By Ryan Van Spengen, REALTOR® | Karakter Realty, brokered by Grassroots Realty Group
Published July 6, 2026 · Data Source: CREB® June 2026 Statistics, released July 2, 2026
Two things happened in Calgary in June, and they point in opposite directions. Detached homes in the City Centre and West districts set record-high benchmark prices. Apartment condominiums fell through $300,000, landing at $299,000, roughly 12% below their August 2024 peak of $341,300.
The citywide benchmark of $572,500 sits between those two facts and describes neither of them. That is the problem with a headline number in a market this segmented. A 2% annual decline citywide covers a West district detached market up 3.72% and a North East apartment market down 14.59%. Eighteen points of spread inside one city.
Calgary Snapshot, June 2026
$572,500
Benchmark Price
↓ 2.07% YoY · ↑ 0.35% MoM
2,197
Homes Sold
↓ 3.81% vs June 2025
3,899
New Listings
↓ 7.67% · 56% sales-to-new-listings
6,799
Inventory
3.09 months of supply
Sales improved from May's 2,162 and finished just below the long-term June average. New listings fell faster than sales did, down 7.67% to 3,899, which pushed the sales-to-new-listings ratio up to 56.35% and stalled the inventory build that ran through the spring. Months of supply held at 3.09. Homes took 37 days to sell, four days longer than last June, and closed at 98.02% of list price.
Year to date, Calgary has recorded 11,092 sales against 12,396 through the same point in 2025, a 10.52% decline. The pullback is concentrated: apartment condominium sales are down 26.53% so far this year, while detached sales are down just 2.98%.
The Four Markets Inside Calgary's Market
Balanced, Tight
Detached Homes
$750,500
↓ 1.42% YoY · ↑ 0.36% MoM · 2.49 months supply
The only segment with sales up year-over-year: 1,202 units, a 0.84% gain, carried by homes over $1,000,000 and under $600,000. New listings dropped 6.86% to 1,997, lifting the sales-to-new-listings ratio to 60.19% and pulling months of supply down to 2.49 from 2.61 last June. Inventory of 2,987 is 3.86% below last year. Detached homes sold in 31 days at 98.56% of list. Supply never rebuilt here, and it shows in the pricing.
Balanced
Semi-Detached Homes
$694,600
↑ 0.17% YoY · ↑ 0.96% MoM · 2.50 months supply
The quiet outperformer. Sales rose 10.38% to 234 units against 363 new listings, a 64.46% ratio and the tightest of any segment. Year-to-date sales of 1,150 are within 1.12% of last year. The benchmark is now marginally above June 2025, the only property type in Calgary that can say so. City Centre semis reached a record $971,800 and North West gained 3.26% to $699,400. North East semis fell 6.15%.
Softening
Row / Townhomes
$424,100
↓ 5.55% YoY · ↑ 0.28% MoM · 3.41 months supply
338 sales against 608 new listings. Both eased, which held the ratio at 55.59% and kept inventory from climbing further, but 1,152 units still sits well above long-term June levels. Months of supply of 3.41 is the top end of balanced. Prices are down year-over-year in every single district, from 2.27% in the South to 10.88% in the North East and 9.99% in the East. Row homes took 41 days to sell, eight days longer than last June.
Buyer's Market
Apartment Condos
$299,000
↓ 8.95% YoY · ↓ 0.47% MoM · 4.91 months supply
423 sales, down 20.34%, against 931 new listings. The ratio of 45.44% is the only segment below 50%, which is the line where supply keeps building no matter what listings do. Inventory of 2,076 units is slightly below last June but more than 24% above typical June levels. Months of supply of 4.91 is buyer's territory by any Calgary definition. Apartments took 49 days to sell at 96.75% of list, the widest discount in the city.
"The easing of demand for resale homes does not come as a surprise given the recent decline in migration, which is impacting both rental and ownership demand for higher-density homes. Inventory growth has mostly occurred in high-density homes, resulting in buyer's market conditions and steep price adjustments for condominium apartments. While it will take time to absorb the high-density supply, detached supply growth has been limited and some districts are reporting record-high prices.", Ann-Marie Lurie, CREB® Chief Economist, July 2 2026
What's Driving the Calgary Market in June 2026
The condo pipeline outlived the demand that justified it
Calgary approved and started apartment construction on the assumption that migration would hold at 2023 levels. It didn't. International migration in particular fell off, and that hits high-density housing twice: once through the rental market, which sets the investor case, and once through first-time ownership demand. The units kept completing anyway. Apartment inventory of 2,076 in June is 24% above the normal June level, and the resale market is competing with brand-new product and a softer rental market at the same time.
