CALGARY MARKET INSIGHTS
Calgary Real Estate Homes Inventory and sales: Apartment Prices Ease as Inventory Remains Elevated in May 2026
Calgary, Alberta – June 1, 2026 – The Calgary real estate listing has risen to 6752 unit in May but very consistence with listing in Calgary May 2025. Calgary homes inventory remained 11% above the long-term trend for the month. In the meantime Calgary Detached Homes inventory down 3% compared with last year and long-term trend.
Calgary Detached Home Sales:
Calgary detached home market saw 2,195 new listings with 1,192 sales in May 2026, bringing the sales-to-new-listings ratio to 54%. Inventory increased compared to recent months but remained 3% below last year’s levels with only 2.5 months of supply. Year-to-date detached home sales have declined by 4% but demand remains strong for homes priced below $600,000 and above $1.5 million.
Market conditions vary across Calgary districts where West districts remain in favor of sellers but Northeast district has started shifting toward a buyer’s market. These regional differences are also affecting prices. The Northeast district recorded the largest year-over-year price decline at 7%, while detached home prices in the West district have remained stable compared to last year, supporting overall strength in the Calgary real estate market.
Calgary Semi-Detached Home Sales:
Calgary semi-detached home sale remained steady in May 2026, with 217 sales and 375 new listings, resulting in a 58% sales-to-new-listings ratio. Inventory levels improved modestly while while months of supply remain below 3 months keeping balanced market.
Unadjusted benchmark price for semi-detached homes reached $691,100 in May up from $667,000 in January. However, prices remain 1% lower than May 2025 levels.
Similar to the detached segment, market conditions vary across Calgary districts. While most areas are experiencing upward price trends, several districts have recorded new record-high prices so far in 2026, highlighting continued demand for semi-detached properties in key areas of the Calgary real estate market.
Calgary Row Home Sales:
The Calgary real estate row home market slowed in May 2026, with 350 sales and 695 new listings, contributing to a 16% year-to-date decline in sales. The sales-to-new-listings ratio eased to 50% helping inventory levels rise and pushing the supply above 3 months.
Despite increased supply, row home prices have posted modest gains since the start of the year. The benchmark price reached $422,300 in May, higher than earlier in 2026 but still over 6% lower than May 2025 levels.
Market performance varied across Calgary. The North East and East districts experienced the largest year-over-year price declines, with decreases exceeding 10%, while the West district remained more stable, recording the smallest decline at nearly 4%. Overall, the row home segment continues to reflect a more balanced market within Calgary real estate.
Calgary Apartment Homes
Calgary Apartment Sales: Apartment Condos Shift in Favour of Buyers
The Calgary real estate apartment condominium market continued to face pressure in May 2026 as increased competition from rental properties and new-home developments impacted resale demand. Sales declined to 403 units contributing to a 28% year-to-date drop, while 961 new listings pushed the sales-to-new-listings ratio down to 42%.
As inventory remains elevated and buyer demand softens and inventory for apartment have reached 5 months of supply, creating a market that increasingly in favour of buyers.
The benchmark apartment condominium price fell to $300,400 in May sitting below January levels and 9% lower than May 2025. Price declines were recorded across all Calgary districts, with the North East, North, and East districts experiencing double-digit year-over-year decreases. The North West district saw the smaller decline at 6% which makes it resilient condo markets within Calgary.
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Airdrie Real Estate Market:
Balanced Conditions as Sales Return to Long-Term Trends
The Airdrie real estate market continued to normalize in May 2026, with sales activity slowing compared to last year and aligning more closely with long-term trends. New listings also eased year-over-year, helping maintain balanced market conditions.
With a sales-to-new-listings ratio of 53% and just over three months of supply, the resale housing market remains balanced, offering opportunities for both buyers and sellers.
Cochrane Real Estate Market:
Strong Sales Support Price Growth
The Cochrane real estate market continues to outperform many surrounding areas, with sales rising above both last year’s levels and long-term trends. In May 2026, 115 homes sold, while 188 new listings came onto the market.
Although the increase in listings helped reduce the sales-to-new-listings ratio from April, it remained relatively strong at 61%, higher than many other markets in the region. Inventory levels have stayed stable throughout the spring, keeping months of supply just below three months.
Limited inventory growth has helped support home values. The Cochrane benchmark home price reached $576,400 in May, up from $550,800 at the beginning of the year. While prices remain 1% lower than May 2025, the steady upward trend in recent months highlights the continued strength of the Cochrane real estate market.
Okotoks Real Estate Market:
Limited Inventory Keeps Conditions Competitive
The Okotoks real estate market remained relatively tight in May 2026, recording 72 sales and 121 new listings. This resulted in a 60% sales-to-new-listings ratio, helping keep inventory growth limited and below the town’s long-term averages.
With just over two months of supply, market conditions continue to favour sellers more than many surrounding areas. However, increased housing options in nearby communities and South Calgary have helped reduce some of the upward pressure on home prices.
The Okotoks benchmark home price was $618,900 in May, down slightly from April and 1.9% lower than last year, but still higher than levels reported at the beginning of 2026. Due to the smaller size of the market, monthly sales activity can create greater price fluctuations, though overall trends remain relatively stable in the Okotoks real estate market.