Calgary Real Estate Board Market Report - May 2026: Prices Stabilize Amid Decreased Sales

Calgary Real Estate Board — May 2026

In May 2026, the Calgary real estate market shows a composite benchmark price of $572,200, reflecting a year-over-year decrease of 1.9%. Total sales reached 2,162, a decline of 15.5% compared to the same month last year, while active listings increased to 6,752.

Market Analysis

The Calgary real estate market is currently characterized as a seller's market, with a sales-to-new-listings ratio (SNLR) of 51.2%. Despite this, the total sales volume has decreased compared to the previous year, indicating a cooling in buyer demand. The months of inventory stands at 3.1, suggesting that while there is still competition among buyers, the increase in active listings has provided more options, potentially leading to price stabilization.

Property Type Analysis

In May, the benchmark price for detached homes is reported at $687,500, while attached and townhouse properties are at $449,500, and apartments at $312,100. Although specific sales data for each property type is not available, the overall trend indicates that detached homes continue to command the highest prices, while apartments remain the most affordable option for buyers in the market.

Regional Highlights

Regionally, the increase in active listings from 5,973 in April to 6,752 in May suggests a growing supply that may influence future pricing dynamics. The slight uptick in the composite benchmark price from $569,900 in April to $572,200 in May indicates a potential stabilization in the market, despite the overall decline in sales volume year-over-year.

For Buyers

Buyers are encouraged to take advantage of the current market conditions, as the increase in active listings provides a wider selection of properties. With prices showing signs of stabilization, it may be an opportune time to negotiate favorable terms.

For Sellers

Sellers should remain aware of the current market dynamics, as the decrease in sales may require strategic pricing and marketing efforts. With a significant number of active listings, presenting properties in the best light and being flexible with negotiations could enhance the chances of a successful sale.