Sales Activity

A total of 597 residential units were sold during this week, marking a 9% increase from the previous week. This uptick aligns with the broader trend observed earlier in the month, where February saw a 14.3% increase in sales compared to January, indicating sustained buyer interest.

New Listings

There were 915 new listings added to the market this week, representing a 4% decrease from the prior week. Despite this slight decline, the market has experienced an overall growth in inventory. For instance, February reported a 13.2% increase in new listings compared to January, suggesting that the recent weekly dip may be a short-term fluctuation.

Pricing Trends

The average residential price reached $474,000 this week, a 6% rise from the previous week. Similarly, the median price increased by 2% to $452,000. These figures are consistent with the upward pricing trends observed in recent months. In February, the average residential price was $449,554, reflecting a 2.6% month-over-month increase and a 10.5% year-over-year rise.

Market Outlook

The Edmonton housing market is anticipated to remain a seller's market throughout 2025. Projections suggest a 10% increase in average residential sale prices and a 4% rise in the number of sales. This positive outlook is bolstered by strong consumer confidence and an influx of buyers from other provinces seeking more affordable housing options.

In summary, the Edmonton real estate market is experiencing significant growth in sales and prices, with a slight recent dip in new listings. These trends indicate a competitive market environment, favorable for sellers and indicative of sustained demand from buyers.

Statistics sourced from the Realtors Association of Alberta.

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.

The Edmonton real estate market has experienced notable activity in the week ending March 5, 2025. Here's a detailed overview of the recent statistics:

Unit Sales

A total of 483 residential units were sold this week, marking a 4% increase from the previous week. This uptick aligns with the broader trend observed in February 2025, where there were 1,825 residential unit sales in the Greater Edmonton Area (GEA), reflecting a 14.3% increase from January 2025.

New Listings

The market saw 814 new listings this week, a 12% rise compared to the prior week. In February 2025, new residential listings amounted to 2,723, up 13.2% from January 2025, indicating a consistent influx of properties entering the market.

Average and Median Prices

The average home price this week stands at $467,000, a 7% increase from last week. However, the median price experienced a slight dip, settling at $442,000, which is a 2% decrease from the previous week. For context, in February 2025, the average residential price in the GEA was $449,554, showing a 2.6% month-over-month increase.

Market Insights

The Edmonton housing market has been on an upward trajectory. According to the 2025 Realtors Association of Edmonton Forecast, the average sale price increased by 7.7% between 2023 and 2024, and the number of sales transactions rose by 27.5% during the same period. This growth is anticipated to continue, with expectations of a 10% rise in average residential sale prices and a 4% increase in sales in 2025.

The consistent increase in new listings suggests a healthy market with ample opportunities for buyers. However, the slight decrease in the median price may indicate a shift in the types of properties being sold or a broader range of pricing options available to buyers.

Overall, the Edmonton real estate market continues to show resilience and growth, offering promising opportunities for both buyers and sellers.

Statistics sourced from the REALTORS® Association of Edmonton.

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

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.

The Edmonton real estate market started the year strong, showing significant activity in both unit sales and new listings. Here’s a detailed breakdown of this week’s statistics:

Market Highlights

Unit Sales Surge by 43%

This week saw 327 properties change hands in Edmonton, a 43% increase compared to last week. This uptick in sales activity suggests a busy January, with buyers taking advantage of the fresh inventory hitting the market.

New Listings on the Rise

There were 543 new listings added to the market, marking a 29% increase from the previous week. With more options available, buyers are finding increased opportunities to explore homes that fit their needs and budgets.

Average and Median Prices Dip Slightly

The average property price this week was $420,000, reflecting a 4% decrease from last week’s figures. Similarly, the median price settled at $411,000, also down by 4%. These modest declines might indicate an adjustment in pricing as the market continues to stabilize after the holiday season.

What Does This Mean for Buyers and Sellers?

• For Buyers: The increase in inventory gives you more choices, and the slight decrease in prices could be an opportunity to enter the market. Work with your Realtor to explore the latest options and negotiate effectively.

• For Sellers: With sales activity on the rise, this could be a great time to list your property. Ensure your home stands out by pricing it competitively and showcasing its unique features.

As we move further into January, it will be interesting to see if these trends continue. Stay tuned for next week’s update for more insights into the Edmonton real estate market.

All statistics are sourced from the Realtors Association of Alberta.

