The latest March 2026 data from CREB shows a clear shift underway in the Calgary real estate market. After several years of strong seller-favoured conditions, we are now seeing a move toward a more balanced environment.
Sales and Listings Decline
Total residential sales in Calgary were down approximately 12% year-over-year in March, with similar declines reflected in year-to-date numbers. New listings also declined, but at a slower pace, resulting in increased inventory levels across the city.
This shift is important. When inventory rises faster than sales, market conditions naturally begin to rebalance.
Inventory and Months of Supply Rising
Inventory levels increased by nearly 13% year-to-date, and months of supply rose to over 3 months in some segments of the market.
This is a notable change from the tight conditions we experienced over the past few years, where limited supply drove strong competition and price growth.
Prices Showing Modest Softening
The overall residential benchmark price in Calgary is down approximately 4% year-over-year. However, trends vary significantly by property type:
- Detached homes: Down roughly 3% year-over-year, showing relative stability
- Apartments: Down closer to 9%, reflecting more sensitivity to changing demand
- Row and semi-detached: Moderate declines between these ranges
While prices are softening, it’s important to note that they remain historically strong.
Days on Market Increasing
Homes are taking longer to sell, with days on market up over 20% compared to last year. This gives buyers more time to evaluate options and reduces the urgency that defined previous market conditions.
What This Means for Buyers and Sellers
We are no longer in an extreme seller’s market — but we’re not in a buyer’s market either.
Instead, Calgary is transitioning into a more balanced market where:
- Buyers have more choice and negotiating power
- Sellers need to be strategic with pricing and presentation
- Local market knowledge matters more than ever
Final Thoughts
This shift is healthy for the market overall. It creates more sustainable conditions and opportunities on both sides.
If you’re considering buying or selling, understanding how these trends impact your specific property type and neighbourhood is key.
Adrienne McGarvey REALTOR
2% Realty
403.801.2012
