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.
