Overview: A Market in Transition Heading Into Spring
The Calgary housing market in April 2026 told a clear story: the era of aggressive seller's market conditions driven by rapid migration growth is giving way to something more measured. According to the latest CREB monthly statistics released May 1, 2026, total residential sales reached 2,104 units for the month, a 5.65 percent decline compared to April 2025. That pullback is not a crash; it is a normalization.
"Sales were expected to ease this year as our market transitioned away from strong demand that was driven by previously rapid migration growth. Improved supply choice across the entire housing spectrum has reduced the urgency among potential purchasers, helping our market shift away from seller's market conditions to more balanced conditions," said Ann-Marie Lurie, CREB's Chief Economist.
The keyword for April 2026 is balance. With 2.84 months of supply city-wide, Calgary sits in the balanced range overall. But dig one level deeper and you find two very different stories: detached homes remain tight and competitive in several districts, while the apartment condominium market has crossed into buyer's territory with over four months of supply and prices down nearly nine percent year over year.
April 2026 Calgary by the numbers: 2,104 sales, 3,829 new listings, 5,973 active listings, 2.84 months of supply, and a total residential benchmark price of $568,800.
April 2026 Sales and Listings Activity
April's 2,104 residential sales represented a seasonal uptick from March, consistent with typical spring patterns. New listings also climbed to 3,829, a 5.15 percent decrease from the same month last year. The sales-to-new-listings ratio held at approximately 55 percent, which is within the balanced range and supported a modest rise in total inventory. Active listings reached 5,973 units, about 1.8 percent above April 2025 levels but still below long-term historical norms.
Days on market increased to 35 days on average, compared to 29 days in April 2025, confirming that buyers are taking more time before committing. The average sale price to list price ratio came in at 98.25 percent, down slightly from 98.79 percent a year ago. Sellers are still achieving close to asking price, but the leverage that drove bidding wars in prior years has softened considerably.
Year to date through April, total residential sales sit at 6,740, which is 10.76 percent below the same period in 2025. Total inventory on a year-to-date basis is 9.51 percent higher than a year ago. Those two trends together explain why prices have drifted lower: more choice for buyers, less competitive pressure.
Gold dashed line marks the 4-month buyer's market threshold. Source: CREB Monthly Statistics, April 2026.
Calgary Home Prices by Property Type in April 2026
The total residential benchmark price reached $568,800 in April, a 3.46 percent decline from April 2025 but a modest monthly improvement over March. That monthly uptick is normal seasonal behaviour heading into the spring market. The story, however, varies significantly depending on which property type you are tracking.
Source: CREB Monthly Statistics, April 2026
Detached Homes
Detached homes remained the most resilient segment of the Calgary real estate market. With 1,095 sales and 2,468 units in inventory, months of supply stayed at just 2.25 for detached properties city-wide. The benchmark price for a detached home reached $745,400 in April, a 2.73 percent year-over-year decline but a positive month-over-month gain of 0.55 percent. Sellers of well-located detached properties still hold meaningful negotiating leverage, particularly in the North West, West, and South districts where supply is under two months.
The benchmark detached price ranged from $487,500 in the East district to $1,007,600 in the West. Year-over-year changes spanned from an 8.2 percent decline in the North East to a 2.28 percent increase in the West, the only district to post annual price growth for detached homes this month.
Semi-Detached Homes
Semi-detached properties posted the strongest sales gain of any property type, with 214 sales representing a 13.83 percent increase over April 2025. The benchmark price of $690,200 was effectively flat year over year, down just 0.29 percent. With 2.50 months of supply, the semi-detached market sits in balanced-to-tight territory. Year to date, semi-detached prices are down only 0.65 percent, making this segment one of the more stable options for buyers seeking attached living without the apartment condo volatility.
Row Homes and Townhouses
The row home segment saw 363 sales in April, a 2.25 percent year-over-year increase, but benchmark prices have absorbed more downward pressure. At $422,900, row home prices are 6.95 percent below April 2025. Months of supply at 2.89 remains in the balanced range overall, though conditions vary sharply by district. The North East reported 5.38 months of supply with an 11.15 percent year-over-year price decline, while the North West sits at just 2.02 months with more modest price adjustments.
Apartment Condominiums
The apartment condominium market is where Calgary's most pronounced correction is occurring. Sales of 432 units in April were 26.66 percent below April 2025, and inventory has climbed to 1,920 active listings, nearly three percent above last year and 27 percent above long-term trends. With 4.44 months of supply city-wide and some districts like the East at 12 months, conditions clearly favour buyers.
The apartment benchmark price of $301,400 represents an 8.89 percent year-over-year decline. The North East apartment market has seen the sharpest correction, down 12.69 percent annually. While modest monthly gains were recorded in the North West, South East, and West apartment segments in April, the broader trend remains one of price softening. Buyers shopping for a Calgary condo in 2026 have meaningful negotiating room and genuine selection.
Source: CREB Monthly Statistics, April 2026
The apartment benchmark price of $301,400 is the most accessible entry point into the Calgary housing market and is positioned nearly 9 percent below year-ago levels, creating real opportunity for first-time buyers who can absorb some price risk.
Calgary Real Estate Prices by District in April 2026
One of the most useful lenses for understanding the April 2026 market is looking at benchmark prices and conditions district by district. CREB tracks eight districts within Calgary, and the performance gap between them this month is the widest it has been in some time.
