06/05/2026
Calgary Real Estate Market Update | May 2026
The Calgary housing market continues to shift toward more balanced conditions.
In May alone active inventory reached 6,752 homes, that’s up 11% from last year, while sales declined 16% year-over-year. More listings mean more choice for buyers and less of the intense competition we’ve experienced in recent years.
The citywide benchmark price sits at $570,500 slightly up from January but still 3% below last year’s peak level.
Market highlights by property type:
1. Detached homes remain the strongest segment, with benchmark prices reaching $747,800.
2. Semi-detached homes held steady at $691,100.
3. Condos continue to offer some of the best opportunities for buyers, with benchmark prices down 9% year-over-year.
4. Townhomes are seeing softer demand as inventory levels rise.
Surrounding areas snapshot:
Airdrie benchmark price: $515,000 (-5% YoY)
Cochrane benchmark price: $576,400 and showing strong momentum
Okotoks benchmark price : $618,900 with tight inventory supporting prices
My takeaway? Calgary is no longer the competitive seller’s market we’ve seen over the past few years. While detached homes continue to perform well, increasing inventory is creating new opportunities—especially for buyers in the condo and townhouse markets.
Thinking about buying, selling, or investing? Let’s talk about what today’s market means for your goals. Send me a message anytime.