Great Alberta Homes
Marc Miiller · REALTOR®
RE/MAX Innovations · Calgary Region
Monthly market snapshot
July brought a more measured market.
Calgary sales eased from last July, the residential benchmark price softened, and months of supply moved higher — while nearby communities showed very different levels of choice.
July 2026 · CREB® Calgary Region
Calgary at a glance
Six numbers that tell the story
These are City of Calgary residential figures for July 2026. Year-over-year changes are shown only where CREB® published them.
The teaching number
What 3.48 months of supply means
3.48
months of supply · ↑ 5.4% Y/Y
Months of supply compares the homes available with the current pace of sales. Calgary’s 3.48 months in July sits in the middle band of this interpretive guide: more breathing room than a very tight market, but not an abundance of supply.
Seller leaning
Balanced zone
Buyer leaning
Guide used on this page: under 3 months seller-leaning; 3–5 months balanced zone; over 5 months buyer-leaning. These boundaries are an interpretive guide, not a CREB®-published classification.
Around Calgary
One region, very different conditions
The biggest spread is in months of supply: Okotoks was at 2.01 months in July, while Chestermere was at 6.77. That is why a regional headline should never replace a local strategy.
Airdrie
$513,300Benchmark
3.79Months supply
141Sales
535Inventory
Benchmark ↓ 3.9% Y/Y
Cochrane
$575,800Benchmark
4.22Months supply
79Sales
333Inventory
Benchmark ↓ 1.7% Y/Y
Chestermere
$706,000Benchmark
6.77Months supply
47Sales
318Inventory
Benchmark ↓ 2.1% Y/Y
Okotoks
$617,900Benchmark
2.01Months supply
70Sales
141Inventory
Benchmark ↓ 1.3% Y/Y
High River
$508,600Benchmark
2.64Months supply
25Sales
66Inventory
Benchmark ↓ 0.5% Y/Y
Strathmore
$452,700Benchmark
4.92Months supply
26Sales
128Inventory
Benchmark ↑ 2.6% Y/Y
| Area | Sales | Inventory | Months of supply | Benchmark price |
|---|---|---|---|---|
| Airdrie | 141 | 535 | 3.79 | $513,300 |
| Cochrane | 79 | 333 | 4.22 | $575,800 |
| Chestermere | 47 | 318 | 6.77 | $706,000 |
| Okotoks | 70 | 141 | 2.01 | $617,900 |
| High River | 25 | 66 | 2.64 | $508,600 |
| Strathmore | 26 | 128 | 4.92 | $452,700 |
What it means for you
The numbers change the conversation
If you’re buying
Calgary’s 3.48 months of supply was 5.4% higher than a year earlier, while the benchmark price was 2.0% lower. That can create more room to compare options — but the local picture matters: Okotoks was much tighter at 2.01 months, while Chestermere was at 6.77.
If you’re selling
Calgary sales were 9.2% lower than last July and the benchmark price was down 2.0%. With 3.48 months of supply, pricing and positioning deserve close attention. In nearby communities, conditions range widely, so the relevant comparison is your local competition rather than the regional average.
My read on this month
July feels more measured than frantic. Calgary recorded 1,904 sales, down 9.2% from last July, while the benchmark price eased 2.0% to $569,200 and months of supply rose to 3.48. Around the region, conditions are mixed — Okotoks had just 2.01 months of supply while Chestermere sat at 6.77 — so the right strategy depends heavily on where you’re buying or selling.
Start the conversation →