he Calgary real estate market has shifted into balanced territory overall, with roughly 3.1 months of inventory and a benchmark price of $572,500. Detached homes remain competitive and sit around $750,500, while apartments offer more balanced options for buyers, averaging around $299,000.
Current Market Breakdown
Detached Homes:
Benchmark Price: $750,500
Market Condition: Seller's market (2.5 months of supply)
Semi-Detached Homes:
Benchmark Price: $694,600
Market Condition: Seller's market (2.5 months of supply)
Townhouses:
Benchmark Price: $424,100
Market Condition: Balanced market (3.4 months of supply)
Apartments (Condos):
Benchmark Price: $299,000
Market Condition: Balanced to Buyer's market (4.9 months of supply)
Key Trends to Note
Supply & Demand: Overall, there are around 6,800 active listings. Months of supply sit at 3.1, which is much more favorable to buyers than the heavily constrained markets of recent years.
Neighborhood Variations: While the city average is stable, high-demand areas like the West and City Centre continue to see higher prices and tighter conditions compared to the Northeast and East.
Financing: Calgary's 5-year variable mortgage rates are trending around 3.25%.
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