Calgary recorded 1,234 residential sales in January, a 15% decline compared with last year. While this may sound steep, it aligns with typical seasonal patterns, as January is traditionally slower following the December holiday period. The decline was most pronounced in high-density homes, such as row houses and apartments, reflecting buyer caution in segments where supply is increasing.
“Potential buyers for high-density homes were more hesitant to return to the market in January, as increased supply across the market has reduced the sense of urgency,” said Ann-Marie Lurie, CREB®’s Chief Economist.
Sales vs. Listings
Sellers were quick to bring new listings to market, pushing the sales-to-new-listings ratio down to 44%—a reflection of the larger number of options available, particularly in apartments and row-style homes. Overall, this is not unusual for January, as both buyers and sellers weigh their options ahead of the spring market.
Inventory rose to 4,391 units, the highest January level since 2020, with row and apartment homes seeing the largest increases. This has created a range in months of supply:
Detached homes: under 3 months
Apartment-style units: 5 months
The market is showing stable conditions for detached and semi-detached homes, but high-density properties continue to face downward pressure on prices due to oversupply.
Property Type Breakdown
Detached Homes
Sales: 657
New listings: 1,243
Inventory: 1,753 units
Sales-to-new-listings ratio: 53%
Benchmark price: $724,000 (down ~3% YoY)
Detached homes remain relatively balanced, with less than three months of supply. Price declines are modest and vary by district, with some areas holding steady while others, like the North East, saw larger pullbacks. Insight: For buyers, detached homes may offer stable opportunities, while sellers may need strategic pricing in areas seeing sharper declines.
Semi-Detached Homes
Sales: 118
New listings: 251
Months of supply: 3.5
Benchmark price: $667,000 (down ~1% YoY)
Semi-detached homes continue to show balance, though increased supply is contributing to more stable pricing. Growth in new listings outpaced sales, signaling a market where buyers have choices but competition is still manageable.
Row Homes
Sales: 186 (down ~25% YoY)
Months of supply: 4+
Benchmark price: $567,000 (down 5% YoY)
Row homes are facing high inventory levels, particularly in oversupplied districts like the North East and East. Despite stable month-to-month prices, year-over-year declines indicate ongoing pressure, making this a buyer-friendly segment.
Apartment Condominiums
Sales: 273
New listings: 787
Months of supply: 5+
Benchmark price: $301,200 (down 8% YoY)
Apartment-style units continue to experience high inventory and weaker demand, pushing prices lower. Buyers can find opportunities, but sellers in this segment may face challenges without competitive pricing.
Regional Insights
Airdrie: Sales remain strong at 106 units, but inventory is creeping higher, keeping months of supply just above three months. Prices are modestly up month-over-month but down 5% YoY, reflecting last year’s pullbacks.
Cochrane: New listings hit a January record at 149, but sales are slow at 54 units. With five months of supply, benchmark prices have dropped slightly to $550,800. Insight: Oversupply is giving buyers more leverage in Cochrane.
Okotoks: Inventory remains tight at 79 units with a sales-to-new-listings ratio of 63%. Prices are stable at $599,500, slightly lower than last year. Insight: Low inventory keeps this market competitive, especially for detached homes.
What This Means for Buyers and Sellers
Buyers: High-density homes (apartments and row homes) offer more choices and negotiating power due to oversupply. Detached and semi-detached homes remain balanced but may require timely action in desirable areas.
Sellers: Pricing strategy is key, especially in oversupplied segments. Detached homes are holding value better, while apartments and row homes may need realistic pricing to attract buyers.
Overall: January reflects a cautious start to 2026, with inventory rising but pricing stabilizing in most sectors. As spring approaches, the market is likely to see increased activity, particularly in detached and semi-detached homes.
This update is based on the January 2026 Calgary market statistics released by the Calgary Real Estate Board (CREB®), reflecting key trends in sales, inventory, pricing and supply going into the new year. If you’re wondering how these shifts impact your buying power or what they mean for selling your home in your community, we’re here to help. Whether it’s understanding how current conditions affect your list price or what opportunities exist for buyers with today’s increased inventory, contact us for personalized insight and strategic advice tailored to your goals in 2026.
Read the CREB Now Blog Here: https://www.creb.com/News/CREBNow/2026/February/January_2026_Stats/
Click here to view CREB’S full City of Calgary monthly stats package.
Click here to view CREB’S full Calgary region monthly stats package.
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