Home sales fall, inventory surges, prices decline slightly in Calgary

Calgary’s resale market saw a 16% year-over-year drop in sales and an 83% rise in inventory, leading to a 4% decline in the benchmark price to $586,200. The sales-to-new-listing ratio hit 54%, indicating a balanced market. Single-family homes held steady at $764,300, while semi-detached homes rose 2% to $696,400. Apartment condos experienced the largest sales decline at 33%. Months of supply increased significantly across all housing types.