As we move into the second half of the year, it’s not surprising to see the market slow down a little. In July, Calgary recorded 1,904 sales and 3,323 new listings, with sales down 9% and new listings down 15% compared to last year. With both sales and listings easing, the sales-to-new-listings ratio stayed fairly steady at 57%.
The overall residential benchmark price was $569,200, slightly below June and 2% lower than last year. The biggest price adjustments continue to be in the apartment condo market, where ongoing oversupply has pushed prices down more than 8% year-over-year.
Detached homes continue to perform better, with prices down less than 2% from last year. That said, there are some noticeable differences across the city, with the North East seeing some of the largest declines.
What’s happening with supply?
While overall demand has slowed in 2026, the market is still performing better than Calgary experienced during the more challenging years from 2015–2019.
The biggest difference today is choice. Buyers have more properties to choose from, particularly in the higher-density segments. Overall resale inventory was relatively stable compared with June and July 2025, but slower sales pushed Calgary’s overall months of supply up to 3.5 months.
The detached and semi-detached markets remain relatively balanced, while buyers continue to have more negotiating power when it comes to apartment condos, which are sitting at nearly 5 months of supply. The row-home market is also showing some early signs of oversupply.
By Property Type
Detached
July sales eased to 1,012 homes, down nearly 2% from last year. New listings were also down, falling 9% year-over-year. With sales declining slightly faster than inventory, months of supply increased to nearly 3 months, which is still considered a balanced market.
The benchmark price was $743,900, nearly 2% lower than last July. Prices remain above where they were several years ago, despite coming down from the 2025 peak.
There are significant differences across Calgary. The West District remains relatively strong, while the North East has seen the largest price decline at nearly 6% year-over-year.
Semi-Detached
The semi-detached market remains one of the more balanced segments of Calgary’s market. July sales were similar to last year, while new listings have declined about 3% so far this year.
The benchmark price was $691,000, relatively unchanged from last year. The West District was the only area to record a year-over-year price increase, while the North East has started to show more buyer-friendly conditions.
Row Homes
Row-home sales have now declined for three consecutive months, with year-to-date sales down 15%.
Although new listings have also pulled back, inventory remains elevated compared with longer-term averages. Slower sales pushed months of supply to nearly 4 months.
The benchmark price eased to $418,500, down 6% from last year. Competition from new construction is also putting pressure on resale row-home prices, particularly in areas where buyers have plenty of alternatives.
Apartment Condos
This continues to be the most challenging segment of Calgary’s market.
Sales are down nearly 26% so far this year, while increased rental supply and new construction are giving buyers more options. There were 1,999 resale apartment condos available in July, which remains high compared with historical trends and current sales levels.
The benchmark price fell to $297,600, down more than 8% from last year and approximately 13% below the 2024 peak.
For condo sellers, this continues to be a market where pricing and presentation are particularly important. Buyers have more choices, and properties that are priced too aggressively can take significantly longer to sell.
Regional Highlights
Airdrie
Airdrie sales are down nearly 14% year-to-date, although new listings have also slowed, helping the sales-to-new-listings ratio move back above 55%.
The detached benchmark price was $603,100, down 4% from last year. Increased competition from new construction in Airdrie, along with options in Calgary, continues to put pressure on resale prices.
Cochrane
Sales have slowed for the past two months but remain ahead of 2025 levels year-to-date. More new listings have increased inventory, particularly among higher-density properties.
Months of supply moved above 4 months, while the sales-to-new-listings ratio fell to 46%. The detached benchmark price was $659,400, nearly 4% lower than last year.
Okotoks
Okotoks continues to have relatively tight inventory. July saw 78 new listings and 70 sales, producing a very strong 90% sales-to-new-listings ratio.
Months of supply remained around 2 months, although benchmark prices have continued to ease. The July detached benchmark price was $695,700, down just over 2% from last year.
Chestermere
Chestermere is seeing more significant buyer-friendly conditions. Year-to-date sales are down 18%, while the sales-to-new-listings ratio was only 36% in July.
That has resulted in growing inventory and nearly 7 months of supply. The detached benchmark price was $771,900, down nearly 5% from July 2025.
The Bottom Line
The Calgary market is definitely shifting, but it’s important to remember that not all segments are behaving the same way.
Detached and semi-detached homes remain relatively balanced, while buyers have considerably more leverage in the apartment condo and, increasingly, row-home markets.
For sellers, pricing realistically from the start is becoming more important. For buyers, the increased selection means there are more opportunities to negotiate — particularly in the higher-density segments.
The market may be slower than it was a year or two ago, but it’s not the same market Calgary experienced during the 2015–2019 downturn. There is still demand; buyers simply have more choices.
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