The Calgary housing market kicked off 2026 with steady pricing, shifting inventory levels, and a noticeable improvement in sales compared to the slower winter months. Here’s what January’s numbers reveal.
Inventory Remains Elevated, But Lower Than Late 2025
Calgary recorded 4,391 active listings in January. While inventory is still up 20.6% year-over-year, it’s a decline from the higher levels seen at the end of 2025. This suggests the market may be beginning the year with slightly tighter supply, especially in certain price ranges.
Home Prices Hold Essentially Flat
The benchmark sales price came in at $554,400, showing virtually no change month-to-month (+0.05%). However, prices remain down 4.7% compared to January last year, highlighting ongoing price adjustment as the market balances increased supply and evolving buyer demand.
Sales Activity Shows Resilience
January saw 1,234 sales, representing only a modest 3.8% decrease year-over-year. Compared to the sharper sales declines recorded in late 2025, this smaller drop may indicate renewed buyer activity as the spring market approaches.
Data provided by the Calgary Real Estate Board. For more information, visit their website.
