Calgary's housing market shows a 16% drop in sales and a 10% decline in new listings, while prices remain stable with a composite benchmark near $571,500, down just 0.3% year-over-year. Average sale prices rose 4% due to sales mix changes. Condos saw the largest price drop at 6.5%, with townhouses and single-family homes declining slightly. The market is balanced, offering buyers more negotiating room without significant price erosion.