The Calgary housing market has experienced notable shifts in recent months, marked by changes in benchmark prices, inventory levels, and sales activity. These developments reflect evolving market conditions and offer insights for buyers, sellers, and real estate professionals alike.
Benchmark Price Trends
In May 2025, the total residential unadjusted benchmark price in Calgary was $589,900, slightly lower than the previous month and over two percent below May 2024 levels. This decline was primarily driven by price adjustments in the apartment and row housing sectors.
Detached Homes: The unadjusted benchmark price for detached homes in May was $769,400—similar to the previous month, 1 percent higher than May 2024, and still above last year’s seasonal peak.
Semi-Detached Homes: At $697,300, the semi-detached benchmark price saw a small monthly gain, nearly 3 percent higher year-over-year, and above the 2024 seasonal high.
Row Houses: Row houses posted a benchmark price of $453,600, showing a decline from the prior month and sitting nearly 2 percent below last year.
Apartment Condominiums: This segment eased to a benchmark price of $335,300, also down from the previous month and over 1 percent lower than May 2024, with the sharpest declines noted in the North East and South East due to competition from new builds.
What Is a Benchmark Price?
The benchmark price represents the typical value of a home within a specific property type, neighbourhood, or market. Unlike average or median prices, which can be skewed by a few high- or low-priced sales, the benchmark reflects changes in the value of a “typical” home. This makes it one of the most reliable indicators used by the Calgary Real Estate Board (CREB) and other industry professionals when assessing market trends over time. It’s particularly helpful in understanding whether values are rising or falling across property types like detached homes or apartments.
Inventory Levels
Inventory levels have seen significant shifts this year, and they play a major role in determining housing market conditions. When inventory is high, buyers have more options, and sellers may need to adjust prices to stay competitive. When inventory is low, homes tend to sell faster and at higher prices due to increased competition.
Detached Homes: In May, new listings rose to 2,419 units, primarily among homes priced above $600,000. Sales activity has eased, helping shift the market toward more balanced conditions and easing price pressures.
Semi-Detached Homes: With 428 new listings and 256 sales, the sales-to-new-listings ratio reached 60 percent. This balance has kept months of supply just above two months, suggesting a healthier inventory situation for both buyers and sellers.
Row Houses: Inventory gains across all districts have improved buyer options, with the North East experiencing a months-of-supply ratio of 3.5 months—putting some downward pressure on prices.
Apartment Condominiums: Inventory continued to rise as sales dropped to 579 units in May, compared to 907 in May 2024. A growing months-of-supply ratio of 3.6 has created softer pricing conditions.
What Are Inventory Levels?
Inventory levels refer to the total number of homes available for sale in a market at any given time. This includes newly listed homes and properties that have been on the market for some time but remain unsold. Inventory helps determine whether the market is favouring buyers or sellers. A “buyer’s market” typically exists when there’s high inventory and less demand, while a “seller’s market” features low inventory and high demand. Calgary is currently showing signs of becoming more balanced as inventory improves across most segments.
Sales Activity
Sales activity in Calgary has pulled back from the frenzied pace of recent years. In May 2025, total residential sales fell by 17 percent compared to May 2024. That said, the 2,568 sales recorded were still 11 percent above long-term averages for the month and an improvement over the previous month’s numbers.
Detached Homes: Although sales have softened across most price brackets, the growing inventory is helping keep conditions balanced.
Semi-Detached Homes: With 256 sales and a 60 percent sales-to-new-listings ratio, this segment is in relatively stable shape.
Row Houses: Despite easing from last year’s record levels, sales remain strong compared to long-term trends. More new listings are continuing to build up inventory.
Apartment Condominiums: Sales declined significantly compared to last year, leading to higher months of supply and lower prices.
What Is Sales Activity?
Sales activity refers to the number of homes sold over a specific period—usually a month. It’s a direct measure of buyer demand in the housing market. When sales activity is high, it often means buyers are confident and eager to purchase, which can drive prices up. When activity drops, it may suggest market uncertainty, interest rate sensitivity, or changes in affordability. In Calgary’s current market, sales activity is showing signs of stabilizing after a few years of rapid growth, aligning more closely with historical norms.
Understanding Market Conditions
The combination of benchmark prices, inventory levels, and sales activity gives us a fuller picture of market conditions. As of May 2025, Calgary appears to be transitioning into a more balanced housing environment. While some product types—like apartment condos and row houses—are facing pricing pressure, others, such as detached and semi-detached homes, are holding more stable. This market balance is being shaped by several factors: Easing mortgage rates are encouraging some buyers to re-enter the market. Increased new listings are expanding inventory and reducing urgency.
More stable prices are giving buyers time to evaluate options instead of rushing into sales.
What This Means for Buyers and Sellers
For buyers, the improved inventory and moderate price growth present a more favourable environment. There’s less competition for listings, more room to negotiate, and more choice across different price points and property types.
For sellers, the takeaway is to price competitively. In a balanced market, effective marketing, accurate pricing, and working with an experienced sales team or real estate agent can be the difference between a quick sale and lingering listings.
How this Applies to Midnapore Homes
The Calgary housing market in May 2025 is showing signs of returning to normal. Benchmark prices are mostly stable or easing, inventory levels are improving, and sales activity is aligning with long-term averages. These trends point toward a more predictable, manageable housing market—good news for both buyers and sellers looking to make smart, informed decisions.
Whether you’re looking to enter the market, sell your current home, or expand your real estate portfolio, understanding these key market indicators—sales activity, inventory levels, and benchmark price trends—is crucial. For those exploring specific neighbourhoods like Midnapore, monitoring local sales data and benchmark pricing for Midnapore homes can help guide better decisions. If you’re actively browsing houses for sale in Midnapore, staying up to date with Calgary Real Estate Board data will give you the clearest picture of what to expect as the year progresses.
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