Market By the Numbers

Current metrics across Calgary reflect a much more stable environment compared to the market peaks of 2023: 

• Average Sold Price: ~$685,000

• City-Wide Benchmark Price: ~$560,000 - $690,000 depending on property type and exact reporting metric

• Active Inventory: Over 7,000 listings available across the city

Property Type Breakdown

Conditions vary significantly depending on the segment you are looking to buy or sell in: 

• Detached Homes: Conditions remain the tightest here. While the benchmark price (averaging ~$734,000 to $749,000) has seen minor year-over-year softening, it remains highly resilient. 

• Townhouses & Row Houses: This segment has largely shifted into balanced territory. Benchmark prices sit around $422,000 to $428,000, and units are staying on the market longer. 

• Apartments & Condos: This sector is heavily buyer-friendly. Increased inventory and reduced sales volume have pushed benchmark prices down to roughly $300,000 to $305,000. 

Local Dynamics

• First-Time Buyers: There is a notable influx of new, first-time homebuyers entering the market, aided by increased rental supply and government incentives.

• New Construction: High levels of new home construction continue to add housing stock, relieving the drastic supply shortages seen in previous years

The Calgary real estate market currently sits in balanced territory with an average home price hovering around $677,795 to $687,813. Inventory has expanded to approximately 6,500 active listings, yielding roughly 2.5 to 3 months of supply. This increased selection provides buyers with more negotiation power.

Market Breakdown

• Detached Homes: Average prices range from $734,300 to $844,300. This segment remains highly competitive, with strong demand keeping conditions tight. 

• Semi-Detached (Duplexes): Benchmark prices average between $658,300 and $674,600. These serve as highly sought-after middle-ground properties. 

• Row/Townhouses: Prices generally average $453,300. This segment has seen inventory build up, offering a more balanced playing field between buyers and sellers. 

• Apartments/Condos: Average prices range from $300,000 to $325,000. Condos represent the softest segment of the market, featuring elevated supply that leans more favorably toward buyers.

Current Market Statistics

• Average Home Price: $682,872

• Active Listings: Over 6,400 properties currently available

• Months of Inventory: Increased over previous years, reaching 3 to 4.5 months depending on the property type

• Days on Market: Townhouses and apartments are spending roughly 30 to 35 days on the market, allowing buyers more time for due diligence.

Property Type Trends

• Detached Homes: These represent the most stable segment, with benchmark prices generally holding their ground or seeing very modest deceleration compared to other tiers. 

• Townhouses/Row Houses: Inventory has surged (up over 40% in recent periods), shifting dynamics slightly in favor of buyers. 

• Apartments/Condos: This segment has seen the most significant shift, with larger year-over-year price adjustments and extended time on market, making it an advantageous market for condo buyers

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)

The Calgary real estate market is transitioning into a balanced or buyer-friendly environment. Active listings have surged, providing buyers with increased inventory and negotiating power compared to previous years.

Key metrics and average sold prices across the city include:

• Average All-Property Price: ~$652,000 to $686,000

• Detached Homes: Average price of ~$830,316

• Townhouses: Average price of ~$461,511

• Apartments/Condos: Average price of ~$340,263

• Active Listings: Over 6,000 homes are actively on the market 

If you are thinking about selling your home or buying, let’s have a conversation.  Think about:

• What property type (detached, condo, townhouse) are you looking for?

• Are you considering a specific area of the City, neighborhood or the surrounding areas of Calgary?

• Are you looking for a home evaluation?

• Are you looking to make a purchase?

Calgary's real estate market is experiencing a normalizing trend, featuring average home prices around $650,000 to $654,644 and inventory levels sitting around 3 to 4 months of supply. While detached homes remain competitive, the condo and townhome segments are increasingly favoring buyers, offering more choices and room for negotiation. 

Key Market Statistics

• Average Home Price: Approx. $654,644

• Median Sale Price: approximately $585,000

• Active Inventory: Over 6,500 active listings across the city

• Months of Supply:  3 to 4 months, shifting toward a more balanced environment

Property Type Breakdown

• Detached Homes: These remain tight in supply, especially in the sub- $700,000  range. Sellers maintain an advantage in regions like the West and City Centre districts.

• Townhouses: Benchmark prices sit around $422,900. Inventory is relatively tight (under 3 months of supply), keeping it a modest seller's market.

• Apartments/Condos: The apartment segment favors buyers. With benchmark prices hovering near $301,400, higher inventory gives buyers increased negotiating power.

Calgary’s real estate market is currently transitioning from a seller-favored environment to a more balanced market, with varying conditions across property types and neighborhoods.

Market Trends and Pricing

The average residential sale price in Calgary increased by 3.5% from 2024 to 2025, rising from $621,015 to $642,840, with prices expected to remain steady into 2026 (REMAX). Detached homes have maintained relative stability, while apartment and row-style homes are experiencing slight declines due to increased supply, with annual decreases of 1–2% projected in 2025 (CREB). Benchmark prices in March 2026 were $565,600, reflecting a 4.2% year-over-year decline, with detached homes down 3.3% and apartments down 9.3% (REW).

Sales and Inventory

Sales activity has moderated, with 20,082 transactions in 2025, a 15.8% decrease from 2024, while total listings fell by 19.2% to 27,243 (REMAX). Inventory has doubled since 2024, bringing supply back in line with long-term norms (CREB). In March 2026, months of supply widened to 2.87, up 20% from the previous year, indicating a slight shift toward buyer leverage, though the market remains technically a seller’s market (REW).

