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Edmonton Real Estate Market Update – Signs of a Spring Thaw

Edmonton Real Estate Market Update – Signs of a Spring Thaw

The Edmonton real estate market is heating up as we move into spring 2025, showing increased activity across all housing types. Residential unit sales in the Greater Edmonton Area (GEA) reached 1,825 in February, reflecting a 14.3% monthly increase from January. This surge signals growing buyer confidence and early spring demand.

"According to the latest report from the REALTORS® Association of Edmonton, the market is showing signs of an early spring surge, with rising prices and increased buyer activity."

Read the full article: REALTORS® Association of Edmonton

Market Trends & Key Stats

  • Prices Are Climbing: The average home price in Edmonton is now $449,554, up 10.5% from February 2024 and 2.6% higher than last month. Detached homes average $567,913, an 11.9% year-over-year increase.

  • More Listings, But Still Tight Supply: There were 2,723 new listings in February, up 13.2% from January, though inventory remains 13.4% lower than last year.

  • Homes Selling Faster: The average days on market dropped to 37 days, 11 days faster than January. Detached homes now sell in just 39 days on average, while townhouses and condos are moving even quicker.

What This Means for Buyers & Sellers

  • For Buyers: The market is becoming more competitive, and prices are expected to rise further as we head into spring. If you're house hunting, being prepared to act quickly on well-priced properties is key.

  • For Sellers: With increasing demand and lower inventory compared to last year, now is a strong time to list your home. The right pricing and marketing strategy can help you capitalize on current conditions.

Looking Ahead

According to the REALTORS® Association of Edmonton, the early momentum in 2025 suggests a busy spring market with rising home values. Buyers should be ready to move fast, while sellers can take advantage of the growing demand.

Thinking about buying or selling in Edmonton? Let’s connect to discuss how you can make the most of this evolving market.

Contact

📞 780-953-0723
🌐 realtyedmonton.ca | nooranrealty.com

Source: REALTORS® Association of Edmonton

Copyright 2025 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.