Market update archive
Calgary real estate market update: November 2025
From our archive of monthly updates: CREB®’s official numbers for the City of Calgary for November 2025, in plain language.
This is our archived report for November 2025. CREB®’s figures are shown as they were published at the time. Newer numbers are available: see the latest Calgary market update.
Calgary Real Estate Board (CREB®) statistics for November 2025, released Dec. 1, 2025.
November at a glance
- Sales1,553−13.39% vs. Nov. 2024
- New listings2,251−3.27% vs. Nov. 2024
- Homes for sale (inventory)5,581+28.15% vs. Nov. 2024
- Months of supply3.592.43 a year ago
- Benchmark price$559,000−4.64% vs. Nov. 2024
- Average days on market4937 a year ago
Source: CREB®, City of Calgary Monthly Statistics Package, November 2025.
| City of Calgary, all residential | November 2024 | November 2025 | Change (CREB®) |
|---|---|---|---|
| Sales | 1,793 | 1,553 | −13.39% |
| New listings | 2,327 | 2,251 | −3.27% |
| Inventory (homes for sale) | 4,355 | 5,581 | +28.15% |
| Months of supply | 2.43 | 3.59 | +47.96% |
| Sales-to-new-listings ratio | 77.05% | 68.99% | −8.06 pts |
| Benchmark price | $586,200 | $559,000 | −4.64% |
| Median price | $573,000 | $560,000 | −2.27% |
| Average price | $615,668 | $615,986 | +0.05% |
| Average days on market | 37 | 49 | +34.40% |
| Sale price as % of list price | 98.52% | 97.36% | −1.16 pts |
Source: CREB®, City of Calgary Monthly Statistics Package, November 2025, page 5 [1]. Change is CREB®’s year-over-year change; for the two ratios it is the change in percentage points.
From January to November 2025, 21,631 homes sold in Calgary, 15.69% fewer than in the same months of 2024 (25,657) [1].
What these numbers mean. The benchmark price is CREB®’s price for a “typical” home and is the best number for tracking price trends, because the median and average move with the mix of homes that happen to sell in a month. Months of supply is how long today’s inventory would last at the current pace of sales. A lower number usually means a tighter market for buyers.
What CREB® reported
CREB®’s headline for November 2025: “Conditions remain relatively balanced as we head into the winter months” (CREBNow article, Dec. 1, 2025) [2].
CREB® reported that sales, new listings and inventory all slowed from October, in line with the season, and the sales-to-new-listings ratio improved to 69 per cent. Inventory was still 28 per cent higher than a year earlier, mostly because of row and apartment homes, while the detached and semi-detached markets were relatively balanced. [2]
By type of home
Benchmark price by property type
City of Calgary, November 2025
Benchmark price vs. November 2024
Change from a year earlier
Sales by property type
City of Calgary, November 2025 (change vs. Nov. 2024)
Months of supply by property type
City of Calgary, November 2025
City, all homes: 3.59
| November 2025, City of Calgary | Benchmark price | vs. Nov. 2024 | Sales | Sales vs. Nov. 2024 | Months of supply |
|---|---|---|---|---|---|
| Detached | $733,000 | −2.15% | 823 | −4.52% | 2.97 |
| Semi-detached | $671,700 | −0.52% | 166 | −3.49% | 3.29 |
| Row (townhouse) | $424,400 | −6.19% | 257 | −22.12% | 3.51 |
| Apartment condo | $309,300 | −7.17% | 307 | −28.44% | 5.50 |
Source: CREB® [1], page 6.
South and Southeast Calgary
CREB® groups Calgary communities into eight districts. The 15 south Calgary communities we focus on are in two of them, South and South East; see our Calgary Neighbourhood Guide for the full list.
Benchmark price: South vs. South East
CREB® districts, November 2025
SouthSouth East
Months of supply: South vs. South East
CREB® districts, November 2025
SouthSouth East
| November 2025 | South: benchmark | South: vs. last year | South: months of supply | South East: benchmark | South East: vs. last year | South East: months of supply |
|---|---|---|---|---|---|---|
| Detached | $705,300 | −2.31% | 2.66 | $694,500 | −2.98% | 2.85 |
| Semi-detached | $515,200 | −3.03% | 2.38 | $500,700 | −3.00% | 3.64 |
| Row | $373,600 | −7.18% | 2.52 | $432,700 | −5.17% | 3.21 |
| Apartment | $290,600 | −7.54% | 4.70 | $330,900 | −7.96% | 7.35 |
Source: CREB® [1], page 7 (Calgary Districts). In November 2025, CREB® counted 170 detached sales in the South district and 128 in the South East [1].
November over the years
Here is how November compared in Calgary from 2022 to 2025, using CREB®’s November statistics package for each year.
Benchmark price, all residential
City of Calgary, November of each year
Sales, all residential
City of Calgary, November of each year
Want today’s numbers? See our latest Calgary market update, or book a call and we’ll pull the recent sales near you.
Source of the city and district statistics: CREB® (Calgary Real Estate Board), City of Calgary Monthly Statistics Package, November 2025. CREB® is a registered trademark of Calgary Real Estate Board Co-Operative Limited. Figures are shown as CREB® published them for November 2025; CREB® may revise past months in later packages. This update is general market information, not an appraisal or advice on a specific property. Berg Estate Team, eXp Realty · 587-888-2919.
Sources
- CREB®, Monthly Statistics Package, City of Calgary, November 2025 (pages 5–7): https://www.creb.com/Housing_Statistics/documents/11_2025_Calgary_Monthly_Stats_Package.pdf
- CREB®, “Conditions remain relatively balanced as we head into the winter months”, CREBNow article, Dec. 1, 2025: https://www.creb.com/News/CREBNow/2025/December/december_2025_stats/