The Calgary housing market continued its transition toward more balanced conditions in May 2026, as rising inventory levels and softer sales activity created a more measured pace across most segments.
While overall conditions are now considered balanced, performance continues to vary significantly by property type. Detached homes remain relatively tight, while apartment-style condos are experiencing more supply and stronger buyer leverage.
Total residential sales in May reached 2,162 units, a 16% decrease compared to last year. This slowdown reflects a combination of higher borrowing costs, affordability pressures, and increased choice in the market.
At the same time, new listings eased by 13% year-over-year, but not enough to offset slowing sales activity. As a result, inventory rose to 6,752 units, which is consistent with last year but still about 11% above longer-term trends for May.
The sales-to-new-listings ratio eased to 51%, and months of supply increased across the market, reinforcing the shift toward more balanced conditions overall.
“More supply choice in both the new and resale markets has created a more competitive environment for buyers,” notes CREB® Chief Economist Ann-Marie Lurie. “However, conditions continue to vary significantly depending on property type.”
| Market Metric | May 2026 | Year-over-Year |
|---|---|---|
| Benchmark Price (Total) | $570,500 | -3.0% |
| Total Inventory | 6,752 | Flat vs last year |
| Sales | 2,162 | -16% |
| Sales-to-New Listings Ratio | 51% | Lower |
| Months of Supply | Increasing | Market softening |
The detached segment remains the most resilient part of the market, with relatively tight conditions compared to other property types.
Detached homes continue to see steady demand, particularly in well-established and higher-demand districts, where supply remains limited.
This segment is generally operating in balanced conditions, with performance varying by location and price range.
The apartment sector continues to favour buyers, with elevated inventory and slower absorption.
This segment remains the most competitive for sellers, with pricing and presentation playing a critical role in achieving results.
The Calgary market in May 2026 reflects a clear shift into balance, with conditions now strongly dependent on property type and location.
For buyers, increased inventory means more selection and less urgency, particularly in the apartment and row housing segments.
For sellers, the market still supports strong outcomes in well-positioned detached homes, but pricing strategy and presentation have become increasingly important across all property types.
As always, local conditions vary widely by community, price point, and property type. Understanding where your property sits within today’s market is key to making informed decisions.
