The Edmonton real estate market experienced notable activity during the week ending March 26, 2025. A total of 609 residential units were sold, marking a 2% increase from the previous week. This uptick in sales indicates a growing momentum as the spring market approaches.
New residential listings totaled 898 for the week, reflecting a 2% decrease compared to the prior week. This slight reduction in new listings suggests a tightening of available inventory, which could influence market dynamics in the coming weeks.
The average selling price for homes was $488,000, representing a 1% decline from the previous week. Similarly, the median price settled at $448,000, also down 1% week-over-week. These modest decreases in pricing may offer opportunities for prospective buyers entering the market.
For context, February 2025 saw 1,825 residential unit sales in the Greater Edmonton Area (GEA), a 14.3% increase from January 2025 but a 7.1% decrease compared to February 2024. New residential listings in February numbered 2,723, up 13.2% from January 2025 and down 0.4% year-over-year. The average residential price in February was $449,554, a 2.6% increase from the previous month and a 10.5% rise compared to February 2024. (realtorsofedmonton.com)
These figures underscore the dynamic nature of Edmonton's real estate market, highlighting the importance for both buyers and sellers to stay informed about current trends.
Statistics provided by the REALTORS® Association of Alberta.