The Calgary real estate market is showing more balance as rising inventory and slower sales have softened conditions across all property types. While demand remains above long-term trends, higher supply is creating downward pressure on prices, particularly for row and apartment-style homes.
Benchmark Prices:
Detached: $755,600
Semi-Detached: $687,200
Row: $439,600
Apartment: $326,500
Compared to last year, detached and semi-detached prices have held relatively steady, with detached down just under 1% and semi-detached up slightly by 1%. In contrast, row homes have declined nearly 5% year-over-year, while apartment prices have dropped almost 6%.
Days on Market (ADOM):
Detached: 35 days
Semi-Detached: 35 days
Row: 40 days
Apartment: 47 days
Apartments continue to take the longest to sell, reflecting higher supply levels and slower absorption. Detached and semi-detached homes are still moving more efficiently, though at a slower pace than last year
The Takeaway
The market has shifted from the frenzy of recent years into a more balanced environment. Prices remain relatively steady, supported by low overall supply, but buyers now have more breathing room to make decisions. For sellers, realistic pricing is key. Homes are still moving, but buyers are less inclined to chase aggressive numbers. Detached and semi-detached properties continue to show resilience, while row and apartment styles are experiencing the greatest price adjustments.