Calgary Market Watch – Still Tight Overall, But Not Everywhere
We’re sitting at 4,686 active listings and 1,754 sales in the past 30 days, which puts Calgary at 2.7 months of supply overall. That’s still a seller-leaning market overall, but don’t ignore that headline. The real story gets clearer underneath: Detached at 2.0 months (tight), Townhomes at 2.8 (balanced), Condos at 4.5 (loose).
The $500K–$800K range continues to carry the market like a workhorse, especially for detached homes. Meanwhile, condos are doing what condos do in Calgary. Lots of inventory, selective buyers, and only the well-priced units actually moving. This is not one market. It’s many markets based on home type and price ranges.
Detached Homes
Detached homes in Calgary are the solid gold part of the market. Anything priced properly between $500K–$700K is moving fast, with 189 to 230 sales per band in just 30 days.
Once you push past $800K, things slow down, but they don’t stop. Even over $1M, homes are still moving at a respectable pace. Bottom line: if a detached home isn’t selling right now, it’s not the market. It’s the price, presentation, or both that need a careful evaluation buy the sellers.
Townhomes
Townhomes are not condos or detached homes. Most come with a monthly fee to take care of a reserve fund and all the outdoor stuff like shoveling snow and cutting lawns. The quality of Townhomes in Calgary have improved over the years but buyer beware still rules.
Pro Tip. $300 a month fee would support about a $57,000 mortgage. Or flip that over and it would reduce the mortgage amount you qualify for by the same amount. Sometimes that difference will get you into a detached home for the same monthly payment.
Condo Market
Pay attention to the 22% of Condos sold in the last 30 days. Flip that around and it also says a Calgary Condo seller has a 22% chance of selling their condo in the next 30 days. You can look back and best guess forward with these charts.
Above $500K, things get sticky. Sellers need to sharpen their pencils or risk becoming background noise. The standout oddity? That $900K–$1M bracket at 57% sold…. small sample size, but it proves a point: when something is priced right (or rare), buyers show up.
What This Time of Year Means for Calgary Home Buyers, Home Sellers, and Real Estate Investors
Buyers:
You’ve got your best shot right now in condos and selective townhomes. Detached? You still need to be sharp and decisive. Hesitation costs you deals in that segment—every time.
Sellers:
Detached sellers still hold the cards—but only if you play them right. Condo sellers? You’re in a pricing competition whether you like it or not. The market is not forgiving above $500K.
Investors:
This is your hunting season. Ignore the headlines and follow the imbalance. Condos offer selection and leverage. Townhomes offer stability. Detached offers long-term land value—but you’ll pay for it. The deals are there… just not evenly distributed.
Calgary Monthly Homes Sales
Sales are slow so far this month and in danger of a big drop over last March. At this rate of sales for the month we will end around 1,800 to 1,900 total homes sales vs 2,156 for March of 2025. This means sellers are fighting for fewer buyers. And buyers are negotiating better deals. But not in ever sub market as you can see in the charts above.
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