Home sales in Calgary fell 15% in January, with the largest decline in apartment and row-style homes. Prices dropped nearly 5% to $554,400. Increased listings, especially in high-density housing, raised inventory by 20% to 4,391 homes, the highest January level since 2020. Detached homes had tighter supply with under three months of inventory, while apartments had about five months, indicating more buyer choice in higher-density properties.