What happened this month
Calgary reported 1,234 sales in January 2026, a 15 per cent year-over-year decline but in line with typical levels for the month. The total residential benchmark price landed at $554,400, down nearly five per cent from January 2025 as steep drops in row and apartment segments dragged the composite lower.
New listings rose to 2,785 units and inventory climbed to 4,391, the highest January level since 2020. That supply shift pushed the sales-to-new-listings ratio down to 44 per cent and months of supply to 3.56, both signalling a softer market than the tight conditions Calgary carried through 2023 and 2024.
The property-type split drove the headline. Detached homes held the line at $724,000 with just 2.67 months of supply, keeping the detached segment in balanced-to-tight territory. Apartment-style units told a different story: inventory reached 1,435 units, the highest January on record, and the apartment benchmark slipped eight per cent year-over-year to $301,200. Row homes also softened, with the benchmark down five per cent to $420,800 amid four months of supply.
Community spotlight
The table below summarizes January 2026 detached activity for nine SW Calgary communities: average sold price, average days on market, and sale-to-list spread (negative = sold under list, positive = sold over list). These are detached-only figures, pulled from Pillar 9 closed transactions, and represent relatively small monthly samples, so individual community numbers can swing with the mix of homes that transacted that month.
| Community | Avg detached sold price | Avg days on market | Sale-to-list |
|---|---|---|---|
| Altadore | $1,634,750 | 27 | -1.9% |
| Aspen Woods | $1,533,125 | 28 | +3.0% |
| Discovery Ridge | $1,252,214 | 17 | +2.1% |
| Signal Hill | $1,162,283 | 31 | +0.9% |
| Killarney-Glengarry | $1,053,980 | 39 | -1.9% |
| North Glenmore Park | $1,013,333 | 21 | -1.3% |
| West Springs | $942,750 | 31 | +3.8% |
| Glamorgan | $900,000 | 91 | -2.7% |
| Wildwood | $643,333 | 53 | -2.0% |
Source: Pillar 9 closed sales, Detached property type, January 2026.
A few patterns stand out. Discovery Ridge and Aspen Woods both cleared list on average, reflecting genuine demand for newer west-side inventory. Altadore’s high average is anchored by two sales above $2M that skew the month; the median sale was closer to $1.35M. Glamorgan’s 91 days on market is a one-home artifact, not a community-wide signal. Wildwood and Killarney showed the clearest buyer negotiating room.
12-month benchmark trend
The chart below traces Calgary’s total residential benchmark from February 2025 through January 2026. Prices peaked near $590K through spring 2025 and eased steadily through summer and fall as new listing growth outpaced sales.
| Month | Benchmark price |
|---|---|
| 2025-02 | $582K |
| 2025-03 | $586K |
| 2025-04 | $590K |
| 2025-05 | $590K |
| 2025-06 | $586K |
| 2025-07 | $582K |
| 2025-08 | $577K |
| 2025-09 | $573K |
| 2025-10 | $568K |
| 2025-11 | $559K |
| 2025-12 | $555K |
| 2026-01 | $554K |
What this means for buyers
Detached buyers in SW Calgary faced tight conditions in January. With under three months of supply citywide for detached product and even less in the West district, well-priced homes continued to move quickly. The softer headline price does not translate into leverage on quality detached listings. For apartment and row buyers, January offered real room. Months of supply above four on row product and above five on apartments meant sellers were more willing to negotiate on price, conditions, and possession timing.
What this means for sellers
Pricing to current comparables rather than 2024 peaks was the single most important decision in January. Detached sellers in established SW communities still commanded strong interest when priced correctly, but overconfident pricing led to days-on-market well above average. For condo and row sellers, condition and presentation mattered more than usual because buyers had options.
FAQ
Why did Calgary's benchmark drop year-over-year despite detached holding steady?
The total residential benchmark is a weighted composite of detached, semi-detached, row, and apartment prices. Through 2025, row and apartment inventory built up sharply, which pushed prices in those segments down five to eight per cent year-over-year. Detached held much better. The composite dropped because the softer segments pulled the average down, not because the detached market collapsed.
Is January a good time to list or buy in SW Calgary?
January activity is always lighter than spring. Buyers who are serious in January tend to be prepared and ready to move, which can work in a seller’s favour despite the lower transaction count. Spring typically brings more listings and more buyers. Whether to list in January or wait depends on your specific property, your timeline, and how much competition you want to face.