Edmonton Real Estate Market Update – January 2025
February 6, 2025

Explore Edmonton's 2025 real estate surge: low inventory, rising home prices, and strong sales growth. Stay informed with key trends and insights.
Edmonton townhouse prices launch January 2025.

Edmonton Real Estate Market Update – January 2025

 

Low Inventory, Strong Sales Growth

As we kick off 2025, Edmonton’s real estate market is already showing strong momentum. Inventory remains low, sales are up, and home prices continue to climb. In this market update, we’ll break down the latest trends, key numbers, and what buyers and sellers can expect in the coming months.

Greater Edmonton inventory January 2025 statistics chart

Edmonton currently has 3,731 active listings. While this is slightly higher than December’s inventory levels, it is still historically low. Meanwhile, sales jumped 12% from December, clearing out much of the excess inventory from late 2024.

Record Edmonton residential sales increase in 2024.

Last year was a record-breaking year for Edmonton real estate, with 28,600 homes sold. This January has already surpassed last year’s sales pace, indicating continued strong demand.

Detached homes prices in Greater Edmonton January 2025.

Rising Home Prices

With demand high and inventory still tight, home prices are climbing across multiple property types:

  • Detached Homes: $515,000 (up from $498,000)
  • Semi-Detached Homes: $420,000 (highest since August)
  • Townhouses: $320,000 (significant jump from December)
  • Apartments: $182,000 (back to average levels after a high December)

The consistent price increases suggest strong price support, and if demand continues at this pace, further appreciation could be on the horizon.

Key Factors to Watch

Several factors will influence Edmonton’s real estate market in the coming months:

  • Interest Rates: The UK recently cut rates—will Canada follow suit?
  • Builder Supply: Will new construction keep up with demand?
  • Buyer Activity: Will the strong start to 2025 carry into the spring market?

With many variables in play, buyers and sellers should stay informed and be ready to act when the right opportunity arises.

What This Means for Buyers and Sellers

For Buyers

With prices on the rise and inventory still low, acting quickly is key. If you find a home that fits your needs, don’t wait too long to make a move. Mortgage rates remain an important factor—if rates drop, competition for homes could increase further.

For Sellers

With demand remaining strong, sellers are in a good position. Well-priced homes are selling quickly, and the trend of rising prices suggests continued market strength. If you’ve been considering selling, now may be an opportune time.

Conclusion

Edmonton’s real estate market is off to a strong start in 2025. With low inventory, rising prices, and strong sales growth, it looks like we’re headed for a competitive spring market. Whether you’re buying, selling, or just keeping an eye on the market, staying informed is key.

Have questions about buying, selling, or mortgage options? Contact us today—we’d love to help!

 

 

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