What is really happening in the Calgary Real Estate Market?
The following graph shows the months of inventory for each housing sector. Looking at a one-year trendline gives you an indication of where things are really heading.
Graph shows the months of inventory for all sectors in the Calgary Real Estate Market
Gord’s commentary for the month (just my opinion).
May Highlights
- Total Sales were up 2.76% from last month however this number has been up over 10% this year so sales are slowing.
- Prices in all Sectors combined remained flat.
- Year to date prices have gained $15,800 over all categories.
Calgary Listing Inventory
All sectors saw an increase in Inventory which is normal for this time of year. Total Inventory increased by 13.04%
Calgary Sales
Calgary overall sales increased by 11.86% in April. We can expect this trend to continue until June. All sectors saw an increase, and they ranged from 10.88% to 12.5%.
Sales Compared to 2025:
As you can see sales in 2026 compared to 2025 are lower. As you can also see the May difference is twice what the April difference is. This is a sign that the market as starting to cool.
| Dec | Jan | Feb | March | April | May | ||
| 2025 | 1318 | 1449 | 1718 | 2156 | 2230 | 2559 | |
| 2026 | 1126 | 1234 | 1526 | 1881 | 2104 | 2162 | |
| Change | -192 | -215 | -192 | -275 | -126 | -397 | |
| % Change | -14.5% | -14.9% | 11.1% | -12.8 | -9.4 | -18.4% | |
Calgary Real Estate Benchmark Sales Prices:
The overall Benchmark price increased by $1,700 Both the Detached and the Semi-Detached sectors made gains while the Attached Row and Apartment Condo Sector both lost a little. Overall, very stable conditions.
Current Months of Inventory (Absorption Rate):
The overall months of Inventory increased by .28 in May. The largest gain is by far the Apartment Condo Sector which gained .69, followed by Attached Row homes at .46 increase.
My Prediction for what is ahead:
Now that we are into June, we can expect the number of sales and the number of new listings to continue to decrease until the then of the year. Based on what I cam seeing the Detached and Semi-detached homes should remain very stable while we are highly likely to see some more pricing decreases in the Attached Row and Apartment Condo sectors.
Special Note: What I am seeing on the street is inconsistent with the numbers above. What I am referring to is there seems to be significant differences in communities, for example inner city detached homes are remarkably busy and many of them are going into competing offers while the newer communities are struggling with a lot of inventory.
* All numbers vary by community and price ranges, if you would like stats specifically for your neighbourhood, please contact us.
Summary of the Calgary Real Estate Board Realtors Stats
