Ellen Fang

🏡 Calgary Housing Market Update – May

Inventory continued to rise this spring, reaching 6,752 units in May. While similar to last year's levels, inventory remains above long-term averages, largely due to increased supply in the apartment and row-home sectors.

📊 May Highlights
• 2,162 sales (⬇️ 16% year-over-year)
• Sales-to-new-listings ratio: 51%
• Inventory: 6,752 units
• Market conditions remain balanced overall

🔹 Detached Homes
Inventory remains tight, sitting below both last year's levels and long-term trends. With only about 2.5 months of supply, detached homes continue to be the strongest segment of the market.

🔹 Apartments & Condos
Supply continues to build, with more than 5 months of inventory available. Increased competition from both the new-home and rental markets is creating favorable conditions for buyers.

💰 Prices
• Overall benchmark price: $570,500
• Up from $554,400 in January
• Still 3% lower than May 2025

Detached homes led the spring price gains, rising from $724,000 in January to $747,800 in May. Meanwhile, apartment prices remain below January levels and are down 9% year-over-year.

📌 Bottom Line
Calgary's market continues to tell two different stories. Detached homes remain relatively tight and resilient, while condos and apartments face growing supply and increased buyer choice. Overall prices have remained fairly stable as gains in detached homes offset softness in the apartment sector.

Thinking about buying or selling in today's market? Let's connect and discuss how these trends may impact your plans.

Yunling (Ellen) Fang ⁣ ⁣
📱(403) 606-4003 ⁣
✉️[email protected] ⁣
🌐ellenfang.myagent.site