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.
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