Market conditions diverge for detached homes, condos in Calgary
The Calgary real estate market is experiencing diverging trends, with tighter conditions for detached homes and favorable conditions for buyers in the condo market. The benchmark price for detached homes was $741,300 in March, while the monthly benchmark price for condos was $300,300, more than 9% lower than in March 2025.
Calgary's real estate market is seeing different trends for detached homes and condos. Detached homes have tighter conditions, with a sales-to-new-listings ratio of 61% in March. The benchmark price for detached homes was $741,300, down 3% from last year's peak. In contrast, the condo market favors buyers, with inventory levels above the 10-year average. The monthly benchmark price for condos was $300,300, slightly higher than February but 9% lower than in March 2025. Row homes and semi-detached homes also saw changes, with row homes experiencing a 19% drop in sales and semi-detached homes seeing a year-over-year increase in sales.
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