Real Estate Blog

CALGARY HOUSING MARKET UPDATE – (MAY 8, 2026)

CALGARY DAILY HOUSING SUMMARY
Calgary recorded 82 residential sales on May 7, up from 72 on May 6 and 66 on May 5. New listings came in at 308, while active inventory rose to 6,328 homes.

Inventory levels are continuing to climb, signaling a gradual shift toward more balanced conditions.

SEVEN-DAY TRAILING TRENDS (MAY 1–7)
Total residential sales reached 453, down 16.27% compared to the same period last year.

New listings totaled 1,038 (-6.23% YoY), while active inventory increased 2.71% to 6,328 homes.

The median price declined 7.83% to $553,000, while the average price decreased 3.04% to $618,264.

Days on market averaged 36 days, up significantly from 33 days last year, reflecting slower absorption.

MONTH-TO-DATE MARKET CONTEXT (MAY)
So far in May, Calgary has recorded 453 total sales, down 16.27% year over year.

New listings are at 1,038 (-6.23%), while active listings have risen to 6,328 (+2.71%).

The median price sits at $553,000 (-7.83%), and the average price is $618,264 (-3.04%).

The early-month trend shows softer pricing and increased supply.

YEAR-TO-DATE PERFORMANCE
Year-to-date sales total 7,191, down 11.16% from 2025.

New listings are at 13,827 (-7.15%).

The median price is $574,500 (-0.95%), while the average price has increased modestly to $636,345 (+1.10%).

Days on market remain elevated at 40 days compared to 32 days last year.

MARKET INSIGHTS
• Sales activity continues to lag behind last year, especially into early May
• Inventory is rising, giving buyers more choice and negotiating power
• Prices have softened in the short term, particularly in weekly trends
• Longer days on market confirm a slower, more balanced pace

MARKET SUMMARY
Calgary’s housing market is clearly transitioning. Rising inventory and declining short-term prices suggest reduced urgency among buyers, while sellers are facing more competition. The market is moving away from the tight conditions of previous years toward a more balanced and sustainable environment.