The Edmonton real estate market has experienced notable activity in the week ending March 5, 2025. Here's a detailed overview of the recent statistics:

Unit Sales

A total of 483 residential units were sold this week, marking a 4% increase from the previous week. This uptick aligns with the broader trend observed in February 2025, where there were 1,825 residential unit sales in the Greater Edmonton Area (GEA), reflecting a 14.3% increase from January 2025.

New Listings

The market saw 814 new listings this week, a 12% rise compared to the prior week. In February 2025, new residential listings amounted to 2,723, up 13.2% from January 2025, indicating a consistent influx of properties entering the market.

Average and Median Prices

The average home price this week stands at $467,000, a 7% increase from last week. However, the median price experienced a slight dip, settling at $442,000, which is a 2% decrease from the previous week. For context, in February 2025, the average residential price in the GEA was $449,554, showing a 2.6% month-over-month increase.

Market Insights

The Edmonton housing market has been on an upward trajectory. According to the 2025 Realtors Association of Edmonton Forecast, the average sale price increased by 7.7% between 2023 and 2024, and the number of sales transactions rose by 27.5% during the same period. This growth is anticipated to continue, with expectations of a 10% rise in average residential sale prices and a 4% increase in sales in 2025.

The consistent increase in new listings suggests a healthy market with ample opportunities for buyers. However, the slight decrease in the median price may indicate a shift in the types of properties being sold or a broader range of pricing options available to buyers.

Overall, the Edmonton real estate market continues to show resilience and growth, offering promising opportunities for both buyers and sellers.

Statistics sourced from the REALTORS® Association of Edmonton.