Calgary Row Monthly Market Report

Executive Summary

Calgary's Row market remained in Balanced Market territory in July 2026, with 3.90 months of supply. The headline numbers, however, point to a market that is less competitive than it was a year ago. Official CREB sales fell 22.9% year over year to 286, while inventory declined only 6.8% to 1,115. New listings were also down sharply, falling 25.5% to 506, and the benchmark price was $418,500, 6.1% below July 2025.

The 13-month pattern helps explain the current position. Row sales recovered from the winter low into spring 2026, but then eased from 363 in April to 286 in July. Inventory rebuilt through the same period and, despite slipping after May, remains well above winter levels. That combination has increased the amount of available supply relative to current sales activity.

Conditions are not uniform by price range or district. Under $300,000 was the clear exception to the broader sales slowdown, with sales rising from 26 to 42 year over year. By contrast, the $400,000-$599,999 ranges recorded substantial sales declines and also contain a large amount of current Active listing supply. Geographically, North and North East had the highest district months of supply, while East and North East recorded the largest year-over-year benchmark-price declines. For buyers and sellers, the practical implication is that comparable properties need to be interpreted within their specific price range and district rather than from the city-wide label alone.

Row Market at a Glance

Official CREB measures place Calgary Row housing in a Balanced Market in July 2026.

Source: CREB® City of Calgary Monthly Statistics, July 2026.

How the Row Market Is Changing

The last 13 months show a Row market that moved through a pronounced seasonal contraction, a spring recovery and then a renewed slowdown in early summer. Official CREB sales were 371 in July 2025 and declined through the second half of the year, reaching 171 in December. Activity then rebuilt quickly in 2026: sales rose to 270 in February, 322 in March and 363 in April. The spring peak did not persist. Sales eased to 350 in May, 338 in June and 286 in July.

New listings followed a related but not identical path. They fell from 679 in July 2025 to 205 in December, then increased to 505 in January and continued higher through spring, reaching 697 in May. Since then, incoming supply has slowed to 608 in June and 506 in July. The July decline in new listings therefore limits the amount of fresh competition coming onto the market, but it is occurring at the same time as buyer activity has also weakened.

Inventory shows why the current market feels less competitive than the sales count alone might suggest. Inventory fell from 1,196 in July 2025 to 654 in December, then rebuilt steadily to 1,174 in May 2026. It edged lower to 1,152 in June and 1,115 in July, yet the July inventory level remains far above the winter trough. Sales have retreated more sharply than inventory since the spring peak. That relationship is reflected in the current 3.90 months of supply, which places the city-wide Row segment in Balanced Market territory but near the upper end of that governed range.

Price movement has also been softer over the period. The Row benchmark was $445,700 in July 2025 and $418,500 in July 2026, a 6.1% year-over-year decline. The important trend is not a single monthly change but the combination of slower sales, a still-substantial inventory base and a lower benchmark price. Together, those indicators show that competition has eased from the stronger conditions seen earlier in the 13-month window.

Where the Row Market Is Diverging

Price-range evidence shows that the July slowdown was not evenly distributed. The clearest exception was the entry-level segment. Official CREB sales under $300,000 increased from 26 in July 2025 to 42 in July 2026, a 61.5% rise. Listing-derived new listings in that range also increased, from 34 to 49, while 109 Active listings were present in the current snapshot. The combination indicates that both activity and available choice were expanding at the lowest governed price range rather than following the broader city-wide decline.

From $300,000 to $399,999, sales decreased from 104 to 90, down 13.5%, while new listings were nearly steady at 147 compared with 152 a year earlier. Current Active listings numbered 285. The $400,000-$499,999 range showed a more pronounced contraction: sales fell from 138 to 91, a 34.1% decline, and new listings fell from 280 to 175, down 37.5%. This range also had the largest current Active count, at 360.

The slowdown was sharper again from $500,000 to $599,999. Sales declined from 59 to 33, down 44.1%, while new listings dropped from 139 to 69, down 50.4%; 145 Active listings were present. In the $600,000-$799,999 range, sales fell from 38 to 24 and new listings from 60 to 46, with 88 Active listings. At $800,000 and above, sales were unchanged at six, while new listings increased slightly from 16 to 17 and the Active count was 34.

The main divergence is therefore between the strengthening under-$300,000 segment and the weaker middle and upper ranges. The largest pools of current Active listings sit between $300,000 and $499,999, while the steepest year-over-year sales declines occurred from $500,000 to $799,999. Because Active Listings here is a listing-level Active-only count rather than official CREB Inventory, it is best read as current segment-specific availability alongside, not as a replacement for, the official city-wide inventory measure.