As we step into the new year, the Edmonton real estate market has shown impressive momentum after the holiday season slowdown. Activity in the market is picking up significantly, with notable increases across key areas. Here’s a deeper look into the market statistics for the week ending January 8, 2025:

Unit Sales: This week, Edmonton saw 229 unit sales, marking a significant 49% increase from the previous week. The holiday period tends to cause a dip in transactions as many buyers and sellers take a break from the market to focus on family and festivities. However, with the return to work and the post-holiday rush, this increase is a positive sign of renewed market activity. As people return from holiday vacations and get back to their home-buying plans, the market begins to see a natural rebound in sales.

New Listings: New listings surged to 421, a remarkable 240% increase from the week prior. This huge jump is reflective of the seasonal ebb and flow in real estate activity. After the holiday lull, many sellers are once again ready to list their properties, eager to get a head start in the new year. It’s common to see such a significant uptick in new listings once the holidays are over, as sellers who waited to list during the festive season are now making their properties available to the market.

Price Trends: The average price for homes in Edmonton has risen to $436,000, marking an 8% increase from last week. The median price is now $430,000, a 7% increase from the previous week. These price increases can largely be attributed to the increased market activity following the holidays. As more listings come on the market, and as both buyers and sellers return to their real estate plans, there’s typically upward pressure on prices as demand meets supply.

The increase in prices reflects an ongoing trend that’s typical for this time of year as the market reawakens. Buyers who had been waiting for the right time to purchase are now acting on those plans, while sellers are looking to capitalize on renewed interest in the market.

Understanding the Holiday Impact: It’s important to keep in mind that the holidays often bring a temporary slowdown to the real estate market. Both buyers and sellers tend to take a break, which leads to a decrease in unit sales and new listings. The significant increases this week are therefore to be expected as the market adjusts back to normal after the seasonal dip.

The jump in unit sales and new listings, combined with rising prices, is a typical pattern we often see as the market shakes off the holiday lull and activity picks up again. These statistics provide a promising outlook for the start of the year as the Edmonton market begins 2025 with a clear momentum.

Looking Ahead: As we move forward into the first quarter of the year, it will be interesting to watch how these trends continue. Buyers and sellers are likely to remain active, and it’s expected that the market will continue to show signs of growth as the winter season fades and we head into spring. The coming weeks will reveal whether these upward trends in price and activity will sustain through the next phase of the market.

Source: Statistics provided by the Realtors Association of Alberta.

Stay tuned for more updates as we continue to track Edmonton’s real estate market trends throughout the year!

As we wrapped up the final week of 2024, Edmonton's real estate market reflected the seasonal slowdown typical of the holiday period. With celebrations in full swing, both buyers and sellers seemed to take a step back, leading to significant drops across key metrics.

Sales and Listings at a Glance

• Unit Sales: There were 154 properties sold this week, marking a 57% decline compared to the previous week.

• New Listings: The market saw only 124 new properties listed, a 56% drop from last week's numbers.

Pricing Trends

• Average Price: The average home price was $410,000, showing an 8% decrease from last week.

• Median Price: The median price landed at $401,000, reflecting a 7% drop from the previous week.

Why the Slowdown?

The holiday season is historically a quieter time for the real estate market, and this year was no exception. Between family gatherings, travel, and end-of-year festivities, many buyers and sellers opted to pause their real estate activities. While the numbers may seem stark, this trend is expected and typically followed by renewed activity in the New Year.

Looking Ahead

With the holidays behind us, the Edmonton market will likely regain momentum as we head into January. If you’ve been waiting for the right moment to buy or sell, now could be a great time to explore your options as activity picks up.

This weekly market update is brought to you using data from the Realtors Association of Alberta.

As we move deeper into November, the Edmonton real estate market has experienced some notable shifts. For buyers and sellers alike, these weekly statistics offer valuable insights into the current landscape and potential future trends.

Key Market Stats for the Week:

1. Sales Activity:

There were 436 unit sales this week, representing a 17% decrease compared to the previous week. This drop in sales could indicate a seasonal slowdown as we approach the winter months, a trend often observed this time of year as activity naturally tapers.

2. New Listings:

The number of new listings decreased by 10%, with 535 new properties hitting the market this week. This reduction aligns with the drop in sales activity, potentially reflecting a more cautious approach by sellers as winter sets in.

3. Average Price:

Despite the dip in sales and new listings, the average price rose by 7% this week to $459,000. This increase may reflect demand within certain price brackets or property types, particularly as buyers compete for limited inventory.

4. Median Price:

Similarly, the median price saw a 6% increase, reaching $425,000. This rise alongside the average price suggests robust market interest and competition in mid-priced homes, indicating a stable demand from buyers looking for well-priced properties.

Market Insights

The Edmonton market's shifts this week could signal the beginning of a traditional winter lull, where both buyers and sellers may adopt a more cautious approach. However, with prices trending upward, there remains active interest from buyers committed to finding the right property. This trend could indicate a tightening of supply, which often helps sustain or boost home prices as buyers compete for fewer options.

