Courtesy of Amber Parton & Dwayne Groome

Change in recent inventory trend signals a busy market ahead

$218,330 apt./ condo UP 8.5% year-to-year

$585,707 detached UP 10.4% year-to-year

AVERAGE SALE PRICES

$314,703 row/ townhouse

4,012 NEW LISTINGS 2,710 SOLD LISTINGS

detached 2,342 729 detached 1,576 435 apt./ condo apt./ condo

UP 6.7% year-to-year

67.5% SALES TO NEW LISTING RATIO

30 DAYS ON MARKET

2.0 MONTHS OF INVENTORY

5,436 ACTIVE LISTINGS

Edmonton, May 2, 2025: There were 2,710 residential unit sales in the Greater Edmonton Area (GEA) real estate market during April 2025. The total residential average price came in at $470,447, increasing 2.1% from the previous month and reflecting an overall growth of 9.0% compared to April 2024. “Our spring market has unmistakably declared its arrival with the influx of new listings and rising inventory. April marked the first time in a while that our current inventory has been on par with or higher than last year’s levels,” says REALTORS ® Association of Edmonton 2025 Board Chair Darlene Reid.

“Though, what’s interesting is we’ve seen inventory levels decline in the negative double digits for the better part of the last 12 months, and the dwindling supply has put pressure on home prices. That pressure won’t alleviate unless this upward trend for inventory continues well past the busy season. We can still expect prices to continue to increase in the short term through the warmer months.” Overall, all residential listings averaged 30 days on the market. Statistics reflect market activity in April 2025 | Source: REALTORS ® Association of Edmonton | Market values stated are of the average of Edmonton and surrounding region. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.

Dwayne Groome 780-443-0068 Amber Parton

#201, 5607-199 STREET NW EDMONTON, AB T6M 0M8

EdmontonHomeFind.com

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