Week Ending January 14, 2025
The Edmonton real estate market picked up significant momentum this past week, with notable increases across sales activity, new listings, and pricing. Here’s a breakdown of what we saw in the market and what it could mean for buyers and sellers moving forward.
📈 Sales Activity Surges
There were 278 residential unit sales recorded in Edmonton this week, representing a 93% increase compared to last week. This sharp rise in sales suggests renewed buyer confidence and strong demand, even during what is typically a slower time of year.
🏡 New Listings on the Rise
Sellers are also stepping into the market in greater numbers. 610 new listings were added this week, which is 44% higher than the previous week. While inventory is increasing, the pace of sales indicates that well-priced homes are still moving quickly.
💰 Prices Continue to Climb
Average sale price: $455,000, up 10% week-over-week
Median sale price: $430,000, up 2% from last week
The rise in both average and median prices points to continued upward pressure on home values, driven by strong demand and competitive conditions in many segments of the market.
🔍 What This Means for Buyers & Sellers
Buyers: Increased inventory provides more options, but rising prices mean acting quickly and having a solid strategy is key.
Sellers: Strong sales activity and increasing prices make this an opportune time to list, especially if your home is well-prepared and priced correctly.
As we move further into the new year, market activity is clearly gaining traction. Whether you’re buying, selling, or just keeping an eye on trends, staying informed week-to-week can help you make confident decisions.
Market statistics provided by the Realtors Association of Alberta.
