In line with typical seasonal patterns, both sales and inventory levels increased compared to March. However, April sales reached 2,104 units—down 6% from the same time in 2025.
“Sales were expected to ease this year as the market transitions away from the surge in demand driven by rapid migration growth,” said Ann-Marie Lurie, Chief Economist at CREB®. “Improved supply across all property types has reduced urgency among buyers, shifting Calgary from strong seller’s market conditions toward a more balanced environment. That said, detached homes continue to face limited supply, while apartment condominiums are firmly in buyer’s market territory.”
New listings totalled 3,829 units in April, with the sales-to-new-listings ratio holding at 55%. Inventory rose to 5,973 units—nearly 2% higher than last year. Overall months of supply remained just under three, indicating balanced conditions, though this varies significantly by property type. Detached homes are just over two months of supply, while apartment-style homes exceed four months.
The unadjusted benchmark price rose to $568,800 in April, driven largely by seasonal factors typical of the spring market. Gains were most notable in the detached and semi-detached segments. Despite monthly increases, overall prices remain 3% below last year’s levels, with apartment-style units seeing the steepest year-over-year decline at nearly 9%.
So far in 2026, market conditions have varied widely—ranging from seller-favouring environments with price growth in certain detached segments, to buyer-favouring conditions and price adjustments in the apartment condominium market.
Detached
Sales reached 1,095 units alongside 1,863 new listings in April, contributing to a modest rise in inventory. At 2,468 units, inventory remains below both last year’s levels and long-term trends. Months of supply stayed just above two, maintaining relatively tight conditions.
These tighter conditions supported continued monthly price growth, with the benchmark price reaching $745,400. Year-over-year declines have eased to under 3%.
Market conditions vary by district. The North West, West, and South districts continue to favour sellers, with less than two months of supply and stronger price gains. In contrast, the North East remains in buyer’s market conditions, with prices trending downward. Year-over-year benchmark price changes ranged from an 8% decline in the North East to a 2% increase in the West.
Semi-Detached
An increase in new listings supported stronger sales activity in April. Year-to-date figures are consistent with last year, with 700 sales and 1,190 new listings.
Market conditions remain balanced, supporting continued price growth. The benchmark price rose to $690,000, with recent gains narrowing the gap compared to last year.
As with detached homes, performance varies by district. Prices increased across most areas, except in the North East and East, where higher supply levels are weighing on values. Year-to-date price gains have been strongest in the City Centre, North West, and West districts.
Row Housing
Sales, new listings, and inventory all rose month-over-month, in line with seasonal trends. However, year-to-date sales have declined faster than new listings, pushing the sales-to-new-listings ratio to 51% and increasing inventory levels above last year’s.
Months of supply remain near three, keeping conditions balanced overall. However, regional differences are significant. The North East district has the highest supply levels and the largest price declines—down over 11% year-to-date—while the West district has seen the smallest decline at under 2%.
Apartment Condominiums
While sales activity improved in April, inventory continued to rise due to elevated new listings. The sales-to-new-listings ratio reached 46%, but remains insufficient to offset inventory growth.
Inventory climbed to 1,920 units—up nearly 3% year-over-year and 27% above long-term averages. With more than four months of supply, conditions strongly favour buyers.
The benchmark price rose slightly from March to $301,400, with gains in the North West, South East, and West districts. However, prices continue to decline in the North East, North, and East. Overall, benchmark prices are down nearly 9% compared to last April.
Regional Highlights
Airdrie
Sales remain below last year—down nearly 12% year-to-date—though still in line with long-term trends. Inventory gains have brought supply to just over three months, supporting relatively balanced conditions. The benchmark price reached $516,700, up slightly from March but still more than 5% below last year.
Cochrane
Sales growth has pushed year-to-date activity up over 6%. With fewer new listings, the sales-to-new-listings ratio climbed above 70%, tightening conditions and keeping supply below three months. The benchmark price rose to $569,200, though it remains over 3% lower than last year.
Okotoks
Despite improved April sales, year-to-date activity is still slightly below last year. Inventory has increased but remains below long-term trends, keeping supply tight at roughly 2.5 months. This has supported price stability, with the benchmark price at $627,600—up from March and in line with last year.
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