Nearly eight weeks to sell a home, condos at more than five months of supply, and the most buyer-friendly market Calgary has had in six years.
In January 2026, Calgary’s benchmark home price was $553,400 — down 0.2% from December and 4.9% below January 2025. Sales fell 14.9% year-over-year to 1,233 while inventory reached 4,395 homes, 20.7% above last January. Supply was 3.6 months and a typical home took 54 days to sell, thirteen days longer than a year earlier. Apartment condos, at 5.3 months of supply, 65 days on market and $301,200, were down 7.7% year-over-year.
January 2026 at a glance
Calgary opened 2026 with homes taking 54 days to sell — nearly eight weeks — and 4,395 properties on the market, 20.7% more than last January. The benchmark eased 0.2% to $553,400, down 4.9% on the year. Apartment condos sat at 5.3 months of supply and took 65 days to sell. This was the most buyer-friendly January Calgary had recorded in this data, and the monthly price declines had slowed to almost nothing.
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 January) | $553,400 | ▼ -0.2% |
Sales, listings and inventory
| Month | Sales | New listings | Inventory | Days on market | Benchmark |
|---|---|---|---|---|---|
| February 2025 | 1,718 | 2,830 | 4,147 | 33 | $586,300 |
| March 2025 | 2,156 | 4,018 | 5,153 | 29 | $590,300 |
| 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 |
The headline numbers
| Metric | January 2026 | vs prev month | vs last year |
|---|---|---|---|
| Benchmark price | $553,400 | ▼ -0.2% | ▼ -4.9% |
| Sales | 1,233 | ▲ +9.8% | ▼ -14.9% |
| New listings | 2,785 | ▲ +128.5% | ▼ -3.8% |
| Inventory | 4,395 | ▲ +13.5% | ▲ +20.7% |
| Days on market | 54 | ▲ +1 day | ▲ +13 days |
A look by property type
| Property type | Benchmark | vs last year | Sales | Days on mkt | Months of supply |
|---|---|---|---|---|---|
| Detached | $724,000 | ▼ -3.4% | 656 | 48 | 2.7 |
| Semi-detached | $664,200 | ▼ -1.1% | 118 | 61 | 3.6 |
| Row / townhouse | $421,300 | ▼ -5.2% | 186 | 53 | 4.2 |
| Apartment condo | $301,200 | ▼ -7.7% | 273 | 65 | 5.3 |
The decline was losing steam
Monthly changes over the previous four months: -0.8%, -0.9%, -1.3%, -0.2%. January’s near-flat reading was the smallest decline since the correction began accelerating.
That is worth noting without over-reading it. January is a thin month and one reading proves nothing. But after eighteen months of steady erosion from the June 2024 peak, prices about 8.6% lower, and supply that had stopped growing, the conditions for a floor were assembling.
Condos at 5.3 months and 65 days
The apartment condo segment was the softest part of Calgary’s market by a wide margin: 5.3 months of supply, 65 days on market, and a benchmark of $301,200, down 7.7% year-over-year and roughly $40,200 below the August 2024 peak.
Sixty-five days means a condo seller in January 2026 was waiting more than two months for an offer. For a buyer, that translates directly into negotiating room — on price, on possession, and on repairs after an inspection.
Detached homes held up better, as usual
Detached homes at $724,000 were down 3.4% year-over-year with 2.7 months of supply and 48 days on market. Semi-detached were down just 1.1% to $664,200.
The spread between detached and apartment condos had widened through the whole correction: 3.4% against 7.7% over the past year. If you owned a condo and wanted a house, the trade had been getting steadily more expensive — the opposite of the situation in 2023.
What this meant if you were buying
January 2026 offered buyers the best combination of conditions in six years: prices down 8.6% from peak, 4,395 listings, eight weeks to decide, and sellers with no competing offers to fall back on.
If you had been waiting, the case for continuing to wait had weakened. Monthly declines had slowed to 0.2%, inventory growth had cooled from the 100%-plus readings of early 2025 to 20.7%, and the arithmetic of waiting — rent paid, plus the risk of rates moving — was starting to outweigh the savings on price.
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Source: CREB, January 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.
