Calgary’s real estate market is moderating, featuring an overall benchmark price of $572,500. Detached homes remain in strong seller's territory (averaging ~ $843,600), while the apartment/condo market has shifted to a balanced environment with more choices and softer pricing, averaging $340,160. [1]

Current Market Breakdown

• Detached Homes: Average sold price is around $843,658 (up ~ 2.9% year-over-year) with tight inventory.

• Semi-Detached: Average price sits at $711,779.

• Townhouses: Average sold price is $433,172.

• Apartments: Average price is approximately $340,160, and higher supply is giving buyers more negotiating power. 

• Days on market:  19-50 depending on segment

What This Means for Calgary Today

• Prices are holding, but momentum is cooling—especially in condos and attached homes.

• Inventory fluctuates up and down slightly but still gives buyers more negotiating power than earlier in 2026.

• Sales activity is uneven: strong month‑over‑month numbers but softer year‑over‑year trends.

• Detached homes remain the most resilient, supported by limited new supply.

Is this a good time to sell a house in Calgary?

Yes, it remains a strong time to sell in Calgary, but your success depends heavily on what you own and how it is priced. The city’s market dynamics vary greatly by property type, requiring a tailored strategy.

Current Calgary market conditions include:

• Detached and Semi-Detached Homes: Calgary’s real estate market has shifted into balanced territory overall, sitting at just over 3 months of housing supply.  Well-priced homes routinely sell quickly, with many still fetching multiple offers.

• Townhouses: Conditions are generally balanced, meaning buyers have more options and less pressure to overpay.

• Condos and Apartments: The apartment market has shifted to balanced conditions. Buyers have more negotiating power, and prices have softened somewhat due to higher inventory.

Give me a call and we can discuss how the real estate market impacts your current situation.

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%. 

The Calgary real estate market is transitioning into balanced territory. Sellers still hold the advantage for detached properties, but rising inventory and higher listings mean buyers have more selection and negotiating power. Benchmark and average home prices continue to fluctuate in the mid-to-high $500,000s depending on the property type.

Current Market Statistics

Data reflects a shift toward more balanced conditions and increased selection for buyers: 

• Average Home Price: Tracking around $680,285, while median prices hover near $600,000 depending on recent activity.

• Active Inventory: Total active listings have risen noticeably year-over-year, leading to a higher months of supply ratio which allows buyers to take more time evaluating homes. 

Price & Demand by Property Type

• Detached Homes: These remain the strongest segment, with benchmark prices in the mid-to-high $700,000s. Sellers still retain a slight upper hand. 

• Townhomes & Row Houses: Benchmark prices sit near $437,100. This segment has seen significant inventory increases, offering great opportunities for buyers. 

• Apartments & Condos: The apartment sector is experiencing the most pronounced shift with increased supply and prices averaging around $322,000, giving purchasers strong negotiating leverage. 

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.