The Edmonton real estate market has been bustling this past week, with notable increases in activity across key metrics. Here’s a snapshot of the latest statistics:
Market Highlights:
Unit Sales: A total of 416 properties were sold, marking a 27% increase compared to the previous week. This significant uptick demonstrates robust buyer interest as we move further into January.
New Listings: There were 608 new properties listed, a 12% rise from the previous week. This increase is providing more options for buyers and potentially easing the pressure in certain segments of the market.
Average Price: The average home price in Edmonton climbed to $448,000, representing a 7% increase from last week. This suggests continued demand, particularly for higher-priced homes.
Median Price: While the average price rose, the median price edged slightly downward to $407,000, a 1% decrease from the prior week. This could indicate more sales in the mid-range or entry-level market.
What This Means for Buyers and Sellers
The market is off to a strong start in 2025. Buyers should be prepared for competition in a market with growing sales activity and higher average prices. For sellers, now is a great time to list, as more buyers are actively searching for homes, and the average price trends upward.
Are you curious about how these trends impact your buying or selling plans? Feel free to reach out for expert advice tailored to your real estate goals!
Source: These statistics are provided by the Realtors Association of Alberta.
