Balanced Conditions in the City, Except for Apartment-Style Units

Detached homes remain the most contested segment: NW, West, and South districts are in seller's territory with under two months of supply, helping the $745,400 benchmark hold up better than other types at just -2.8% year-over-year.

Apartment condominiums are firmly in buyer's territory — with 4+ months of supply and inventory 27% above long-term averages, prices have dropped nearly 9% year-over-year to $301,400, creating a strong entry-level opportunity for buyers who are comfortable with more negotiating power.

The Row segment shows Calgary's widest price variation: the North East has over 11% year-to-date declines while the West is barely off last year at under 2% — the right street matters enormously in this segment right now.

Seasonal spring momentum is real but modest: the +0.6% month-over-month lift in the overall benchmark reflects typical spring activity, not a market reversal. Sellers in balanced segments still need sharp pricing to attract the shrinking pool of buyers.

Cochrane is outperforming with a sales-to-new-listings ratio above 70% — nearly seller's market conditions — while Okotoks holds its value best at $627,600, essentially flat with last April, reflecting its tight 2.5 months of supply.