April brought a noticeable boost in new listings across Calgary, pushing overall inventory up to 5,876 units. While that’s more than double what we saw at this time last year, it's important to remember that last spring had unusually low supply. In fact, current inventory levels are right in line with what we’d expect for April. Meanwhile, sales reached 2,236 units—down 22% from last year, but still consistent with long-term trends.

According to Chief Economist at CREB®, economic uncertainty has impacted market activity, but we’re still doing better than in the years leading up to the pandemic. Factors like population growth, relatively steady employment, lower lending rates, and improved supply have helped keep things moving—and prices stable.

With more homes available, the market is shifting into more balanced territory, now sitting at nearly three months of supply. That said, conditions still vary depending on the type and price of property. Lower-priced detached and semi-detached homes remain in short supply, while apartment and row-style homes are seeing more balance.

Let’s take a quick look at how each segment is doing:

Detached Homes:
Sales were down 16% year-over-year in April, with 1,102 homes sold. New listings rose to 1,907, helping increase inventory to 2,511 units. While supply is growing, demand remains strong in the lower price ranges. The benchmark price was $769,300—steady from March, and up over 2% from last year.

Semi-Detached Homes:
Sales dipped again in April, with 190 units sold. Inventory reached 484 units, bringing the months of supply to 2.6—much higher than last year’s tight market. Prices stayed flat month-over-month but still show a 3% year-over-year increase. The City Centre stood out with a 5% annual price jump.

Row Homes:
Sales slowed, but new listings surged, boosting inventory to 1,005 units—the highest since 2021. With nearly three months of supply, pressure on pricing has eased. April’s benchmark price was $457,400, similar to last year, though some districts like the North and Northeast saw slight declines.

Apartments:
Sales fell 30% from last year’s record but still beat long-term norms. New listings hit a record for April, and inventory continues to climb. With three months of supply, pricing remains stable. The benchmark price sat at $336,000—on par with last year but slightly below last summer’s peak.