Balanced Conditions Return, but Apartments Remain Buyer-Focused

Calgary’s real estate market continued its seasonal climb in April, with both sales and inventory increasing compared to March. While this is typical for spring, the overall market is showing signs of greater balance, especially compared to the strong seller conditions seen in recent years.

That said, not all property types are performing the same. Detached homes continue to face limited supply, while apartment-style condos remain firmly in buyer-favouring territory.

April 2026 by the Numbers

• 🏠 2,104 sales (⬇️ 6% year-over-year)

• 📋 3,829 new listings

• 📉 Sales-to-new-listings ratio: 55%

• 📦 Inventory: 5,973 homes (⬆️ ~2% YOY)

• ⏱️ Months of supply: Just under 3 months

• 💰 Benchmark price: $568,800

  • Up month-over-month

  • Down 3% year-over-year

Overall, Calgary is sitting in balanced market conditions, but the story varies depending on the property type.

Detached Homes: Limited Supply Keeps Market Competitive

Detached homes continue to experience tighter supply conditions, especially in more affordable price ranges.

• Just over 2 months of supply

• Ongoing competition for homes under $700,000

• Prices seeing seasonal gains month-over-month

• Slight declines year-over-year

In many areas of the city, detached homes are still performing closer to a seller’s market, particularly for well-priced properties.

Semi-Detached Homes: Stable and Improving

Semi-detached homes are benefiting from spring price momentum and relatively balanced conditions.

• Moderate supply levels

• Month-over-month price gains

• Slight year-over-year declines

This segment remains a strong option for buyers looking for more affordability than detached, without entering the condo market.

Row Homes: Balanced with Rising Choice

Row homes are sitting in a more balanced range, with improving supply levels giving buyers more options.

• Supply levels higher than detached

• Prices improving month-over-month

• Still below last year’s levels

This segment continues to be influenced by competition from new construction, especially in outer communities.

Apartment Condominiums: Oversupply Continues

Apartment-style condos remain the most challenged segment of the Calgary market.

• Over 4 months of supply

• Buyer-favouring conditions

• Prices down nearly 9% year-over-year

Increased inventory — combined with a large number of units under construction — continues to put downward pressure on pricing across most districts.

What This Means for Buyers and Sellers

For Buyers:

• More choice across all property types

• Best opportunities in apartments and some row homes

• Detached homes still require quick action in competitive price ranges

For Sellers:

• Detached homes remain in a strong position with limited supply

• Semi-detached and row homes require strategic pricing

• Apartment sellers must be highly competitive in today’s market

Looking Ahead to the Spring Market

As Calgary moves deeper into the spring market, balanced conditions are becoming the norm. However, expect continued differences between property types:

• Detached homes: steady demand, limited supply

• Apartments: ongoing price pressure

• Overall market: more choice, less urgency than previous years

Understanding your specific property type, price range, and neighbourhood trends will be key to making the right move in 2026.

Work With the Hanney Nelson Real Estate Group

🏡 Buying or selling in Calgary this spring?

At the Hanney Nelson Real Estate Group, we help you navigate shifting market conditions with data-driven strategy, local expertise, and proven marketing systems.

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• A free home evaluation

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