A second month of gains, seven days off selling times, and new listings down 15% — the supply advantage is narrowing.
In March 2026, Calgary’s benchmark home price was $564,500 — up 0.9% from February, a second consecutive gain, though still 4.4% below March 2025. Sales rose 23.2% on the month to 1,877, down 12.9% year-over-year. New listings fell 15.2% year-over-year to 3,408, and inventory of 5,404 homes was just 4.9% above last March. Supply tightened to 2.9 months and a typical home took 35 days to sell, seven days faster than February.
March 2026 at a glance
Calgary’s recovery continued into March, with the benchmark up 0.9% to $564,500 and selling times down to 35 days from 42. The more consequential number was new listings: 3,408, down 15.2% year-over-year. Inventory of 5,404 homes was only 4.9% above last March, against increases above 100% a year earlier. Supply tightened to 2.9 months. The window in which buyers held clear advantage was starting to close.
Calgary prices over time
| Year | Benchmark price | Change on the year |
|---|---|---|
| 2014 | $459,500 | — |
| 2015 | $448,800 | ▼ -2.3% |
| 2016 | $434,100 | ▼ -3.3% |
| 2017 | $433,200 | ▼ -0.2% |
| 2018 | $424,600 | ▼ -2% |
| 2019 | $415,900 | ▼ -2% |
| 2020 | $421,300 | ▲ +1.3% |
| 2021 | $463,900 | ▲ +10.1% |
| 2022 | $518,800 | ▲ +11.8% |
| 2023 | $565,200 | ▲ +8.9% |
| 2024 | $582,100 | ▲ +3% |
| 2025 | $554,700 | ▼ -4.7% |
| 2026 (to March) | $564,500 | ▲ +1.8% |
Sales, listings and inventory
| Month | Sales | New listings | Inventory | Days on market | Benchmark |
|---|---|---|---|---|---|
| April 2025 | 2,230 | 4,037 | 5,868 | 29 | $589,200 |
| May 2025 | 2,559 | 4,840 | 6,744 | 32 | $588,300 |
| June 2025 | 2,284 | 4,223 | 6,944 | 33 | $584,600 |
| July 2025 | 2,096 | 3,911 | 6,919 | 37 | $581,100 |
| August 2025 | 1,986 | 3,477 | 6,659 | 38 | $576,000 |
| September 2025 | 1,716 | 3,782 | 6,919 | 42 | $571,400 |
| October 2025 | 1,879 | 3,232 | 6,472 | 43 | $566,200 |
| November 2025 | 1,547 | 2,251 | 5,587 | 49 | $559,000 |
| December 2025 | 1,123 | 1,219 | 3,873 | 53 | $554,700 |
| January 2026 | 1,233 | 2,785 | 4,395 | 54 | $553,400 |
| February 2026 | 1,523 | 2,766 | 4,829 | 42 | $559,400 |
| March 2026 | 1,877 | 3,408 | 5,404 | 35 | $564,500 |
The headline numbers
| Metric | March 2026 | vs prev month | vs last year |
|---|---|---|---|
| Benchmark price | $564,500 | ▲ +0.9% | ▼ -4.4% |
| Sales | 1,877 | ▲ +23.2% | ▼ -12.9% |
| New listings | 3,408 | ▲ +23.2% | ▼ -15.2% |
| Inventory | 5,404 | ▲ +11.9% | ▲ +4.9% |
| Days on market | 35 | ▼ -7 days | ▲ +6 days |
A look by property type
| Property type | Benchmark | vs last year | Sales | Days on mkt | Months of supply |
|---|---|---|---|---|---|
| Detached | $741,300 | ▼ -3.3% | 977 | 31 | 2.2 |
| Semi-detached | $682,900 | ▼ -0.8% | 194 | 38 | 2.5 |
| Row / townhouse | $424,500 | ▼ -6.2% | 322 | 37 | 3.0 |
| Apartment condo | $300,300 | ▼ -9.3% | 384 | 45 | 4.6 |
The supply advantage is narrowing fast
Year-over-year inventory growth through this cycle: 116.1% in April 2025, 48.3% in August, 28.3% in November, 20.7% in January 2026, 16.4% in February, 4.9% in March.
That is a rapid deceleration, and it happened because new listings turned negative — down 15.2% on the year in March. The rebalancing of 2024 and 2025 was driven by a wave of previously locked-in sellers. That wave has passed.
Prices up 2% from the January low
From $553,400 in January to $564,500 in March — a gain of 2% in two months, after eighteen months of decline. Detached homes rose from $724,000 to $741,300 over the same period.
It’s still early, and prices remained 4.4% below last March and about 6.7% below the June 2024 peak. But two consecutive monthly gains alongside tightening supply and faster sales is a consistent set of signals rather than a single noisy reading.
Condos are still the exception
Apartment condos at $300,300 were down 9.3% year-over-year with 4.6 months of supply and 45 days on market. Row homes at $424,500 were down 6.2% with 3.0 months.
The recovery in Calgary was concentrated in detached and semi-detached housing. The affordable segments, which carried the most supply and had the furthest to fall, were still adjusting. For a buyer in those segments, the favourable conditions had not yet expired.
What this meant if you were buying
March was the month to stop assuming time was on your side if you wanted a house. Detached supply had fallen to 2.2 months and those homes were selling in 31 days — a meaningfully more competitive market than three months earlier.
For condo and townhouse buyers the calculus was different, with 4.6 and 3.0 months of supply respectively. But the direction of travel was the same across the whole market, and buyers who had been waiting for a better entry point were, by March 2026, closer to the end of that window than the start.
Frequently asked questions
The window is narrowing.
Detached supply has tightened to 2.2 months. If you’re buying a house this year, let’s get your approval done now.
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Source: CREB, March 2026 (City of Calgary geography). Prices shown are benchmark (HPI) values. Month-over-month compares to the prior month; year-over-year to the same month last year. The board may revise past months as late sales are recorded. Prepared by Mortgages for Less.
