Calgary, Alberta, June 1, 2026 – In line with seasonal trends, inventory has risen from the start of the year, reaching 6,752 units in May. While these levels are consistent with last May, they remain 11 per cent higher than longer-term trends for the month, thanks to higher supply levels of apartment and row-style homes. Meanwhile, inventory levels for detached homes are down three per cent compared with both last year and long-term trends. 

At the same time, sales activity has been slowing. Calgary sales in May were 2,162 units, 16 per cent lower than last year’s levels and similar to sales reported in April. While new listings also slowed by 13 per cent compared with last year, it was not enough to offset the pullback in sales, causing the sales-to-new-listings ratio to ease to 51 per cent. The lower ratio also contributed to some of the inventory build, causing the months of supply to rise. However, conditions do vary across the market, with a range of two-and-a-half months of supply in the detached market to more than five months of supply in the apartment condominium market.    

“The shift in supply is being felt in the market. More supply choice in the new and rental markets has created a more competitive environment for potential buyers. At the same time, concerns over rising cost of living and slower migration are also weighing on consumers,” said Ann-Marie Lurie, Chief Economist at the Calgary Real Estate Board (CREB®). “While this has caused the overall resale market to shift to a balanced state, the supply pressure is having a more prevalent impact for apartment-style units, where conditions are favouring the buyer. This is also impacting price movements, with apartment prices continuing to trend down and other property types reporting a seasonal lift over the winter months.”  

The unadjusted total residential benchmark price in May was $570,500, up over April’s levels and the $554,400 reported in January, but still three per cent lower than last May. Most of the unadjusted monthly gain was driven by detached homes, which rose from $724,000 in January to $747,800 in May. Apartment prices remain lower than January levels and are nine per cent lower than levels reported last May. Overall, when adjusting for seasonality, total residential prices have remained relatively stable, as detached improvements have offset pullbacks for apartment-style homes.

TO SEE THE FULL REPORT, GO TO:

https://www.creb.com/Housing_Statistics/documents/05_2026_Calgary_Monthly_Stats_Package.pdf

The Calgary real estate market remains highly competitive with a composite benchmark price hovering around $570,000 to $600,000. Inventory sits at just under 6,000 active listings. The market currently sits in, or is actively trending toward, a seller’s territory with properties moving very quickly.

Key Market Factors

• Inventory Constraints: Although active listings have stabilized closer to historic averages compared to the severe shortages of 2023–2024, high buyer demand keeps inventory tight in the lower and middle price brackets. 

• Market Cooling: While prices remain drastically higher than historical norms, some property sectors have experienced slight 1% to 7% year-over-year price declines, offering buyers marginally better negotiating leverage than in previous years. 

Current Market Breakdown

• Average Home Price: ~$660,000 to $685,000

• Detached Average Sold Price: ~$830,000 - (representing a slight 1% year-over-year softening)

• Semi-Detached Average Sold Price: ~$691,000 (down  0.6% year-over-year)

• Townhouse Average Sold Price: ~$462,000 (down 5% year-over-year)

• Apartment/Condo Average Sold Price: ~$340,000 (down 7% year-over-year)