Sales Activity

A total of 597 residential units were sold during this week, marking a 9% increase from the previous week. This uptick aligns with the broader trend observed earlier in the month, where February saw a 14.3% increase in sales compared to January, indicating sustained buyer interest.

New Listings

There were 915 new listings added to the market this week, representing a 4% decrease from the prior week. Despite this slight decline, the market has experienced an overall growth in inventory. For instance, February reported a 13.2% increase in new listings compared to January, suggesting that the recent weekly dip may be a short-term fluctuation.

Pricing Trends

The average residential price reached $474,000 this week, a 6% rise from the previous week. Similarly, the median price increased by 2% to $452,000. These figures are consistent with the upward pricing trends observed in recent months. In February, the average residential price was $449,554, reflecting a 2.6% month-over-month increase and a 10.5% year-over-year rise.

Market Outlook

The Edmonton housing market is anticipated to remain a seller's market throughout 2025. Projections suggest a 10% increase in average residential sale prices and a 4% rise in the number of sales. This positive outlook is bolstered by strong consumer confidence and an influx of buyers from other provinces seeking more affordable housing options.

In summary, the Edmonton real estate market is experiencing significant growth in sales and prices, with a slight recent dip in new listings. These trends indicate a competitive market environment, favorable for sellers and indicative of sustained demand from buyers.

Statistics sourced from the Realtors Association of Alberta.

The Edmonton real estate market has experienced notable activity in the week ending March 12, 2025. Here's a breakdown of the latest statistics:

Sales Activity

A total of 546 residential units were sold this week, marking a 13% increase from the previous week. This uptick indicates a growing confidence among buyers and a robust demand for properties in the region.

New Listings

The market saw 950 new listings this week, a 17% rise compared to the prior week. This surge in listings provides buyers with a wider selection of properties, potentially easing the competition among purchasers.

Price Trends

• Average Price: The average price of homes sold this week was $448,000, reflecting a 4% decrease from last week. This decline may offer opportunities for buyers seeking more affordable options.

• Median Price: The median price remained steady at $441,000, showing no change from the previous week. This stability suggests that while there is variability in higher-priced property sales, the mid-market segment remains consistent.

Market Context

The recent increase in both unit sales and new listings aligns with the broader trends observed in Edmonton's housing market. For instance, in February 2025, the Greater Edmonton Area reported 1,825 home sales, a 14.3% increase from January, indicating a strong start to the spring market. 

Additionally, the number of new listings in February rose by 13.2% from January, totaling 2,723. Despite this influx, the overall inventory remained 13.4% lower than the same period last year, highlighting a competitive market environment. 

Implications for Buyers and Sellers

• For Buyers: The increase in new listings offers more choices; however, with prices showing slight fluctuations, it's essential to act swiftly and make informed decisions.

• For Sellers: Despite the slight decrease in average prices, the heightened sales activity indicates sustained buyer interest, making it a favorable time to list properties.

Statistics sourced from the Realtors Association of Alberta.

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.