Home sales in Calgary slowed in April, as improving supply across the market gave buyers more time and choice, easing the urgency that defined much of last year.
The Calgary Real Estate Board reported 2,104 sales in April, down 5.7% from a year earlier. The pullback comes as the market continues to shift away from the tight conditions driven by strong migration and limited inventory.
“Improved supply choice across the entire housing spectrum has reduced the urgency among potential purchasers,” said chief economist Ann-Marie Lurie, adding that conditions are moving toward a more balanced footing.
New listings reached 3,829 in April, down 5.2% year over year, while total inventory rose 1.8% to 5,973 homes. The sales-to-new-listings ratio came in at 55%, and months of supply remained just under three, consistent with balanced conditions.
Prices showed a mixed picture. The overall residential benchmark price rose from March to $568,800 on typical seasonal gains, but was down 3.5% compared with April 2025.
Condo segment drives price declines
Detached homes continue to face relatively tight supply, with just over two months of inventory. That has helped limit price declines, with benchmark values at $745,400, down 2.7% year over year.
Semi-detached homes are showing similar stability, with benchmark prices at $690,200, down 0.3% from a year ago.
Apartment-style units are under more pressure, with inventory up roughly 3% from last year and sitting about 27% above long-term norms, pushing months of supply past four and into buyer’s market territory.
That has translated into sharper price declines. Condo benchmark prices are down 8.9% year over year to $301,400, the largest drop among all property types.
Row housing is closer to balanced conditions, though pricing continues to vary by area. Benchmark prices for row homes are down 7.0% annually to $422,900.
Source: Calgary Real Estate Board
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Last modified: May 1, 2026