Calgary's housing market shows a split trend: detached homes tighten with rising prices and low inventory, while apartments face excess supply and price declines. Total sales dropped 6% year-over-year to 2,104, with a balanced overall market indicated by a 55% sales-to-new-listings ratio. Average home prices fell 2.2% annually to $570,600, with condos down 8.1%. Average rent is $1,869. Affordability challenges and population growth influence market dynamics.