Courtesy of Dave Pon

Edmonton housing demand continues to trend upwards as 2025 begins

$202,663 apt./ condo UP 4.9% year-to-year

$561,282 detached UP 16.2% year-to-year

AVERAGE SALE PRICES

$311,866 row/ townhouse UP 15.8% year-to-year

2,452 NEW LISTINGS 1,597 SOLD LISTINGS

detached 1,352 497 detached 856 306 apt./ condo apt./ condo

65.1% SALES TO NEW LISTING RATIO

48 DAYS ON MARKET

2.3 MONTHS OF INVENTORY

3,731 ACTIVE LISTINGS

Edmonton, February 4, 2025: There were a total of 1,597 residential unit sales in the Greater Edmonton Area (GEA) real estate market during January 2025. New residential listings amounted to 2,452. Total residential average prices came in at $438,278, an 0.8% increase from the previous month and reflecting an overall growth of 9.9% compared to January 2024. Detached home prices averaged $561,282, up 4.2% from December 2024, and coming in 16.2% higher than the previous year. Apartment Condominium average prices fell 0.8% from December 2024 to $202,663 but still ended the month 4.9% higher than the previous year.

“When we announced our 2025 Housing Market Forecast just a few weeks ago, we did count on some unpredictability this year,” says REALTORS ® Association of Edmonton 2025 Board Chair Darlene Reid. “The first surprise of the year is seeing such a marked increase in newly listed properties coming onto the market in what is typically a slower month, and of course, many were snatched up right away. I’d love to say that trend will continue through the year, but we’ll have to wait and see.” Overall, all residential listings averaged 48 days on the market. Statistics reflect market activity in January 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.

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Dave Pon Associate Broker Direct: 780.905.2828 | Office: 780.439.7000 Email: DavePon@remax.net | DavePon.com #100–10328–81 Avenue Edmonton, AB T6E 1X2 Each office is independently owned and operated

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