06/02/2026
Calgary Real Estate Market Update – May 2026
The Calgary housing market is becoming increasingly balanced as inventory continues to rise and buyers gain more options.
There were 2,162 residential sales in May, down 16% from last year, while inventory climbed to 6,752 homes. The result is a much healthier market with more opportunities for buyers and more competition among sellers.
Detached homes continue to outperform.
The benchmark detached home price reached $747,800 in May and remains above last year's levels. Demand remains strongest for affordable detached homes under $600,000 and luxury properties over $1.5 million.
Condos are telling a different story.
The condo market has become increasingly buyer-friendly:
• Benchmark price: $300,400
• Prices down 9% year over year
• Sales down nearly 28% year-to-date
• More than 5 months of supply available
For many first-time buyers and investors, this may be the best condo buying environment Calgary has seen in several years.
Regional Highlights:
Cochrane continues to be one of the strongest markets in the region, with sales rising and inventory remaining relatively tight.
Airdrie has shifted into a more balanced market as inventory levels increase.
Okotoks remains relatively competitive with low inventory and steady demand.
Chestermere has experienced one of the largest inventory increases in the region, creating more opportunities and negotiating power for buyers.
Current Benchmark Prices:
Detached: $747,800
Semi-Detached: $691,100
Row Home: $422,300
Apartment Condo: $300,400
The market is no longer moving in one direction. Detached homes continue to show strength, while condos and some surrounding communities are offering buyers more choice and flexibility than we've seen in years.
If you're thinking about buying, selling, or investing in Calgary or the surrounding communities, I'd be happy to discuss how these market changes affect your plans.
📞 Alex Shemetov | 2% Realty
☎️ 587-999-7777
📧 [email protected]
🌐 www.yyclistings.ca