Springās momentum continues in the Greater Edmonton Area, with inventory, prices, and sales all trending upwardāgreat news for both sellers and buyers.
š¹ Inventory & Listings
A surge in new listings has given buyers a wider selection this spring, compared to the slower winter months .
While total listings are up month-over-month, they remain slightly slimmer year-over-yearākeeping the market competitive.
š¹ Sales Activity
Residential sales are notably higher than last February and March, signaling pent-up demand.
Sales across all housing typesāfrom detached homes to condosāare picking up as spring bidding heats up.
š¹ Prices & Home Price Index
Benchmark HPI (composite) rose from approximately $419,200 in January to $438,100 by Marchāa steady 4.5% gain.
Average residential sale prices climbed from ~$438K to ~$460K between January and Marchāabout a 5% increase.
š¹ Price Breakdown by Home Type
Detached homes now average around $574,900, marking an 11% annual increase
Semi-detached units currently average $430,600, up approximately 5% year-over-year
Townhomes average $314,800, with an 11% increase since last spring
Condos average $218,000, demonstrating strong nearly 12% annual gains
š¹ Days on Market
Across all property types, listings are moving faster:
Detached: ~30 days
Semi-detached: ~22 days
Townhouses: ~25 days
Condos: ~42 days
Overall: ~30-day averageāfaster by 7 days since February
š What It Means for Our Clients
Sellers
Prime selling season: More buyers + rising prices = ideal time to list.
Expect quicker offersāaverage market time is ~30 days, with multiple offers possible.
Buyers
More listings offer better choices, but competition remains fierce.
Be pre-approved and ready: speed matters as inventory moves quickly.
Investors
Price appreciation across housing categories positions rentals and flips for strong returns.
š” Team Strategy Suggestions
Marketing push: Emphasize rising prices and shorter selling timelines to attract sellers.
Educate buyers: Show them opportunities but prepare them for quick decisions and possible bidding wars.
Investor pitch: Highlight strong ROI given healthy appreciation across property types.
For tailored guidanceāwhether you're looking for seller leads, buyer workshops, or a deeper analysis of specific property typesāour team tools and insights are here to help you shine in this vibrant Edmonton market!
Statistics sourced from the REALTORSĀ® Association of Alberta.
