Home sales in the City of Calgary decreased in March compared with a year ago amid a pullback in condo activity, as increased supply and slower migration has spread out demand across available inventory.

The Calgary Real Estate Board says 1,881 total homes changed hands last month, down about 13 per cent year-over-year, as the city’s residential benchmark price fell four per cent to $565,600.

The board’s chief economist Ann-Marie Lurie says the market ranges from tighter conditions for detached homes to a buyers’ market for apartment-style properties.

Apartment and row-style homes saw year-over-year price decreases of about nine per cent and six per cent, respectively.

Detached home prices were down just over three per cent and semi-detached prices fell just under one per cent compared with March 2025.

There were 3,409 new listings on the market in March, down 15 per cent from a year earlier, while the city’s inventory grew nearly five per cent year-over-year to 5,395 total homes for sale.