Detached Market Tightens While Apartments Remain Oversupplied

Calgary’s housing market continues to vary significantly by property type. In February, detached and semi-detached homes saw tighter supply, while apartment-style condominiums remain firmly in buyer-favouring territory.

Overall, citywide conditions are relatively balanced, with 3 months of supply and a sales-to-new-listings ratio of 55%, but trends differ sharply depending on the type of home you’re buying or selling.

February 2026 by the Numbers

• 🏠 1,526 sales (⬇️ 11% year-over-year)

• 📦 4,822 homes in inventory

• 📉 Sales-to-new-listings ratio: 55%

• 💰 Citywide benchmark price: $560,500

  • Up 1% from January

  • Down 4% year-over-year

While seasonal gains typically appear early in the year, apartment-style homes continued to trend downward, offsetting gains in lower-density properties.

Detached Homes: Tight Supply Supporting Prices

Detached homes remain the most stable segment:

• 736 sales | 1,269 new listings

• Months of supply: just under 3

• Benchmark price: $734,300

  • Up 1% month-over-month

  • Down 3% year-over-year

Conditions vary by district. The West district is tightest, with less than two months of supply, while the North East continues to face higher inventory levels. Homes priced under $700,000 remain highly competitive.

Semi-Detached Homes: Tighter Market

Semi-detached properties recorded the lowest months of supply among all property types:

• 175 sales | 253 new listings

• Months of supply: 2.4

• Benchmark price: $682,200

  • Up 2% month-over-month

  • Comparable to last year

Tighter conditions early in the year have supported modest price gains, especially in the City Centre, North West, and West districts.

Row Homes: Moving Toward Balance

After January’s surge in new listings, row homes stabilized in February:

• 270 sales | 491 new listings

• Months of supply: just over 3

• Benchmark price: $423,600

  • Up month-over-month

  • Down 5% year-over-year

Year-over-year declines are most pronounced in the North East and East districts due to strong competition from the new-home market.

Apartment Condominiums: Oversupply Continues

Apartments continue to face significant pressure:

• 345 sales | 753 new listings

• Inventory: 1,580 units

• Months of supply: 4+

• Benchmark price: $298,600

  • Down 1% month-over-month

  • Down 9% year-over-year

Elevated inventory levels are impacting prices citywide, particularly in the North East, East, and South East districts. Nearly 18,000 apartment units are under construction, many targeting rental markets, which will continue to influence condo prices.

What This Means for Buyers and Sellers

Buyers:

• Apartments and some row homes offer negotiating opportunities

• Detached homes under $700,000 remain competitive

• Semi-detached inventory is tight, requiring quick action

Sellers:

• Detached and semi-detached homes are in a strong position

• Apartment sellers should price carefully to compete in an oversupplied market

• Neighborhood-specific trends matter more than ever

Looking Ahead to Spring

Detached and semi-detached homes are expected to remain balanced due to limited supply. Apartment-style properties will continue to adjust as inventory levels remain elevated.

Understanding your property type and neighborhood trends is essential if you’re thinking of buying or selling in Calgary this year.

Work With the Hanney Nelson Real Estate Group

🏡 Thinking about buying or selling in Calgary?
Our team at the Hanney Nelson Real Estate Group provides expert guidance, local insights, and market strategy to help you achieve your goals.

📩 Contact us today for a free, personalized market consultation or to get the latest neighborhood-specific home prices.