Calgary Real Estate Market · May 1, 2026 by Chris Marshall
Balanced overall conditions, but the gap between property types has never been wider
Spring arrived as expected in Calgary's real estate market, although a cooler start with the cooler weather, sales and inventory both climbed from March, in line with seasonal patterns. But the headline numbers only tell part of the story. Beneath the balanced overall conditions, April 2026 showed a market operating in two very different modes depending on the type of home you're buying or selling.
The Two-Speed Market: Detached vs. Apartments
Calgary's detached segment continues to outperform. With just 2.25 months of supply citywide, and less than two months in the North West, West, and South districts, detached homes remain in tight, seller-friendly territory. Prices ticked up from March and the pace of year-over-year declines has eased to under three per cent.
The apartment condo market tells a completely different story. Inventory has climbed to over 1,900 units with 4.44 months of supply, firmly in buyer's market territory. Year-over-year prices have dropped nearly nine per cent citywide, with the steepest declines in the North East, East, and North districts. For buyers who have been priced out of other property types, this is where the opportunity sits.
Benchmark Prices by District
Where you buy matters as much as what you buy. The West district is the only area showing year-over-year price growth (+1.4%), while the North East continues to soften the most, down 8.7% from a year ago.
Why Sales Are Down, And Why That's Not Necessarily Bad News
April sales came in at 2,104, about six per cent below last April. According to CREB® Chief Economist Ann-Marie Lurie, this slowdown was anticipated. The rapid migration growth that supercharged demand in recent years has moderated, and with more supply available across all property types, buyers simply have more time and options than they did during the frenzy of 2022–2024.
Days on Market are rising. The average Calgary home took 35 days to sell in April 2026, up from 29 days in April 2025. Year to date, that average sits at 40 days, a full week longer than the same period last year. If you're selling, pricing accurately from day one matters more than it has in years.
Keep in mind this April we had several snow storms creating havoc on the roads and slowing down the spring market, especially compared to the more mild 2025 spring.
What This Means for Buyers & Sellers
Year-to-Date Snapshot
Through April, total residential sales are down 11 per cent compared to the same period in 2025, with 6,740 transactions versus 7,553 a year ago. Inventory is up nearly 10 per cent year-to-date, and months of supply has risen from 2.49 to 3.06 (a 23% increase). The benchmark price year-to-date sits at $562,325, down about four per cent from the same period last year.
The apartment segment accounts for most of the drag: sales are down 27 per cent year-to-date with months of supply at 4.68, 46% above the same period in 2025. Meanwhile, detached and semi-detached remain relatively stable, each holding close to last year's sales volumes.
Contact Chris Marshall chris@chrismarshallrealtor.com | chrismarshallrealtor.com
RE/MAX House of Real Estate
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Data sourced from CREB® March 2026 Calgary Monthly Stats Package and CREB® March 2026 Regional Monthly Stats Package. The trademarks MLS®, Multiple Listing Service® and associated logos are owned by The Canadian Real Estate Association (CREA). Data deemed reliable but not guaranteed.
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