Sales and Sales YoY are official CREB evidence. New Listings, New Listings YoY and Active Listings are derived from the supplied Pillar 9™ MLS® records. Active Listings is an Active-only listing-level count and is not the official CREB Inventory measure.

Geographic Differences

District conditions also varied materially in July. Official CREB months of supply were highest in North at 5.91 and North East at 5.59, well above the city-wide Row figure of 3.90. City Centre was close to the city level at 3.94, while North West, South East and East ranged from 3.44 to 3.71. West and South had the lowest supply readings, at 2.93 and 2.96 respectively.

Benchmark prices were lower year over year in all eight districts, but the magnitude differed considerably. East recorded the largest decline at 14.16%, followed by North East at 13.21% and North at 8.97%. South East was down 7.78%. The smallest declines occurred in North West at 2.56%, South at 3.67% and City Centre at 4.55%, with West down 5.03%.

These figures show that the city-wide Row result masks meaningful geographic dispersion. The northern districts combined higher current supply readings with deeper annual price declines, while several western and southern districts had lower months of supply and more moderate price changes. That is an observed relationship, not evidence that supply alone caused the price movement. District-level comparables therefore remain important when interpreting the broader Calgary Row market.

What Is Driving the Row Market

The July market balance is being shaped primarily by the relationship between transaction activity and available supply. Sales were down 22.9% from a year earlier, while official inventory was down only 6.8%. Even though new listings also fell sharply, the inventory already available to buyers did not contract at the same pace as sales. That gap is why months of supply increased to 3.90 and why the Row segment remains balanced rather than moving with the direction of any single indicator.

The price-range evidence adds another layer. Under $300,000, sales and new listings both increased year over year, showing that the broad slowdown does not describe every part of the market. In contrast, the $400,000-$599,999 ranges experienced large declines in both sales and new listings while retaining substantial current Active listing counts. The resulting competitive pressure is therefore uneven across price points.

Geography reinforces the same conclusion. North and North East recorded the highest district supply readings and relatively large benchmark-price declines, while several districts with lower months of supply had smaller annual price declines. The report does not treat that association as proof of causation. Taken together, the evidence supports a simpler internal explanation: current Row conditions reflect weaker sales activity interacting with a still-meaningful stock of available homes, with the degree of imbalance differing by price range and district.

What This Means for Buyers and Sellers

For buyers, the July evidence points to more negotiating context than the Balanced Market label alone conveys, but not to uniform conditions across all Row properties. City-wide months of supply is 3.90 and sales are materially below last year's level, so the overall pace of competition has eased. Current listing-level evidence also shows substantial Active supply in the $300,000-$499,999 ranges. A buyer comparing homes in those bands may therefore encounter a different level of choice than a buyer focused below $300,000, where sales increased strongly year over year.

District also matters. North and North East had the highest official months of supply, while West and South had lower readings. At the same time, benchmark-price changes ranged from a 2.56% decline in North West to a 14.16% decline in East. Those differences mean that a city-wide benchmark or status label is not a substitute for current comparables in the location and price range being considered.

For sellers, the same evidence highlights the importance of positioning relative to the segment actually competing for buyers. The $400,000-$599,999 ranges recorded large year-over-year sales declines, even as current Active listings remained significant. That combination can make buyers more selective among similar properties. The sharp decline in new listings in those ranges is also relevant, because it means the flow of fresh competing listings has slowed rather than expanded.

Neither side should interpret the July data as a guarantee about an individual transaction. Property condition, exact location, features and the quality of nearby comparable sales still matter. The useful takeaway is that Row-market expectations are more reliable when the city-wide context is narrowed to the appropriate price range and district, where the evidence shows materially different levels of activity, available supply and price movement.

What to Watch Next

Three relationships are especially important to monitor after July. First, watch whether Row sales stabilize relative to inventory. A sustained recovery in sales while inventory holds or declines would reduce months of supply and increase competition; continued weak sales with a similar inventory base would preserve more buyer choice.

Second, watch the $400,000-$599,999 ranges. Sales and new listings both fell sharply there, while current Active counts remain substantial. A change in either sales pace or available listings would materially alter the present segment balance.

Third, watch the districts with the highest supply and deepest annual price declines, particularly North, North East and East. The important question is whether months of supply begins to narrow and whether benchmark-price declines moderate. Those changes would indicate that the current geographic divergence is becoming less pronounced; persistence would show that the differences remain relevant.

Explore the Market in More Detail

• Browse Calgary Row Homes for Sale
• Explore Calgary Communities