As the season progresses, sellers may want to keep an eye on these weekly shifts to strategically time their listings, while buyers may find opportunities as fewer competitors remain in the market.

Note: These statistics are sourced from the Realtors Association of Alberta.

The Edmonton real estate market saw a moderate shift in activity over the past week, with slight decreases across unit sales, new listings, and prices. As buyers and sellers adjust to the cooling market, these changes may provide unique opportunities for certain types of buyers or investors.

Key Statistics:

- Total Unit Sales: 523, down by 1% from the previous week.

- New Listings: 595, representing a 2% decrease from last week.

- Average Price: $430,000, down by 4% from last week’s average.

- Median Price: $400,000, reflecting a 6% decrease from last week.

Market Observations:

The dip in unit sales and new listings suggests that both buyers and sellers may be adopting a more cautious approach as the market shows signs of leveling off. The slight reduction in new listings could imply that some sellers are holding off on listing until market conditions stabilize or improve. Meanwhile, the drop in prices—both average and median—could open doors for first-time buyers or investors looking for deals as the year draws to a close.

A 4% decline in the average price and a 6% decline in the median price indicate potential value opportunities. Lower prices may be appealing for buyers who have been waiting for a break in pricing trends, allowing them to enter the market with less pressure from bidding wars. For sellers, however, it could mean a need for pricing strategies that emphasize value and appeal to serious, qualified buyers.

Looking Ahead

As the winter months approach, Edmonton’s real estate market may continue to see moderated activity. This seasonal trend often leads to fewer listings and slower sales, with many families holding off until spring to make significant real estate moves. However, for those who choose to stay active, the cooler months can offer less competition and more room to negotiate favorable terms.

For buyers seeking stability and sellers aiming for a quick, efficient sale, understanding and adapting to these trends is essential. Working with an experienced real estate professional can provide guidance on the best ways to navigate Edmonton’s shifting market.

These statistics are provided by the Realtors Association of Alberta.

As we near the end of October, Edmonton's real estate market shows both stability and signs of movement. Here’s a look at the latest trends based on sales, new listings, and pricing shifts in the past week.

Sales Volume Slightly Down

This week, Edmonton recorded 529 unit sales, which marks a slight 2% decrease from the previous week. While a minor dip in sales volume can be expected at this time of year, the market continues to display robust activity, reflecting steady interest from both buyers and sellers.

New Listings Drop

A total of 609 new listings were added to the market over the past week, representing a 6% decrease compared to the previous week. The gradual reduction in listings could signal a shift towards a more competitive environment as we move deeper into the fall season. Buyers may feel a greater sense of urgency as choices narrow, while sellers may find this a favorable time to list with reduced competition.

Price Increases Across the Board

Pricing saw a noticeable upswing this week. The average price for properties in Edmonton reached $446,000, a 5% increase from the previous week. The median price also saw an uptick, climbing to $425,000, up by 4%. These price hikes indicate sustained demand, which has supported stronger pricing even as the total number of transactions dipped slightly.

Summary

- Total Sales: 529 units, down 2% from last week

- New Listings: 609, down 6% from last week

- Average Price: $446,000, up 5% from last week

- Median Price: $425,000, up 4% from last week

As we monitor these numbers moving forward, it will be interesting to see if this trend of rising prices with reduced listings holds. Edmonton’s market remains dynamic, with evolving opportunities for both buyers and sellers alike.

All statistics are sourced from the Realtors Association of Alberta.

As we wrap up the week of October 23, 2024, the Edmonton real estate market continues to show steady activity, with some interesting changes in sales and pricing.

Sales Activity:

This week, 539 properties were sold across Edmonton, representing a 1% increase compared to the previous week. This uptick in sales demonstrates continued demand, even as we head into the later months of the year, traditionally a slower time for real estate.

New Listings:

There were 649 new listings added to the market, holding steady from the previous week with a 0% change. This stable flow of new inventory offers buyers a wide selection of homes to choose from, keeping the market balanced despite the small fluctuation in sales.

Average & Median Prices:

The average sale price for homes this week came in at $426,000, which reflects a 2% decrease compared to the prior week. Similarly, the median sale price remained at $410,000, with a 0% change. These small shifts in pricing may indicate sellers becoming more competitive or adjusting to current market conditions as buyer preferences evolve.

As we continue to monitor the Edmonton market, these metrics suggest a relatively balanced environment, with consistent sales and stable inventory levels. However, the slight drop in average prices might provide opportunities for buyers to negotiate more favorable deals in the coming weeks.

The statistics mentioned in this article are sourced from the Realtors Association of Alberta.