Detached Pockets Hit Record Highs While High-Density Supply Pulls Condo Prices Lower

Detached homes are Calgary's stabilizing force: 1,202 June sales matched last year's pace, and the benchmark price climbed to $750,500 (down just 1.4% YoY). The City Centre and West districts both reached record-high prices, with the West posting nearly 4% annual growth under seller's market conditions, while buyer's conditions in the North East drove declines approaching 7%.

Semi-detached is effectively back to flat year-over-year at $694,600 (+0.2%), with 234 sales against 363 new listings pushing the sales-to-new-listings ratio above 60%. The North West, West and City Centre districts all set new record highs in June, while the North East fell nearly 6%.

Row homes continue to adjust under extra supply: the benchmark eased to $424,100, 5.5% below last year, with declines in every district ranging from 2% in the South to 10% in the North East and East. At 3.4 months of supply, the segment sits at the upper end of balanced.

Apartment condominiums remain the clear buyer's market: the $299,000 benchmark is down almost 9% year-over-year, year-to-date sales have fallen 26%, and inventory of 2,076 units is more than 24% above typical June levels. With a 45% sales-to-new-listings ratio and nearly five months of supply, prices fell furthest in the North East and East districts (down over 14%).

The supply picture is finally tightening: new listings pulled back 7.7% to 3,899, lifting the citywide sales-to-new-listings ratio to 56% from 51% in May and capping active inventory at 6,799 units. Homes are taking a little longer to sell, though, with median days on market at 37 versus 34 in May.

Around the region, Cochrane is the standout with five straight months of price gains lifting its benchmark to $580,200, while Okotoks held stable at $618,600 on a tight 79% sales-to-new-listings ratio. Airdrie is the soft spot: months of supply pushed above four and its $516,900 benchmark sits nearly 4% below last year.