🏡 Calgary Housing Market Update – May 2026 📊
The Calgary real estate market is continuing to shift into a more balanced market, but the story really depends on what type of property you’re looking at. Some segments are holding strong while others are giving buyers more negotiating power than we’ve seen in years.
🏠 Detached Homes
Detached homes are still the strongest segment in Calgary right now. Inventory has improved slightly, but supply is still relatively tight in many price ranges, especially under $600K.
💰 Average benchmark price: approximately $747,800
📈 Prices remain relatively stable in many areas
⏳ About 2.5 months of supply
🔥 West Calgary remains one of the strongest detached markets
🏘️ Semi-Detached Homes
Semi-detached homes continue to perform surprisingly well despite higher inventory levels across the city.
💰 Average benchmark price: approximately $691,100
📈 Prices have actually been trending upward in several districts
🏡 Northwest and West Calgary are seeing record-high pricing in some areas
🏡 Row Townhouses
Townhomes are starting to shift toward a more buyer-friendly market as inventory increases.
💰 Average benchmark price: approximately $422,300
📉 Prices are slightly softer than last year
✅ Buyers now have more selection and more negotiating room
🏢 Apartment Condos
This is currently the most buyer-friendly segment in Calgary real estate.
💰 Average benchmark price: approximately $300,400
📉 Condo prices are down roughly 9% year-over-year
📦 Inventory remains elevated with over 5 months of supply
💥 Buyers finally have options, leverage, and time to make decisions
📊 Overall Calgary Market Snapshot
▪️ Benchmark home price: approximately $570,500
▪️ Sales down 16% year-over-year
▪️ Inventory rising across Calgary
▪️ Average days on market: 34 days
▪️ Market conditions are becoming more balanced overall
📌 What does this mean?
✅ Buyers have more choices than they did in 2024 and early 2025
✅ Conditional offers are becoming more common again
✅ Condo and townhouse buyers may find some great opportunities
✅ Sellers need proper pricing and strong presentation to stand out
Calgary’s market is no longer moving as one market. Detached homes, townhomes, and condos are all behaving differently right now, making local knowledge more important than ever.
Thinking about buying, selling, or investing in Calgary real estate this summer? Understanding the numbers could save you thousands.
Terry Edwardson Calgary Realtor®️
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