Balanced Conditions Return to Calgary’s Housing Market

Calgary’s real estate market continued its seasonal spring momentum in April, but the biggest story this month is the shift toward more balanced market conditions across many segments of the city.

According to the latest statistics from the Calgary Real Estate Board (CREB®), Calgary recorded 2,104 home sales in April 2026, down 5.7% compared to April 2025. At the same time, inventory levels continued to improve, helping create more balanced conditions for buyers and sellers alike. 

While the market is no longer experiencing the extreme seller-favoured conditions we saw over the last few years, demand still remains relatively healthy — especially in the detached housing segment where supply continues to remain tight in many communities and price ranges. Apartment-style properties, however, are now seeing clear buyer-favoured conditions as inventory levels rise and competition among sellers increases. 

As CREB® Chief Economist Ann-Marie Lurie noted, improved inventory across the housing spectrum has reduced some of the urgency among buyers, allowing the market to transition toward healthier and more sustainable conditions. 

Calgary Housing Market Snapshot – April 2026

Here are some of the key numbers shaping Calgary’s real estate market this month:

• Total Sales: 2,104 homes sold (-5.7% year-over-year)
• New Listings: 3,829 (-5.2%)
• Active Inventory: 5,973 homes (+1.8%)
• Months of Supply: 2.84 months
• Total Residential Benchmark Price: $568,800 (-3.5%)
• Average Residential Price: $651,895 (+0.8%)
• Median Price: $586,000 (-0.7%)
• Average Days on Market: 35 days, up from 29 days last year    

One of the more important trends this month is that the sales-to-new-listings ratio remained near 55%, which is considered balanced market territory. Inventory levels also climbed to nearly 6,000 active listings city-wide — giving buyers more selection and reducing some of the intense competition experienced throughout 2023 and 2024. 

Detached Homes Continue to Lead the Market

Detached homes remain the strongest segment of Calgary’s housing market.

April recorded 1,095 detached home sales, nearly identical to last year’s levels, while inventory remained below long-term historical trends. Months of supply sat at just 2.25 months, keeping many detached communities firmly in seller’s market territory. 

The detached benchmark price reached $745,400, down 2.7% year-over-year, but importantly, prices continued to rise month-over-month heading into the spring market. 

Some of Calgary’s strongest detached market conditions are currently being seen in:

• North West Calgary
• West Calgary
• South Calgary

These districts are all reporting less than two months of supply, supporting stronger pricing and continued buyer competition. 

Notably:

• The West district recorded a detached benchmark price above $1 million
• The North West district reached nearly $796,000
• The South district remained strong at over $720,000 

Meanwhile, Calgary’s North East and East districts are seeing softer conditions and larger year-over-year price adjustments due to higher inventory levels. 

Apartment Condos Shift Into Buyer’s Market Territory

The apartment condominium sector is experiencing the biggest market shift in Calgary right now.

Apartment sales declined 27% year-over-year in April, while inventory levels rose to 1,920 units. Months of supply climbed to 4.44 months — firmly favouring buyers. 

The apartment benchmark price now sits at $301,400, down nearly 9% compared to last year. 

The softening condo market is largely being driven by:

• Higher inventory levels
• Slower investor activity
• Reduced urgency from buyers
• More competition among listings

However, it’s important to keep this market in perspective. Even with recent declines, Calgary condos remain significantly more affordable than most major Canadian cities, and many first-time buyers and investors continue to see long-term value in the market.

For condo buyers, this market creates opportunities to negotiate more aggressively and take more time evaluating options. For sellers, professional marketing and strategic pricing are becoming more important than ever.

Semi-Detached and Row Homes Showing Mixed Trends

Semi-detached homes continue to perform relatively well overall.

Benchmark pricing remained stable at $690,200, with sales actually increasing nearly 14% year-over-year in April. 

Row-style homes, however, are seeing softer conditions:

• Benchmark price: $422,900
• Year-over-year decline: nearly 7%
• Inventory levels continue to rise
• Months of supply approaching 3 months 

This segment is transitioning into more balanced conditions after several years of rapid price growth.

Districts Seeing the Strongest Price Stability

While overall Calgary benchmark prices declined 3.5% year-over-year, several districts are showing stronger resilience than others. 

Current district benchmark prices include:

• West Calgary: $727,800 (-1.4%)
• North West Calgary: $633,100 (-2.1%)
• South Calgary: $580,700 (-2.0%)
• City Centre: $568,200 (-3.2%) 

Meanwhile, the largest year-over-year price declines are occurring in:

• North East Calgary
• East Calgary
• Some apartment-heavy districts

These areas are seeing higher inventory levels and weaker buyer competition. 

What This Means for Calgary Buyers and Sellers

For Buyers

This is one of the healthiest Calgary real estate markets we’ve seen in several years.

Buyers now have:

• More inventory to choose from
• Reduced competition in many segments
• More negotiating power
• Additional time for due diligence and financing

That said, detached homes in desirable communities still remain competitive and properly priced homes continue to sell quickly.

For Sellers

Homes are absolutely still selling — but strategy matters much more today than it did during the peak seller’s market.

Today’s buyers are more selective and price sensitive. The homes generating the strongest results are:

• Professionally marketed
• Correctly priced from day one
• Presented well online
• Professionally photographed and staged
• Positioned properly within their market segment

As inventory rises, the difference between average marketing and exceptional marketing becomes even more important.

Calgary Real Estate Outlook for Summer 2026

Looking ahead, Calgary’s market is expected to remain relatively balanced through the spring and summer months.

Population growth, affordability relative to other Canadian cities, and Calgary’s economic stability continue to support long-term housing demand. However, the rapid price acceleration experienced over the past several years has clearly slowed as inventory levels improve and buyers become more cautious.

Detached housing is expected to remain relatively resilient due to ongoing supply constraints, while apartment and row-style homes may continue facing pricing pressure if inventory growth persists.

Overall, Calgary continues to stand out as one of Canada’s stronger real estate markets thanks to:

• Relative affordability
• Strong migration levels
• Employment growth
• Lifestyle appeal
• Long-term economic confidence

Click here for the full statistics package. 

Thinking About Buying or Selling in Calgary?

Whether you’re planning to buy your first home, move up, invest, or simply want to better understand your property’s current value, navigating today’s changing market requires the right strategy and local expertise.

As a Calgary REALTOR® with over 11 years of experience helping buyers and sellers across Calgary and surrounding communities, I focus on providing honest advice, strong negotiation, and professional marketing tailored to each client’s goals.

If you have questions about your neighbourhood, property value, or Calgary market conditions, feel free to reach out anytime.

Emin Ozkan
Calgary REALTOR® | RE/MAX Complete Realty
Serving Calgary, Airdrie, and surrounding communities with trusted local expertise.