Detached supply never rebuilt, so detached prices held
Detached inventory of 2,987 units is below last June and below long-run norms. That single fact explains most of the divergence in this report. With 2.49 months of supply, sellers of well-presented detached homes are still negotiating from a reasonable position. In the West district, months of supply is 1.90. In the North West it is 2.07, in the South 2.15, and in the South East 2.16. Those are seller's-market numbers sitting inside a city CREB describes as balanced.
Row homes are the segment to watch
Row is where the pressure moved next. The benchmark is down 5.55% year-over-year with declines in all eight districts, and 3.41 months of supply is the highest of the three lower-density types. Row homes were the affordability pressure valve during 2022 and 2023, when buyers priced out of detached moved sideways into townhomes. New apartment and new row supply has taken that pressure off. If you bought a Calgary row home in 2024, June 2026 is a good month to get a real valuation rather than assume.
Fewer sellers, not more buyers
The sales-to-new-listings ratio improved to 56% in June, and that reads like strengthening demand until you look at how it got there. Sales fell 3.81%. New listings fell 7.67%. The ratio improved because sellers stepped back, not because buyers stepped up. That distinction matters for anyone timing a listing: the competition you face this autumn depends on whether those sellers stay out of the market or come back.
Same City, Eight Different Markets
Detached is the segment most Calgary owners care about, and it is also the segment with the widest district spread. Here is every district, June 2026.
Swipe for more columns →
District
Sales
New Listings
Inventory
Months Supply
Benchmark
YoY
City Centre
134
235
366
2.73
$996,800
+1.06%
West
121
172
230
1.90
$1,025,000
+3.72%
North West
168
269
348
2.07
$791,500
−0.64%
South
243
380
523
2.15
$724,100
−2.10%
South East
201
314
434
2.16
$700,800
−3.11%
North
173
282
434
2.51
$651,600
−4.25%
North East
127
266
524
4.13
$560,700
−6.80%
East
32
74
116
3.63
$489,400
−5.03%
Total City
1,202
1,997
2,987
2.49
$750,500
−1.42%
Detached homes, City of Calgary by district. Source: CREB® June 2026 City of Calgary Monthly Statistics Package.
The gap between a West district detached home and a North East detached home is not 10%. It is $464,300 in price and 2.23 months in supply, and the two are moving away from each other, not toward each other. City Centre and West both set record highs in June. North East is at 4.13 months of supply with a 47.74% sales-to-new-listings ratio, which is excess supply by any reading.
The apartment picture is more uniform, because the pressure is city-wide rather than district-specific.
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District
Sales
Inventory
Months Supply
Benchmark
YoY
City Centre
177
912
5.15
$305,700
−8.86%
West
36
173
4.81
$327,300
−7.75%
South East
46
213
4.63
$319,800
−7.76%
North
38
172
4.53
$301,000
−9.58%
North West
41
177
4.32
$295,100
−7.55%
South
56
238
4.25
$277,200
−9.59%
North East
21
132
6.29
$254,600
−14.59%
East
8
57
7.13
$214,500
−15.42%
Total City
423
2,076
4.91
$299,000
−8.95%
Apartment condominiums, City of Calgary by district. Source: CREB® June 2026 City of Calgary Monthly Statistics Package.
Every district is negative. The mildest is the North West at 7.55%, and CREB called that out as the best-performing apartment district in the city. That is the shape of a supply problem rather than a location problem, and supply problems clear on a schedule set by construction, not by sentiment.
What I'm seeing on the ground
June matched the numbers almost exactly. Detached listings in Aspen Woods, West Springs, Signal Hill and Springbank Hill were pacing in under two weeks when they were priced to the recent comparables and properly prepared. On the west side I had multiple-offer situations on homes that would have sat in 2019.
Condo showings are a different job now. Buyers are walking into three comparable units in the same building, and they know it. The offers I saw in June came in with price conditions, longer possession windows, and requests for the seller to cover things nobody asked about two years ago. That is not a bad market, it is a market where the seller has to do the work.
Your block is not your district and your district is not the city. If you want to know what your specific address is doing right now, that is a phone call, not a report. 403-998-4274.
Around Calgary: Airdrie, Cochrane, Okotoks
Excess Supply
Airdrie
$516,900
↓ nearly 4% YoY · ↑ slightly from May · 4+ months supply
Year-to-date sales are down 14%. New listings eased in June, but sales eased faster, dropping the ratio to 47% and pushing inventory to 538 units. Airdrie is absorbing resale supply while competing with its own new-home market and with Calgary. Prices fell across every property type, with the steepest declines in higher-density homes.
