The latest weekly stats are in, and we’re seeing some subtle shifts in Edmonton’s real estate landscape.
Sales Slow Down
There were 566 properties sold across the city this past week, representing a 13% decrease from the previous week. This dip could be part of the typical ebb and flow we see in spring, especially as buyers take a pause to reassess options in a changing market.
Fewer New Listings on the Market
We also saw a drop in new inventory, with 833 new listings, down 17% from the previous week. This decrease in fresh listings may contribute to tighter competition among buyers, particularly in popular price points and neighborhoods.
Price Trends Stay Steady
Despite the slower activity, home prices remain relatively stable. The average price for a property in Edmonton rose slightly to $481,000, a 1% increase week-over-week. On the other hand, the median price saw a small dip to $448,000, down 1% from last week. These subtle shifts suggest that while the market is still moving, pricing is leveling off as we approach the late-spring period.
What This Means for You
Whether you're buying or selling, staying informed helps you make smart, confident decisions. If you're thinking about entering the market, it's a great time to connect with a local expert who can help you navigate the current conditions and find opportunities.
All statistics sourced from the Realtors Association of Alberta.
