The real estate market in Edmonton continues to show steady momentum as we move through March. This past week brought a mix of modest inventory changes and solid buyer activity, pointing to a balanced yet active spring market.
New Listings Slightly Down
There were 916 new listings added to the market this week, representing a 2% decrease compared to the previous week. While this is a slight dip, inventory levels remain healthy, giving buyers a range of options across different property types.
Sales Activity on the Rise
Unit sales came in strong at 467 transactions, marking an 8% increase week-over-week. This uptick signals growing buyer confidence and continued demand as we head deeper into the spring market—traditionally one of the busiest times of the year.
Home Prices Trending Upward
Price growth remains steady across the board:
Average Price: $475,000 (+3%)
Median Price: $445,000 (+2%)
These increases suggest that while the market is active, price appreciation is happening at a sustainable pace—good news for both buyers and sellers.
What This Means for Buyers and Sellers
For buyers, rising sales and stable pricing indicate that acting sooner rather than later may be beneficial before competition intensifies further.
For sellers, the combination of increasing sales and steady price growth creates an ideal environment to list, especially with serious buyers actively entering the market.
Thinking About Making a Move?
Whether you’re buying, selling, or just exploring your options, staying informed on weekly trends can help you make smarter real estate decisions in Edmonton’s evolving market.
Data sourced from REALTOR.ca and the MLS® System.
