Benchmark price by property type
| Property type | Benchmark price | Year over year |
|---|---|---|
| Detached | $747,800 | −2.4% YoY |
| Semi-detached | $691,100 | −1% YoY |
| Row / townhouse | $422,300 | −6% YoY |
| Apartment condo | $300,400 | −9% YoY |
How I read it
May is normally Calgary’s busiest month, and sales came in 16% below last year. Inventory finished the month 11% above the long-term average — the most selection buyers have had here in years.
Even so, prices ticked up from April. That is what a genuinely balanced market looks like: slower, with room to negotiate, but not falling apart. The sales-to-new-listings ratio of 51% sits right in the middle of the range.
The spread by type is the number I would circle: detached down 2.4%, apartments down 9%. A year ago, almost everything moved together. Now the type of home you own determines your experience of this market more than the neighbourhood does.
If you're buying
- Conditions — financing, inspection — are normal again. Do not waive them because of a market that no longer exists.
- Compare a row home against an apartment condo carefully; the price gap has narrowed.
If you're selling
- With inventory above average, the first two weeks matter. An overpriced launch costs you the buyers who were waiting.
- If your home needs work, either do it or price it for it. Buyers now have alternatives that do not.
Sources
Figures are as published by CREB® for May 2026 and describe the Calgary market as a whole. They are not an appraisal, and no single property follows the average. For what your own home is worth, ask me for a comparable-sales review.