Calgary's real estate market experienced a notable slowdown in April, with home sales dropping by 5.7% compared to the previous year. The Calgary Real Estate Board attributes this decline to an increase in housing supply, which has eased the pressure on potential buyers and shifted the market towards more balanced conditions.
Key Takeaways
- Calgary home sales decreased by 5.7% year-over-year in April.
- The residential benchmark price saw a 3.5% drop from April 2025.
- Improved housing supply has reduced buyer urgency.
- The condo market favors buyers, while the detached market still shows limited supply.
Shifting Market Dynamics
The Calgary Real Estate Board reported that 2,104 homes were sold in April, a decrease from the same period last year. The city's residential benchmark price also fell by 3.5% year-over-year, settling at $568,800. Ann-Marie Lurie, the board's chief economist, noted that the market has moved away from a seller's advantage towards a more balanced state. However, she highlighted that the detached housing segment continues to face limited supply, while the condo market is experiencing conditions that favor buyers.
Price Trends Across Housing Types
Price adjustments were observed across various property types. Apartment-style homes experienced the most significant year-over-year price decrease, falling by 8.9% to $301,400. Row-style properties also saw a reduction, becoming 7% less expensive at $422,900. Detached home prices declined by 2.7% to $745,400, and semi-detached homes saw a slight decrease of 0.3% compared to April 2025, closing at $690,200.
Inventory and New Listings
In April, the market saw 3,829 new listings, a 5.2% decrease from the previous year. Despite the dip in new listings, the overall inventory of homes for sale in the city grew by 1.8% year-over-year, reaching a total of 5,973 homes. This increase in available properties is a key factor contributing to the reduced urgency among buyers.
