06/02/2026
📊 Calgary Real Estate Market Update – May 2026 🏡
The latest numbers are out from CREB®, and Calgary’s housing market continues to shift into a more balanced market creating opportunities for both buyers and sellers.
Here are the highlights:
📌 Sales: 2,162 homes sold in May, down 16% from last year and similar to April.
📌 Inventory: Active listings climbed to 6,752 homes, 11% above long-term averages for this time of year, giving buyers significantly more choice.
📌 Months of Supply: Inventory now ranges from approximately 2.5 months for detached homes to over 5 months for apartments, depending on property type.
📌 Sales-to-New Listings Ratio: Fell to 51%, helping move the market away from the extreme seller’s market conditions we’ve experienced over the past few years.
📌 Benchmark Price: Calgary’s overall benchmark price reached $570,500 in May, up from $554,400 in January and slightly higher than April.
📌 Detached Homes: Continue to lead the market, with benchmark prices rising from $724,000 in January to $747,800 in May.
📌 Apartments & Condos: More supply and increased competition have caused prices to soften, with apartment benchmark prices sitting approximately 9% lower than last May.
🏡 What does this mean for buyers?
This is one of the best buying environments we’ve seen in recent years.
✔️ More inventory means more choice.
✔️ Less competition means fewer bidding wars.
✔️ More time to view homes and make informed decisions.
✔️ Better opportunities to negotiate price, conditions, and possession dates.
✔️ Condo and apartment buyers are seeing increased opportunities as inventory levels remain elevated.
🏡 What does this mean for sellers?
Don’t let the headlines fool you, homes are still selling.
✔️ Detached homes continue to show price strength.
✔️ Serious buyers are still actively shopping.
✔️ Well-prepared, properly priced homes are attracting attention.
✔️ The spring and early summer market remains one of the busiest times of the year.
✔️ Buyers looking to move before summer vacations or before the next school year are actively entering the market.
🌷 Why now is a great time to make a move
The market has shifted from being heavily seller-favoured to becoming more balanced. In my opinion, that’s actually healthier for everyone.
Buyers have options and negotiating power they haven’t had in years, while sellers are still benefiting from strong pricing and active demand especially in desirable communities and detached home segments.
The days of simply putting a sign on the lawn and expecting multiple offers are behind us, but strategic pricing, professional marketing, and proper preparation are still producing excellent results.
Whether you’re thinking about buying your first home, upsizing, downsizing, investing, or simply curious what your home could sell for in today’s market, I’d love to help you understand your options.
📞 Amanda Trottier
RE/MAX Key
🏡 Chestermere & Calgary Real Estate
