Calgary Real Estate — March 2026The market is shifting — here’s what it means for youAfter years of frenzied seller conditions, Calgary’s housing market is settling into
Calgary and Area March Real Estate Report
Dated: April 2 2026
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Calgary Real Estate — March 2026
The market is shifting — here’s what it means for you
After years of frenzied seller conditions, Calgary’s housing market is settling into something more balanced. Prices are softer than last year, inventory is growing, and buyers are gaining ground — but the story changes dramatically depending on property type and neighbourhood.
City of Calgary — March at a glance
Benchmark price
$565,600
â–¼ 4.2% vs last year
Sales in March
1,881
â–¼ 12.8% vs last year
Homes for sale
5,395
â–² 4.7% vs last year
Months of supply
2.87
Up from 2.39 last year
What is “months of supply”? It’s how long it would take to sell every home currently listed at today’s pace. Under 2 months = strong seller’s market. 2–4 months = balanced market. Over 4 months = buyer’s market. Calgary sits at 2.87 months overall — balanced, but the picture varies a lot by property type.
Not all properties are created equal right now
The headline number masks a big divide. Detached homes are still tight. Condos are firmly in buyer’s market territory.
Detached
$741,300
Semi-Detached
$686,100
Row / Townhouse
$423,900
Apartment / Condo
$300,300
✓ For buyers
Condos are in clear buyer’s market territory with nearly 5 months of supply and prices down over 9%. If you’ve been priced out before, this is the best opportunity in years to get into a condo — especially in the North East, South East, and East districts where prices range from $225K–$317K.
✓ For sellers
Detached and semi-detached homes are holding the strongest. With only 2.2 months of supply on detached, conditions remain relatively tight — particularly in the West district where homes are moving in under 2 months. If you own a condo, expect longer days on market (now averaging 45 days) and price it competitively from day one.
✓ For investors
The condo correction (down 9.3% year-over-year, and prices have eased nearly 3% since Q4 2025) may represent a long-term buying opportunity. However, with 1,774 condo units in inventory — near the record high set during the 2008 financial crisis — there is meaningful supply competition in this segment right now.
Where you buy matters as much as what you buy
Calgary’s eight districts tell very different stories. The West end is still tight for sellers; the North East and East are clearly favouring buyers.
| District | Total benchmark | Year-over-year | Detached | Condo | Market feel |
|---|---|---|---|---|---|
| West | $719,500 | â–¼ 0.2% | $997,400 | $323,800 | Seller |
| North West | $622,600 | â–¼ 3.8% | $780,000 | $288,600 | Seller |
| South | $574,500 | â–¼ 2.6% | $714,000 | $277,400 | Seller |
| City Centre | $564,200 | â–¼ 3.9% | $964,700 | $308,800 | Balanced |
| South East | $550,400 | â–¼ 5.7% | $696,500 | $317,300 | Balanced |
| North | $524,700 | â–¼ 7.5% | $646,800 | $301,900 | Balanced |
| North East | $473,800 | â–¼ 8.2% | $574,800 | $264,400 | Buyer |
| East | $410,200 | â–¼ 5.1% | $504,500 | $225,300 | Buyer |
Looking outside Calgary? Here’s the rundown
| Community | Benchmark price | Year-over-year | Months of supply | Market feel |
|---|---|---|---|---|
| Chestermere | $707,900 | â–¼ 1.6% | 3.77 | Balanced |
| Okotoks | $618,100 | â–¼ 1.6% | 2.25 | Seller |
| Cochrane | $561,200 | â–¼ 3.6% | 3.49 | Balanced |
| High River | $510,300 | â–² 2.6% | 2.17 | Seller |
| Airdrie | $512,800 | â–¼ 5.8% | 3.32 | Balanced |
| Strathmore | $446,200 | â–² 0.4% | 3.40 | Balanced |
| Canmore | $1,074,300 | â–¼ 1.5% | 3.22 | Balanced |
✓ Outlying areas — buyer tip
High River is one of the few areas where prices are actually up year-over-year (+2.6%) and inventory remains lean at 2.17 months — genuine underlying demand. Airdrie has softened the most among suburbs (down 5.8%), partly due to new-home competition, which may offer value for buyers willing to look north of the city.
Three things to know heading into spring
Prices are off their peak — but not collapsing
Calgary’s detached benchmark peaked near $766K in early 2025. At $741K today, we’re seeing a measured correction, not a crash. The spring market typically brings price support as more buyers enter the market.
Days on market are rising
Homes are taking an average of 35 days to sell, up from 29 days last March. Buyers have more time to make decisions. Sellers who overprice are sitting — right-pricing from day one is more important than ever.
Sellers are accepting slightly less than asking
Homes are selling at 98.16% of asking price on average, down from 99.08% last year. That difference might sound small, but on a $700,000 home it means buyers are successfully negotiating $6,000–$10,000 off asking — something that rarely happened during the 2022–2024 run.
Source: CREB® Monthly Statistics Package, March 2026 — For the full report: City of Calgary & Calgary Region. All benchmark prices are unadjusted. Data compiled by Pillar 9 / CREB®. This information is intended as general market education and does not constitute financial or investment advice. Questions about your specific situation? Reach out — I’m happy to help.
Stacey Kelley
With a keen analytical mind and a passion for helping people, Stacey Kelley turns real estate transactions into seamless, stress-free experiences. Combining her background in Chemical Engineering Tech....
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