Market update archive
Calgary real estate market update: December 2025
From our archive of monthly updates: CREB®’s official numbers for the City of Calgary for December 2025, in plain language.
This is our archived report for December 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 December 2025, released Jan. 2, 2026.
December at a glance
- Sales1,126−14.57% vs. Dec. 2024
- New listings1,219−1.53% vs. Dec. 2024
- Homes for sale (inventory)3,860+28.92% vs. Dec. 2024
- Months of supply3.432.27 a year ago
- Benchmark price$554,700−4.71% vs. Dec. 2024
- Average days on market5344 a year ago
Source: CREB®, City of Calgary Monthly Statistics Package, December 2025.
| City of Calgary, all residential | December 2024 | December 2025 | Change (CREB®) |
|---|---|---|---|
| Sales | 1,318 | 1,126 | −14.57% |
| New listings | 1,238 | 1,219 | −1.53% |
| Inventory (homes for sale) | 2,994 | 3,860 | +28.92% |
| Months of supply | 2.27 | 3.43 | +50.91% |
| Sales-to-new-listings ratio | 106.46% | 92.37% | −14.09 pts |
| Benchmark price | $582,100 | $554,700 | −4.71% |
| Median price | $551,556 | $555,000 | +0.62% |
| Average price | $605,076 | $607,149 | +0.34% |
| Average days on market | 44 | 53 | +22.40% |
| Sale price as % of list price | 98.08% | 97.12% | −0.96 pts |
Source: CREB®, City of Calgary Monthly Statistics Package, December 2025, page 5 [1]. Change is CREB®’s year-over-year change; for the two ratios it is the change in percentage points.
In 2025 as a whole, 22,751 homes sold in Calgary, 15.66% fewer than in 2024 (26,975) [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 December 2025: “2025 housing market shifted to more balanced conditions” (news release, Jan. 2, 2026) [2].
In its year-end release, CREB® described 2025 as a year of transition: record housing starts improved supply just as demand eased with lower migration and uncertainty, moving the market from favouring sellers to more balanced conditions. Sales for the year were 16 per cent lower than in 2024 but in line with long-term trends, and new listings rose nine per cent. [2]
By type of home
Benchmark price by property type
City of Calgary, December 2025
Benchmark price vs. December 2024
Change from a year earlier
Sales by property type
City of Calgary, December 2025 (change vs. Dec. 2024)
Months of supply by property type
City of Calgary, December 2025
City, all homes: 3.43
| December 2025, City of Calgary | Benchmark price | vs. Dec. 2024 | Sales | Sales vs. Dec. 2024 | Months of supply |
|---|---|---|---|---|---|
| Detached | $726,900 | −2.63% | 587 | −3.61% | 2.70 |
| Semi-detached | $666,800 | −1.56% | 96 | −22.58% | 3.98 |
| Row (townhouse) | $421,300 | −5.64% | 171 | −25.00% | 3.82 |
| Apartment condo | $303,600 | −7.35% | 272 | −23.81% | 4.55 |
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, December 2025
SouthSouth East
Months of supply: South vs. South East
CREB® districts, December 2025
SouthSouth East
| December 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 | $700,100 | −3.29% | 2.27 | $688,500 | −3.88% | 2.75 |
| Semi-detached | $507,500 | −4.68% | 3.40 | $495,800 | −3.82% | 6.50 |
| Row | $381,800 | −4.41% | 3.35 | $430,500 | −5.41% | 3.78 |
| Apartment | $285,000 | −8.33% | 3.91 | $321,800 | −8.35% | 3.65 |
Source: CREB® [1], page 7 (Calgary Districts). In December 2025, CREB® counted 125 detached sales in the South district and 87 in the South East [1].
December over the years
Here is how December compared in Calgary from 2022 to 2025, using CREB®’s December statistics package for each year.
Benchmark price, all residential
City of Calgary, December of each year
Sales, all residential
City of Calgary, December 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, December 2025. CREB® is a registered trademark of Calgary Real Estate Board Co-Operative Limited. Figures are shown as CREB® published them for December 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, December 2025 (pages 5–7): https://www.creb.com/Housing_Statistics/documents/12_2025_Calgary_Monthly_Stats_Package.pdf
- CREB®, “2025 housing market shifted to more balanced conditions”, news release, Jan. 2, 2026: https://www.creb.com/News/Media_Releases/2026/January/December_2025_Stats/