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The Calgary market continues to move toward more balanced conditions, but the trends vary significantly depending on the property type and location.

Detached homes remain relatively balanced with about 2.5 months of supply. While overall sales are down slightly compared to last year, activity has remained strongest in the entry-level market (under $600,000) and the luxury segment ($1.5M+). Some districts, particularly the Northeast, are seeing price declines, while others, such as the West, have remained stable.

Semi-detached homes continue to perform well. Inventory has improved, but conditions remain balanced, and several districts have reported price growth this year, including record highs in parts of the Northwest and West.

Row townhouses have experienced softer demand, with inventory levels rising and prices remaining more than 6% below last year's levels. Some areas of the city have seen price declines exceeding 10%.

Condominiums continue to face the most pressure. Increased competition from both the rental market and new construction has resulted in higher inventory levels, slower sales, and benchmark prices that are now 9% lower than they were a year ago.

This is a reminder that Calgary is not moving as one market. While some segments are experiencing downward pressure, others continue to show resilience.