What happened this month
Calgary reported 2,156 sales in March 2026, a 13 per cent decline from March 2025 but a sharp pickup from February, as the spring market arrived on schedule. The total residential benchmark rose to $565,600, continuing February’s recovery and landing roughly four per cent below the March 2025 peak of $590K.
New listings surged to 4,018, up nearly 24 per cent from February. Despite that supply increase, sales kept pace: the sales-to-new-listings ratio held at 54 per cent and months of supply stayed at 2.39, confirming that demand was absorbing new inventory rather than letting it accumulate. Average days on market fell to 29, down from 33 in February and 41 in January.
The detached benchmark climbed to $741,300, with just 2.13 months of supply, pulling the detached segment deeper into seller-friendly territory. Row and apartment segments saw improved sales but continued to carry above-average inventory. Apartment benchmarks held near $305K, still roughly seven per cent below March 2025 levels.
Community spotlight
March brought the largest monthly sample of detached sales in SW Calgary year-to-date, making the community averages below more representative than earlier months. The table summarizes nine communities where enough transactions closed to produce meaningful averages.
| Community | Avg detached sold price | Avg days on market | Sale-to-list |
|---|---|---|---|
| North Glenmore Park | $1,950,000 | 30 | -3.0% |
| Rutland Park | $1,660,000 | 11 | -2.2% |
| Aspen Woods | $1,466,857 | 17 | +1.1% |
| Altadore | $1,456,736 | 30 | -2.0% |
| Discovery Ridge | $1,264,500 | 34 | -3.0% |
| Signal Hill | $1,054,583 | 22 | -1.0% |
| Wildwood | $1,048,980 | 43 | -1.0% |
| Killarney-Glengarry | $846,546 | 27 | -2.0% |
| Glamorgan | $727,067 | 20 | -2.0% |
Source: Pillar 9 closed sales, Detached property type, March 2026.
North Glenmore Park’s monthly average was pulled up by one $2.5M luxury sale in a set of three. Aspen Woods cleared list on average, a positive signal for new-build inventory absorption. Rutland Park’s 11-day average reflects two fast sales, including a new-build that transacted on day zero. Wildwood’s 43-day average was weighted by one heritage home that sat 164 days before selling; the median Wildwood sale moved in under two weeks.
12-month benchmark trend
The benchmark climbed for the second consecutive month in March, putting two data points on the recovery line. The slope of the climb (about one per cent per month) is consistent with typical spring patterns, though still modest compared to the sharper recoveries Calgary saw in 2022 and 2023 spring markets.
| Month | Benchmark price |
|---|---|
| 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 |
| 2026-02 | $561K |
| 2026-03 | $566K |
What this means for buyers
March confirmed what February hinted at: the detached segment is back in seller’s-market territory in SW Calgary. Months of supply under 2.2, days on market under 30, and spring listing growth still catching up to demand means buyers should be ready to act. Pre-approval, a clear decision framework, and a realtor who can move at the pace of the market are more valuable than waiting for the “right time.” For row and apartment buyers, conditions remained friendlier. Supply was still elevated and sellers continued to accept conditions and negotiate on price.
What this means for sellers
Detached sellers entering March with realistic pricing saw strong interest. The average 29 days on market masks a meaningful split: well-prepared, correctly priced listings in sought-after SW communities moved in 5 to 15 days, while overpriced or poorly presented homes continued to sit well past the average. With spring listing volume still climbing and buyers increasingly committed, sellers who had been waiting for the market to “come back” finally had their window.
FAQ
Two months of price recovery. Is it safe to say the correction is over?
Two data points make a line, not a trend. February and March both showed modest benchmark gains, and the supply-side signals (tighter detached months of supply, faster days on market) are consistent with a genuine recovery rather than statistical noise. That said, Calgary markets can reverse quickly if interest rates shift or a major economic signal changes. April and May numbers will show whether the recovery is sustained. For transaction decisions, what matters more than the direction of the citywide benchmark is the specific conditions in your segment and community.
Why are some SW communities showing wider sale-to-list gaps in March?
Primarily sample composition. In months where a community has only two or three detached sales, one home that sold below list or one luxury sale skewing high can pull the average noticeably. The sale-to-list figures here are directional. The more reliable signal is days on market: communities where typical detached product moved in under 30 days were operating in balanced-to-tight conditions regardless of what the average sale-to-list looked like that month.