Market Report · Calgary · May 2026
Calgary Real Estate Market
May 2026
Inventory builds further as demand stays soft. April data shows what is shifting as the spring market moves through peak season.
What is happening in the Calgary market right now?
Calgary’s April 2026 data shows new listings in line with the five year average while sales have dropped 21%, pushing inventory up 32% and months of supply up 57%. The benchmark price is $570,600, rising 1.57% month over month and 0.82% year over year. Price growth remains marginally positive overall despite the supply buildup, though apartments and attached homes are both showing annual declines as buyer leverage extends into peak season.
01 Overall Market
Inventory builds further as demand stays soft, but prices edge higher.
April data shows stable listing activity alongside continued demand weakness. New listings are in line with the five year April average, while sales are down 21%. Inventory has increased 32%, pushing months of supply up 57%.
The benchmark price is $570,600, rising 1.57% month over month and 0.82% year over year. Price growth remains positive overall despite the supply buildup, suggesting the broader market is absorbing conditions without significant seller capitulation.
$570,600
Benchmark price
+0.82%
Year over year
+32%
Inventory change
+57%
Months of supply
02 Detached Homes
Supply tightens as demand softens, but annual prices slip into negative territory.
Detached conditions reflect tighter supply with weaker demand. New listings are 1% below the five year April average, while sales are down 18%. Inventory has risen 22%, increasing months of supply by 43%.
The benchmark price is $685,900, up 2.64% month over month but down 1.13% year over year. The monthly gain provides some encouragement, though the annual decline signals that buyers at this price point are exercising patience.
$685,900
Benchmark price
-1.13%
Year over year
-1%
New listings vs avg
-18%
Sales change
03 Apartments
The steepest correction continues as sales collapse and prices fall sharply.
Apartment conditions show the sharpest imbalance of any Calgary segment. New listings are 4% below the five year April average, while sales have dropped 33%. Inventory has climbed 35%, pushing months of supply up 82%.
The benchmark price is $311,000, down 1.10% month over month and 7.40% year over year. Sustained demand weakness and rising supply are compounding into the deepest annual price decline across all Calgary segments.
$311,000
Benchmark price
-7.40%
Year over year
-4%
New listings vs avg
-33%
Sales change
04 Attached Homes
Rising listing activity meets falling demand, keeping price growth nearly flat.
The attached segment continues under pressure from above-average new supply. New listings are 8% above the five year April average, while sales are down 16%. Inventory has surged 46%, pushing months of supply up 62%.
The benchmark price is $449,000, up 0.24% month over month but down 2.15% year over year. The combination of above-average listing activity and weak sales absorption is maintaining competitive conditions for sellers in this segment.
$449,000
Benchmark price
-2.15%
Year over year
+8%
New listings vs avg
-16%
Sales change
Common Questions
Is Calgary currently a buyer’s market or a seller’s market?
Calgary is moving toward buyer-favourable conditions as of April 2026. Inventory is up 32% and months of supply has risen 57%, giving buyers considerably more leverage than a year ago. The overall benchmark price remains marginally positive year over year, but detached, apartment, and attached homes are all showing annual declines at the segment level.
What is the benchmark price in Calgary right now?
The overall benchmark price in Calgary is $570,600 as of April 2026, up 1.57% month over month and 0.82% year over year. Detached homes benchmark at $685,900, apartments at $311,000, and attached homes at $449,000.
Why is overall price growth still positive when individual segments are declining?
The overall benchmark blends all property types into a single composite figure, and the sales mix can favour higher-priced segments in any given month. Detached, apartment, and attached benchmarks are all negative year over year, but the overall composite reflects how transactions are distributed across those segments. When more sales close in higher price ranges, the composite can remain positive even while individual categories decline.
Which Calgary property type is under the most pressure right now?
Apartments are facing the sharpest conditions, with sales down 33%, months of supply up 82%, and the benchmark price down 7.40% year over year. Attached homes carry the largest inventory increase at 46% and are down 2.15% annually. Detached homes are the most resilient by price, though they too have turned negative year over year at minus 1.13%.
Is now a good time to sell in Calgary?
It depends heavily on your property type and price point. Detached sellers face only modest annual price pressure, while apartment and attached sellers are competing in segments with elevated inventory and meaningful annual declines. The best way to assess your specific position is through your free Bode Homeowner Dashboard, which tracks your property’s value and local comparable activity continuously.
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