Source: CREB Monthly Statistics, April 2026. Total residential benchmark, all property types combined.
West District: The Only Annual Price Gain
The West district stands apart from the rest of Calgary in April 2026 as the only area recording a year-over-year benchmark price increase. The total residential benchmark of $727,800 is up 1.4 percent annually. The detached benchmark of $1,007,600 is up 2.28 percent. With only 1.73 months of supply for detached homes and a 64.44 percent sales-to-new-listings ratio, the West remains firmly in seller's market conditions. If you are buying in the West, expect limited room to negotiate and competitive conditions on well-priced properties.
North West: Tight Detached Supply, Strong Pricing
The North West posted a total residential benchmark of $633,100, down 2.1 percent year over year, but the detached segment here tells a more optimistic story. With just 1.54 months of supply and a 66.81 percent sales-to-new-listings ratio, detached North West properties are moving briskly. The detached benchmark of $795,500 is down only 1.34 percent annually, with a 1.99 percent monthly gain in April. Year to date, detached prices in the North West have improved over last year in some sub-markets.
City Centre and South: Moderate Adjustments
The City Centre benchmark of $568,200 reflects a 3.2 percent annual decline, with particularly sharp drops in the apartment segment where 809 units are listed at 4.47 months of supply. The South district's total benchmark of $580,700 is down a modest 2.0 percent year over year. Detached homes in the South had 1.76 months of supply in April with 259 sales, making it one of the most active detached markets in the city by volume. Semi-detached prices in the South actually rose month over month in April.
South East: Pressure on Condos and Rows
South East posted a total benchmark of $551,400, down 5.6 percent year over year. The apartment segment is under the most pressure here, with prices down 10.39 percent annually. Row homes in the South East are also seeing 9.27 percent annual price declines. Detached South East homes at $696,700 are holding up relatively better, down 4.86 percent.
North East and East: Buyer's Markets
The North East and East districts are where buyers have the most leverage in April 2026. The North East total benchmark of $468,600 is down 8.7 percent year over year. Apartment homes in the North East saw a 12.69 percent annual price decline. East district apartments are sitting at 12 months of supply, an extraordinary number that reflects very low sales activity relative to inventory. The East total benchmark of $399,100 is down 7.6 percent annually and is the most affordable district benchmark in the city.
What April 2026 Data Means for Calgary Buyers
If you are a buyer in Calgary right now, April's data offers a nuanced but generally favourable outlook. In the detached segment, particularly in the North West, West, and South, you are still competing against other buyers for limited inventory. Properties priced correctly in these areas are selling close to list price and moving in under 30 days. Come prepared, get pre-approved, and do not expect significant discounts off asking price in these pockets.
For apartment condo buyers, April 2026 may represent one of the better entry points in recent years. With benchmark prices near $301,400 city-wide and further down in districts like the North East and East, affordability has genuinely improved. Inventory is high, sellers are motivated, and days on market have stretched to 47 for apartments. You can negotiate, take your time, and buy with more confidence that you are not overpaying relative to current market conditions.
Row homes and semi-detached properties offer middle-ground options. Semi-detached prices have held remarkably well and supply is relatively tight. Row homes, particularly in the North East, have seen more softening, which creates opportunities for value-minded buyers willing to accept some price risk in exchange for affordability.
What April 2026 Data Means for Calgary Sellers
Sellers in April 2026 need to be strategic in a way that was not as critical in 2022 or 2023. The market is bifurcated: detached sellers in high-demand districts still have meaningful leverage, but apartment and row home sellers in softer areas must price with precision to attract buyers who now have real alternatives.
Average days on market across all residential property types climbed to 35 days in April, up from 29 a year ago. That means overpriced listings sit longer and accumulate days-on-market history that buyers use as negotiating ammunition. Correct pricing from day one is more important than ever. Sellers who price within the benchmark range for their property type and district are still achieving 98.25 cents on the dollar, which is a solid result in a transitioning market.
If you are selling a detached home in the North West, West, South, or South East with less than two months of supply driving your district, conditions remain favourable. If you are selling an apartment condominium in any district, understand that you are in a buyer's market and set expectations accordingly.
Outlook: What to Watch in the Months Ahead
The spring and summer months typically bring higher sales volumes and some seasonal price support to Calgary real estate. The question in 2026 is whether that seasonal lift will be enough to reverse the year-over-year price declines in softer segments. Based on the trajectory of inventory and the continued normalization of migration-driven demand, modest further softening in apartments and lower-priced row homes appears more likely than a strong rebound.
The detached market is the wild card. Supply remains tight in key districts, and if mortgage rates move lower through the second half of 2026, deferred buyer demand could re-enter the market with force. Buyers waiting on the sidelines for the "perfect" moment in the detached segment may find that any rate improvement tightens the detached market further and narrows their window.
For apartment condo buyers and investors, the current environment offers something Calgary has not seen in several years: time and negotiating room. Whether that window lasts through the summer or closes earlier depends on how quickly borrowing conditions improve and whether sellers reach a floor on price expectations. Watch the months-of-supply number for apartments closely. Any sustained move below four months will signal a meaningful shift in that segment's trajectory.
Data sourced from CREB Monthly Statistics Package, City of Calgary, April 2026. Released May 1, 2026.
