Calgary real estate shifts: 77% of homes sell at or below list
Buyers gain more power as price corrections take hold. Detached homes down 2%, condos down 7% year-over-year.
Calgary's real estate market is tilting decisively in buyers' favour. In April, HouseSigma data shows 77 percent of homes sold at or under asking price, up from 70 percent a year ago. That shift reflects broader price corrections across all housing types.
Detached homes saw median prices fall 2 percent to $715,000. Attached homes dropped 3 percent to $485,000. Condominiums fell nearly 7 percent to $302,000. The median home price overall held steady at $600,000, unchanged year-over-year—but more homes are now negotiable.
Northeast Calgary led the market swing, with more than 90 percent of sales at or below list. Chestermere matched that rate among outlying communities. Builders are also offering significant incentives—free air conditioning, GST rebates, and discounts on new homes—to entice buyers.
For first-time buyers, this represents a rare opening: more choice, less competition, and genuine negotiating power for the first time in years.