As we conclude the week ending January 29, 2025, Edmonton's real estate market exhibits nuanced shifts across various metrics. Here's a detailed breakdown:
Sales Activity
Total Unit Sales: The city recorded 413 property sales this week, marking a slight decrease of 1% from the previous week.
New Listings
Total New Listings: There were 568 new properties listed, representing a 7% decline compared to last week.
Pricing Trends
Average Price: The average property price remained stable at $449,000, showing no change from the prior week.
Median Price: The median price experienced a notable increase, rising by 7% to reach $437,000.
The slight decrease in unit sales, coupled with a more pronounced drop in new listings, suggests a tightening in market supply.he stability in average pricing, alongside the uptick in median price, indicates sustained demand, particularly in mid-range properties.hese dynamics may point toward a competitive environment for buyers, especially as inventory contracts.
Looking Ahead
As we progress into 2025, market participants should monitor these trends closely.otential sellers might find opportunities in the current climate, while buyers should be prepared for possible competition, especially in sought-after price brackets. *Data Source: ealtors Association of Alberta.
Market Analysis
The slight decrease in unit sales, coupled with a more pronounced drop in new listings, suggests a tightening in market supply. The stability in average pricing, alongside the uptick in median price, indicates sustained demand, particularly in mid-range properties. These dynamics may point toward a competitive environment for buyers, especially as inventory contracts.
Data Source: Realtors Association of Alberta