Thinking of Selling Your Presale Condo? Calgary’s November 2025 Market Update Reveals What to Expect
Calgary’s condo pre sale market has entered a tough stretch. Many owners who bought during the boom are now discovering their properties that are now move in ready are worth less than they paid, with some developers selling newer units for even lower prices. Appraisal values have fallen, supply has grown, and competition among sellers is intense.
It is a sharp contrast to the detached and semi detached segments, which remain relatively stable thanks to steady demand and limited new construction. While the overall market is cooling, it is not collapsing. Calgary recorded 1,885 sales in October, and the citywide benchmark price now sits at $568,000, down about one percent from last month and four percent lower than last year.
CREB’s latest report points to a clear shift in momentum. Improved rental supply and easing rents are drawing some buyers away from ownership, especially in the apartment and townhouse sectors. The result is a market that is far more balanced than it has been in years, but also far less forgiving for condo sellers.
Market Overview
Calgary recorded 1,885 sales in October, a 13 percent drop from last year but an improvement over September’s totals. New listings slowed slightly to 3,233, keeping inventory levels from rising further. The total number of homes available dropped to 6,471, which translates to 3.43 months of supply, still higher than a year ago but showing early signs of stability.
The benchmark price across all property types is now $568,000, easing nearly one percent month over month. Prices have adjusted as demand cools, particularly in the apartment and row segments where supply remains elevated.
Year to date, Calgary has seen just over 20,000 sales, down about 16 percent compared to 2024. Even so, that is still consistent with long term averages, reflecting a healthy level of market activity despite shifting conditions.
Why Is The Market Shifting
The slowdown in Calgary’s condo and townhouse markets is tied to a few key factors. Immigration levels have eased, reducing the number of new buyers entering the market. At the same time, trade uncertainty and weaker oil prices have created hesitation among investors.
Calgary has also seen a surge in new construction, both for ownership and rentals. Purpose built rental towers are popping up along major CTrain routes, creating more options for residents and adding competition for entry level buyers. The result is a market where supply has caught up to demand, leading to price adjustments, especially for condos and row homes.
Detached Homes
Detached homes continue to perform relatively well compared to other segments. The benchmark price sits at $744,400, down just one percent from last year and slightly lower than September.
Sales reached 1,012 in October, with 1,593 new listings entering the market. This helped the months of supply settle at 2.9, a sign of balanced conditions for most price ranges.
Some areas of the city, particularly in the northeast, are seeing more downward pressure due to higher inventory and slower demand. However, detached prices remain roughly one percent higher year to date, supported by steady demand for family homes and limited new construction availability at lower price points.
Semi Detached Homes
Semi detached homes have seen only mild adjustments. The benchmark price rose to $683,100, nearly one percent higher than last October and about three percent higher year to date.
There were 186 sales and 329 new listings in October, keeping months of supply at just over three months. While inventory has increased from the record low levels seen in 2023, this segment remains one of the more stable parts of the market.
Buyers continue to view semi detached homes as an attractive middle ground between detached properties and townhomes, offering more space and affordability without major price declines.
Row Homes
Row homes are facing more noticeable price corrections as supply continues to build. The benchmark price dropped to $431,200, down six percent from last year and one percent from September.
October saw 275 sales compared to 520 new listings, keeping inventory at over 1,000 units, a record high for this time of year. With about four months of supply, buyers now have more choice than they have had in years.
Despite the softer conditions, year to date sales remain higher than long term averages, showing that row homes continue to fill an important affordability gap for first time buyers.
Condos
Apartments remain the most supply heavy segment in the Calgary market. The benchmark price now sits at $318,200, down seven percent year over year and one percent from last month.
Buyers today have far more choices than they did a few years ago. In some complexes, there can be ten or more nearly identical units for sale, and the ones that move are the most aggressively priced and easiest to show. Buyers focus on value and convenience, not what an owner paid a few years ago. With purpose built rentals offering modern amenities and less stress, many would be condo buyers are choosing to rent instead, a major reason condo prices have dropped about seven percent year over year.
Sales fell to 412 in October, while new listings reached 791, leaving 1,891 units available and nearly five months of supply. While elevated inventory is weighing on prices, these conditions could create opportunities for buyers looking for more affordable entry points into Calgary’s real estate market.
What This Means Going Forward
As 2025 winds down, Calgary’s housing market appears to be normalizing after years of intense demand and limited supply. Detached and semi detached homes are holding relatively firm, while apartment and row segments continue to adjust to higher inventory levels.
If new listings remain moderate through the winter, the market could maintain balanced conditions heading into early 2026, especially if interest rates begin to ease. Buyers may find better selection and less competition, while sellers will need to price strategically and focus on presentation to stand out.
Advice for Sellers
If you are planning to sell in this market, pricing strategy matters more than ever. Buyers have options, and the most competitively priced listings are the ones that stand out. It may take longer to sell than in the past few years, so presentation and timing are key. Homes that show well, are easy to access, and are priced realistically are still selling, just not as quickly as during the peak years.
Thinking About Buying or Selling
If you are thinking about buying or selling in Calgary, this is a good time to plan your next move. Reach out any time if you would like a no obligation home evaluation or guidance on how the latest numbers could impact your plans.
For buyers, this could be a good time to act. Interest rates have recently stabilized, and detached homes in Calgary’s suburban communities remain one of the most resilient and desirable options in the market.
You can also explore my detailed guides below for more insight into Calgary’s housing market:
Final Thoughts
Whether you are thinking about buying, selling, or just keeping an eye on the market, having the right information makes all the difference. Reach out anytime if you would like expert guidance, a free home evaluation, or help navigating your next move in Calgary’s changing market.
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