TRENDS DIFFER BASED ON PROPERTY TYPE
City of Calgary, Airdrie, Cochrane & Okotoks - Monthly Stats - April 1 2026
DETACHED
The detached market is exhibiting the tightest conditions compared to all other property types. With 982 sales and 1,614 new listings in March, the sales-to-new-listings ratio rose to 61%, while inventory levels remained similar to those reported last year. With just over 2 months of supply, conditions in March closely resembled those seen last year at this time.
However, conditions varied across the city, with less than 2 months of supply reported in the North West, West, South, South East and East districts. Meanwhile conditions were relatively balanced in both the City Centre and North districts, while the North East district continues to struggle with higher supply relative to demand.
The detached benchmark price was $741,300 in Mrach, down by 3% over last year’s peak price of $766,600. However, tight conditions in most parts of the city are driving some price gains. After the first quarter, the largest quarterly gain was reported in the West district, followed by the City Centre and South Districts.
SEMI-DETACHED
Semi-detached sales rose over last year’s levels for the second consecutive month, supported by improvements in new listings and inventory levels.
With 480 units in inventory and 193 sales, both levels are comparable to long-term trends and conditions remain relatively balanced.
As of March, the unadjusted benchmark price was $686,100 – slightly higher than last month and only 1% lower than last year’s levels.
Like other property types, there remains a range in price movements dependent on location. By the end of the first quarter, prices of trended up across most districts, but year-over-year prices remain below last year’s levels in all districts except the City Centre, North West and West Districts.
ROW/TOWNHOUSE
Row home sales continue to slow compared to last year in March, contributing to a first-quarter decline of 19%. The 788 sales in the first quarter were met with 1,581 new listings, keeping the sales-to-new-listings ratio just below 50% and supporting further inventory gains.
In March, there were 960 unit in inventory – 25% higher than long-term trends – causing the months of supply to rise to nearly 3 months. While the row market is relatively balanced in most areas of the city, conditions are favouring the buyer in the North East districts.
As of March, the unadjusted benchmark price in the city was $423,900, similar to last month and over 6% lower than levels reported last year.
After the first quarter, benchmark prices remain relatively comparable to levels reported in the previous quarter, as quarterly losses in the North East, North, South East and East districts offset the gains reported in the City Centre and West districts.
APARTMENT
Supply levels continue to rise for apartment-style units. With 1,774 units in inventory, levels are just shy of the record high for the month reported during the financial crisis in 2008. New supply growth, along with a sharp pullback in sales relative to new listings, has contributed to the rise in resale inventories.
With the sales-to-new-listings ratio hovering around 40% and nearly 5 months of supply, it is not surprising that prices struggle to improve.
As of March, the unadjusted benchmark price was $300,300 – slightly higher than the last month but over 9% lower than last year’s levels. After the first quarter of this year, apartment prices have eased by nearly 3% compared with the fourth quarter of last year. While prices eased across all districts, the largest declines occurred in the South and North districts, both exceeding 4%.
REGIONAL MARKET FACTS
AIRDRIE
With 135 sales and 251 new listings, the sales-to-new-listings ratio remained above 50%, supporting modest improvements in inventory and keeping the market relatively balanced at 3 months of supply. As conditions stay more balanced, prices are showing more signs of stabilizing.
In March the unadjusted benchmark price was $512,800, similar to last month but more than 5% lower than last year’s levels. Supply choice in the new-home market, along with more options in both Airdrie and North Calgary, has contributed to some of the recent price adjustments in the Airdrie market.
COCHRANE
Following a surge in February sales, activity in March eased. After the first 3 months of the year, sales totalled 235 units, comparable to levels reported last year. At the same time, new listings have been rising at a faster pace, and the sales-to-new-listings ratio has struggled to push above 50%. This has driven inventory gains and caused months of supply to trend up compared with the previous month.
Nonetheless, conditions are mostly in line with longer-term trends, reflecting relatively balanced conditions. This has helped support some of the typical seasonal gain in prices, but not enough to offset earlier pullbacks. Overall, the unadjusted benchmark price in March is $561,200, 4% lower than levels reported last year.
OKOTOKS
Improving sales in March were not enough to offset earlier pullbacks, and the first quarter sales eased slightly compared with last year. Meanwhile, new listings continued to increase, helping shift the market away from extremely tight conditions.
However inventory levels continue to remain relatively low, and the months of supply sit just over 2 months. As of March, the unadjusted benchmark price was $618,100, trending up compared to levels reported at the end of 2025 and supporting a modest quarterly gain. Despite the improvement, prices remain more than 1% lower than levels reported at this time last year.