Calgary Inner City Real Estate Market Report – May 2026
The Inner City Calgary market in May 2026 continues to demonstrate varying conditions across property types. Ground-oriented housing remains relatively balanced, with detached, semi-detached, and row homes maintaining inventory levels below three months of supply. Apartment-style properties continue to experience elevated inventory levels and softer pricing conditions.
Detached and semi-detached homes remain relatively stable despite modest year-over-year price declines. Row homes continue to face pricing pressure, while apartments remain the most supply-heavy segment with declining benchmark prices.
Single Family Homes (Detached)
|
May 2026 |
Apr 2026 |
May 2025 |
MoM % Change |
YoY % Change |
|
|
Sales |
127 |
101 |
145 |
+25.74% |
-12.41% |
|
New Listings |
239 |
186 |
251 |
+28.49% |
-4.78% |
|
Sales to New Listings Ratio |
53.14% |
54.30% |
57.77% |
-2.14% |
-8.01% |
|
Inventory |
366 |
316 |
353 |
+15.82% |
+3.68% |
|
Months of Supply |
2.88 |
3.13 |
2.43 |
-7.99% |
+18.52% |
|
Benchmark Price |
$985,500 |
$978,700 |
$993,500 |
+0.69% |
-0.81% |
|
Avg DOM |
26 |
30 |
32 |
-13.33% |
-18.75% |
Highest Sale (May 2026): $3,950,000
Lowest Sale (May 2026): $500,000
Key Takeaway:
Detached homes remained relatively balanced in May, with inventory levels below three months of supply and modest monthly price growth despite slight year-over-year softening.
Half Duplexes (Semi-Detached)
|
May 2026 |
Apr 2026 |
May 2025 |
MoM % Change |
YoY % Change |
|
|
Sales |
49 |
57 |
67 |
-14.04% |
-26.87% |
|
New Listings |
92 |
83 |
119 |
+10.84% |
-22.69% |
|
Sales to New Listings Ratio |
53.26% |
67.86% |
56.30% |
-21.52% |
-5.40% |
|
Inventory |
144 |
128 |
158 |
+12.50% |
-8.86% |
|
Months of Supply |
2.94 |
2.25 |
2.36 |
+30.67% |
+24.58% |
|
Benchmark Price |
$955,000 |
$957,000 |
$967,800 |
-0.21% |
-1.32% |
|
Avg DOM |
31 |
31 |
29 |
0.00% |
+6.90% |
Highest Sale (May 2026): $1,480,000
Lowest Sale (May 2026): $518,000
Key Takeaway:
Semi-detached homes continue to experience balanced conditions, with inventory remaining below three months of supply and benchmark prices holding relatively steady.
Row Homes / Townhomes
|
May 2026 |
Apr 2026 |
May 2025 |
MoM % Change |
YoY % Change |
|
|
Sales |
53 |
57 |
65 |
-7.02% |
-18.46% |
|
New Listings |
96 |
84 |
87 |
+14.29% |
+10.43% |
|
Sales to New Listings Ratio |
55.21% |
67.86% |
74.71% |
-18.64% |
-26.10% |
|
Inventory |
150 |
134 |
118 |
+11.94% |
+27.12% |
|
Months of Supply |
2.83 |
2.35 |
1.82 |
+20.43% |
+55.49% |
|
Benchmark Price |
$573,200 |
$572,300 |
$615,700 |
+0.16% |
-6.90% |
|
Avg DOM |
32 |
41 |
32 |
-21.95% |
0.00% |
Highest Sale (May 2026): $1,450,000
Lowest Sale (May 2026): $180,000
Key Takeaway:
Row homes maintained balanced inventory levels and modest monthly price growth, though benchmark prices remain below year-ago levels.
Apartments
|
May 2026 |
Apr 2026 |
May 2025 |
MoM % Change |
YoY % Change |
|
|
Sales |
167 |
181 |
235 |
-7.73% |
-28.94% |
|
New Listings |
428 |
401 |
510 |
+6.73% |
-16.08% |
|
Sales to New Listings Ratio |
39.02% |
45.14% |
46.08% |
-13.56% |
-15.32% |
|
Inventory |
905 |
809 |
900 |
+11.87% |
+0.56% |
|
Months of Supply |
5.42 |
4.47 |
3.83 |
+21.25% |
+41.51% |
|
Benchmark Price |
$306,000 |
$309,900 |
$347,700 |
-1.26% |
-11.99% |
|
Avg DOM |
43 |
45 |
40 |
-4.44% |
+7.50% |
Highest Sale (May 2026): $1,225,000
Lowest Sale (May 2026): $150,000
Key Takeaway:
Apartments remain the most supply-heavy segment of the Inner City market, with elevated inventory levels and continued price declines both month-over-month and year-over-year.
Conclusion
May 2026 continues to highlight a segmented Inner City market:
• Detached homes remain relatively balanced with stable pricing.
• Semi-detached homes continue to benefit from limited supply and steady demand.
• Row homes show balanced market conditions but ongoing annual price softness.
• Apartments remain in buyer-favoured territory due to elevated inventory and declining prices.
Strategic pricing and property positioning remain important as market performance continues to vary significantly by property type.
