Market Update

February: Market at a Glance

Here is a snapshot of the recent average prices in the Edmonton area based on sales reported for February 2025 in the Edmonton MLS System®.

This chart shows that we continue to see average prices that are higher on a year over year basis in every housing category. We are seeing a busy March as things are picking up for the spring real estate market. If you need help planning or would like a more detailed analysis for your home or property needs, let me know!

January: Absorption Rate

Here is a snapshot of the listing absorption rate for Edmonton-area market for January 2025.

The Edmonton market has been steady over the winter, and there is good demand for desirable, well priced homes. The apartment market remains slow, and the market for high end properties is best described as 'normal'. There are definitely opportunities for moving ahead as the weather warm ups.

I find that it's best to take all statistics with a grain of salt. Call me if you'd like better information with respect to your specific situation.

December: Average Time to Sell

This chart shows the Average Days On Market for properties reported as sold in December 2024 in the Edmonton MLS System®.

Although the Edmonton real estate market has slowed for winter from an activity perspective, we are still seeing strong demand for well priced attached homes, single family detached homes, and acreage properties.. 

I find that things are never as simple as the statistics or averages would seem to make them. Is this a good time to buy or sell? If you would like to discuss your current situation, let's chat.