Market Segmentation

Detached homes:  Strong demand particularly in West and City Centre districts with tighter conditions and stable pricing.

Condos and Apartments:  Conditions favor buyers due to higher-density supply and rental market saturation, leading to price softening.

Single-Family Homes:  Expected to see the strongest demand in 2027, especially in suburban areas like Springbank Hill, Discovery Ridge, and Rocky Ridge.

Market Outlook

The Calgary market is expected to remain balanced to slightly buyer-favored, with steady prices and moderate sales activity in 2028 (REMAX).  Detached homes in high-demand areas may continue to see price resilience, while apartments and row homes face downward pressure from increased supply (CREB).  Overall, Calgary’s market is resilient, supported by population growth, stable employment, and ongoing construction, through affordability remains a key consideration for buyers.  

Balanced conditions in the city, except for apartment-style units

Calgary, Alberta, May 1, 2026 – In line with seasonal expectations, both sales and inventory levels trended up relative to March’s activity. Despite this typical monthly rise, April sales totalled 2,104 units, six per cent lower than levels reported in 2025. 

“Sales were expected to ease this year as our market transitioned away from strong demand that was driven by previously rapid migration growth. Improved supply choice across the entire housing spectrum has reduced the urgency among potential purchasers, helping our market shift away from seller’s market conditions to more balanced conditions,” said Ann-Marie Lurie, CREB®’s Chief Economist. “However, the trend of limited supply choice in the detached market continues, while conditions favour the buyer in the apartment condominium market.” 

With 3,829 new listings in April, the sales-to-new-listings ratio remained at 55 per cent, supporting a modest monthly gain in supply. Inventory levels reached 5,973 units, nearly two per cent higher than levels reported last April. Overall, the months of supply remained just below three, representing relatively balanced conditions. However, this ranged from just over two months for detached homes to over four months for apartment-style homes. 

The unadjusted total residential benchmark price trended up compared with March, reaching $568,800. The monthly gain was mostly associated with seasonal improvements, which is expected heading into the spring market. Monthly gains were higher in the detached and semi-detached segments. Overall, compared with the previous year, prices remain three per cent lower, with modest year-over-year declines in the detached and semi-detached sector, while declines neared nine per cent for apartment-style units.   

So far in 2026, conditions have varied, ranging from seller’s market conditions and price growth for detached homes in some parts of the city to buyer’s market conditions and price adjustments in the apartment condominium sector.

To see the full report, go to:

https://www.creb.com/Housing_Statistics/documents/04_2026_Calgary_Monthly_Stats_Package.pdf

As of early May 2026, the Calgary real estate market is transitioning toward a more balanced, buyer-friendly environment, with average home prices roughly $640k–$675k and rising inventory improving selection. While detached homes remain competitive, the market is seeing a notable softening in demand, leading to more negotiations and less price pressure than previous years. 

Key Market Trends (May 2026)

• Average Sold Price: Approximately $641,844 to $674,000 across all property types.

• Inventory & Competition: Inventory has increased, reducing the intense competition of recent years, though some popular segments still favor sellers.

• Market Balance: The market is described as shifting to a more balanced state with 3+ months of supply in some sectors.

• Property Type Trends:

  • Detached: High demand continues, but price growth has slowed.

  • Apartments/Condos: Seeing lower demand, with median prices declining over 6% year-over-year.

• Overall Market State: Described as "stable" or shifting to favor buyers, with more opportunities to negotiate. 

To find out how the current market is impacting you, give me a call.

Key Market Trends (April 2026):

• Property Type Split: The detached segment faces tighter supply, keeping prices higher, whereas the condo/apartment market is experiencing rising inventory, giving buyers more options.

• Prices: Median prices for detached homes hovered around (based on different report metrics), while apartments have seen downward pressure, with median prices around.

• Inventory & Competition: Active listings have increased, providing buyers with more choice and reducing the urgency to purchase, resulting in a more balanced market.

• Market Velocity: Homes are spending slightly more time on the market compared to 2025, with detached homes taking an average of 24 days to sell in Q1 2026.

Current Market Dynamics:

• Inventory Boost: Increased supply has improved options for buyers compared to the low-inventory, high-demand situation in 2024-2025.

• Buyer Advantage: Rising inventory means more room for negotiation, especially in the condo segment, making it a better time for buyers compared to early 2025.

• Rental Market Interaction: High competition from purpose-built rentals is influencing the buyer vs. rent decision, particularly for prospective condo buyers.

For those looking to buy or sell, consulting an experienced real estate agent is recommended to get the most precise data for specific neighborhoods.

Give me a call at 403-703-5548

As of April 2026, the Calgary real estate market is transitioning toward a more balanced state, featuring increased inventory and stabilizing prices compared to previous highs. While detached homes remain competitive, apartment-style properties are seeing higher supply, favoring buyers with more choices.

Key Market Statistics (April 2026):

• Average Sold Price: ~$670,000

• Median Price (YTD): ~$532,000

• Market Condition: Shifting from a strong seller's market towards a balanced environment

• Inventory: Improved substantially from previous years

Sub-Market Trends:

• Detached/Semi-Detached: Tightest conditions remain here, but with fewer bidding wars than previous years.

• Apartments/Condos: Oversupplied compared to demand, creating a buyer-favorable market.

• New Listings: Increased compared to 2024 and 2025, offering more options in suburbs.

Give me a call and we can discuss your real estate needs and how today’s market factors into your plans.