Balanced
Cochrane
$580,200
↓ under 2% YoY · fifth straight monthly gain · 3+ months supply
The one regional market still posting monthly price gains. Year-to-date sales of 569 units are slightly ahead of last year, and the sales-to-new-listings ratio stayed above 60%. Inventory eased to 323 units. Months of supply pushed just above three, which is looser than earlier in the year but still tight enough to support the price trend.
Tight
Okotoks
$618,600
↓ under 2% YoY · flat from May · low supply
70 sales against 89 new listings, a 79% ratio that stopped inventory from building at all. Supply has improved from last year but remains below long-term trends, especially for detached. Okotoks has been supply-constrained since 2021, and that is still the binding constraint on anyone trying to buy in.
What This Means If You're Going Through a Life Transition
Most of my clients are not running a routine sale. They are downsizing, settling an estate, relocating, or moving up before a second child arrives. The June numbers change the arithmetic on each of those differently.
Settling an estate: Executors have a duty to establish and defend a market value, and June gives you a clean way to do it. Detached values in most districts are within 3% of last year and rising month over month. That is a defensible number to put in front of beneficiaries. The trap is an estate condo in the North East or East districts, where benchmarks are down 14.59% and 15.42% year-over-year. A twelve-month-old appraisal is not a current number in that segment, and using one will cost the estate money.
Upsizing: The condo-to-detached move got harder in June, not easier. Your condo sale is 8.95% behind where it was a year ago, and the detached home you want is roughly flat. That spread widened. If you are moving up from a row home you are in similar shape at 5.55% down. The counter-argument is real: detached supply is 3.86% below last year and the West and North West districts are running under 2.1 months. Waiting for your condo to recover risks paying more for the detached side. Ryan runs both sides of that number before anyone lists.
Every transition is different, and the playbook is not off the shelf. If you want to know exactly where your property sits in this market, and what that means for your situation, let's talk.
Frequently Asked Questions, Calgary Real Estate, June 2026
What is the benchmark home price in Calgary in June 2026?
$572,500, up 0.35% from May's $570,500 and 2.07% below June 2025 (CREB, July 2 2026 release). By type: detached $750,500, semi-detached $694,600, row $424,100, apartment $299,000.
Why did Calgary condo prices fall below $300,000?
Supply. Apartment inventory of 2,076 units is more than 24% above a typical June, and the sales-to-new-listings ratio of 45.44% means listings are still arriving faster than they clear. Several consecutive years of record construction met a sharp drop in migration, which cut both rental and ownership demand for high-density homes at the same time.
How many homes sold in Calgary in June 2026?
2,197, up 1.6% from May but 3.81% below June 2025 and just under the long-term June average. New listings fell harder, down 7.67% to 3,899.
Which Calgary districts set record detached prices in June 2026?
City Centre at $996,800 and West at $1,025,000. The West district also had the strongest annual growth in the city at 3.72%, on 1.90 months of supply.
Which part of Calgary is falling fastest?
The North East and East districts, across every property type. North East apartments are down 14.59% year-over-year, East apartments 15.42%, North East row homes 10.88%, and North East detached 6.80%. Both districts are running above 3.6 months of supply on detached and above 6 months on apartments.
Is now a good time to sell a detached home in Calgary?
In the West, North West, South and South East districts, yes. All four are under 2.2 months of supply with a sales-to-new-listings ratio above 62%, and detached inventory citywide is 3.86% below last June. In the North East, at 4.13 months of supply and a 47.74% ratio, expect a longer marketing period and price accordingly.
How long does it take to sell a home in Calgary right now?
37 days citywide in June, four days longer than last June, at 98.02% of list price. By type: detached 31 days, semi-detached 36, row 41, apartment 49. Apartments closed at 96.75% of list, detached at 98.56%.
Who should I call in Calgary for a life-transition sale?
Downsizing and upsizing moves and estate sales need a different structure than a standard transaction, from how the listing agreement is signed to how offers get communicated between parties. As a licensed Calgary REALTOR® with Karakter Realty, brokered by Grassroots Realty Group, that is the work Ryan is set up for. Call or text: 403-998-4274.
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Data sourced from the CREB® June 2026 City of Calgary Monthly Statistics Package and Calgary Region Monthly Statistics Package, released July 2, 2026. All benchmark prices are unadjusted CREB® composite benchmarks (MLS® HPI), not average or median sold prices. This report is for informational purposes only and does not constitute financial or investment advice. Ryan Van Spengen is a licensed REALTOR® with Karakter Realty, brokered by Grassroots Realty Group. CREB® and REALTOR® are registered trademarks of their respective owners.
