory — a meaningful shift from the extreme seller conditions of recent years.
Key insight: Although sales slowed into year-end, the rise in inventory is the dominant story. Buyers now have more selection — especially in higher-density segments — while sellers must rely on pricing precision and preparation.
Missed last month? See how the winter transition began in the November 2025 Calgary Market Update.
Calgary Prices — December 2025
| Segment | Benchmark Price | MoM | YoY | Market Signal |
|---|---|---|---|---|
| Total Residential | $554,700 | ⬇ ~0.8% | ⬇ ~4.7% | Balanced |
| Detached | $726,900 | ⬇ ~0.6% | ⬇ ~2.6% | Stable (~2.7 MoS) |
| Semi-Detached | $666,800 | ⬇ ~0.7% | ⬇ ~1.6% | Balanced |
| Row / Townhome | $421,300 | ⬇ ~1.0% | ⬇ ~5.6% | Softening (~3.8 MoS) |
| Apartment | $303,600 | ⬇ ~1.6% | ⬇ ~7.4% | Buyer’s market (~4.6 MoS) |
Property Type Breakdown
Detached
- Sales: 587
- New Listings: 559 (SNLR ~105%)
- Inventory: 1,587
- Months of Supply: ~2.70
- Benchmark Price: $726,900
Market insight: Detached remains the most resilient segment. While activity slowed seasonally, pricing held better in City Centre, West, and North West locations.
Semi-Detached
- Sales: 96
- Inventory: 382
- Months of Supply: ~3.98
- Benchmark Price: $666,800
Market insight: Semi-detached homes saw modest price movement in 2025. Well-located, well-presented properties continue to attract buyers.
Row / Townhomes
- Sales: 171
- Inventory: 653
- Months of Supply: ~3.82
- Benchmark Price: $421,300
Market insight: Elevated inventory has shifted townhomes firmly into negotiation territory, with competition from both resale and new construction.
Apartment Condominiums
- Sales: 272
- Inventory: 1,238
- Months of Supply: ~4.55
- Benchmark Price: $303,600
Market insight: Buyers have leverage here. Due diligence — reserve funds, fees, and building quality — is essential.
District Notes (Quick Hits)
- City Centre & West: Most resilient pricing across detached and semi-detached homes.
- North East & East: Larger year-over-year price adjustments, especially in higher-density segments.
- North West: Continued stability with limited supply.
What This Means for Buyers
December can be an excellent time to buy — less competition and more negotiable terms.
- Leverage balanced conditions: Especially in condos and townhomes.
- More breathing room: Detached buyers face less urgency than earlier in the year.
- Focus on fundamentals: Layout, location, and long-term livability matter most.
- Position ahead of spring: Buyers who act now often benefit when activity increases.
What This Means for Sellers
Buyers are selective — and pricing accuracy matters more than ever.
- Launch strategy is critical: First impressions drive results.
- Avoid overpricing: Chasing the market erodes leverage.
- Marketing matters: Especially in higher-density segments.
- Preparation pays: Clean, staged homes outperform.
Key Takeaways (TL;DR)
- Calgary ends 2025 at ~3.43 months of supply — balanced.
- $554,700 benchmark price — down ~4.7% YoY.
- Detached & Semi: More resilient.
- Row & Apartment: Best leverage for buyers.
- 2026 outlook: A healthier, more sustainable market.
Calgary Real Estate Market FAQ – December 2025
Is Calgary’s December 2025 market better for buyers or sellers?
Calgary finished December at ~3.43 months of supply, which places the market firmly in balanced territory. Neither buyers nor sellers clearly dominate—outcomes now depend on pricing accuracy, property type, and neighbourhood-specific conditions.
Which property type favours buyers the most right now?
Apartment condominiums. With ~4.55 months of supply and prices down ~7.4% year-over-year, buyers have more selection, time, and negotiating leverage than in any other segment.
Which segment held up best through year-end?
Detached homes. At roughly ~2.7 months of supply, detached properties remain the most resilient, particularly in City Centre, West, and North West districts where supply remains tighter.
What’s the clearest sign the market reset in 2025?
Inventory growth. Citywide inventory rose nearly 30% year-over-year, pushing the market out of extreme seller conditions and into a more sustainable, balanced environment.
Are homes still selling over asking in December?
Less frequently. Multiple offers still happen, but mostly on well-priced, well-presented homes in stronger neighbourhoods. Overpricing is being corrected quickly by the market.
What should buyers and sellers watch heading into 2026?
Buyers should watch inventory trends and interest rate signals, while sellers need to focus on launch strategy and realistic pricing. A balanced market rewards preparation—not urgency.
Next Steps: Plan Your 2026 Move with Confidence
Balanced markets reward preparation. Whether you’re buying, selling, or planning ahead for 2026, my team and I are here to guide you with clarity and expertise.
Your next step? Book your 15-minute market game plan and start the year with confidence.
Marnie is a trusted Calgary REALTOR® with 18+ years of experience, over 800 real estate transactions, and 150+ five-star reviews. She leads a team dedicated to helping clients make confident, no-regret real estate decisions.
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Disclaimer: Based on Calgary Real Estate Board (CREB®) data. This is not financial advice.
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