Courtesy of Stacy McIntyre

Real estate in the Greater Edmonton Area showing signs of spring thaw

$217,373 apt./ condo UP 19.9% year-to-year

$567,913 detached UP 11.9% year-to-year

AVERAGE SALE PRICES

$300,818 row/ townhouse

2,723 NEW LISTINGS 1,825 SOLD LISTINGS

detached 1,555 501 detached 1,015 305 apt./ condo apt./ condo

UP 9.1% year-to-year

67% SALES TO NEW LISTING RATIO

37 DAYS ON MARKET

2.3 MONTHS OF INVENTORY

4,157 ACTIVE LISTINGS

Edmonton, March 4, 2025: There were 1,825 residential unit sales in the Greater Edmonton Area (GEA) real estate market during February 2025. New residential listings amounted to 2,723. Total residential average prices came in at $449,554, increasing 2.6% from the previous month and reflecting an overall growth of 10.5% compared to February 2024. Detached home prices averaged $567,913, an increase of 1.2% from January 2025 and 11.9% higher than the previous year. Apartment Condominium average prices rose 7.3% from January 2025 to $217,373 and ended the month 19.9% higher than the previous year.

“There’s been a definite shift in the market over the past month towards an early spring market,” says REALTORS ® Association of Edmonton 2025 Board Chair Darlene Reid. “REALTORS ® know that prices will increase as the season gets busier and new inventory tends to decrease. If they are representing buyer-clients, they’re likely warning them to be ready to move fast when the right property comes up.” Overall, all residential listings averaged 37 days on the market. Statistics reflect market activity in February 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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780-860-2577 | stacy@livrealestate.ca | stacymcintyre.ca

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