April 2025 Edmonton Area Real Estate Market Update

March came and went in a flash this year. I always forget what a busy time of year it is after a moderate winter! But for those curious on the market, things have really picked up from February, and it wasn't just me getting busy. 

March saw a massive increase in new listings coming to market, bringing just shy of 3800 new homes to the Greater Edmonton Area, which is 44.5% more than we saw in February. This supply was met with almost an equal amount of demand, with sales increasing 36.9% to just short of 2500 sales last month. Active inventory saw yet another boost at the end of the month, up another 16%. However, with the high sales, we are still sitting tight going into April with 1.9 months of inventory on the market, which is still putting us into the strong sellers market territory. Typically, for a balanced market, I would expect 3-4+ months of inventory on the market. 

Last month, where sales and new listings were down from 2024 on a year-over-year basis, I commented that this spring may not live up to what we saw last year. However, March, as already proved me wrong, where this spring we have already seen more activity compared to last year. This increase has now resulted in homes selling faster on the market than we saw last year, with the average home selling in 30 days compared to the 40 we saw at this time last year. The average days on market reached a low of 22 days on market for semi-detached homes, which is down 37% from 2024. 

Despite the real estate market in Edmonton picking up and showing lots of movement, the prices in March remained flat, with the only mentionable increase in row/townhomes at 5.7% from February. The year-over-year increase is still hovering around 10% from 2024, which is as low as 6.1% in apartment condos and as high as 12.6% in detached single-family homes. 

Where do we expect the market to go from here? Springtime is usually the most active time in the real estate market, and if we are on a trajectory like we saw last year, I could expect sales and prices to continue to rise into mid-year, before tapering off into the summer and following a similar trend. With Canadian interest rates coming down with every Bank of Canada meeting that we have seen recently, it is making homeownership more affordable and incentivizing more people to look at homeownership who may have put it off in the last 2-3 years. There are larger economic factors such as a federal election or international trade negotiations that may have longer-term impacts on the economies; however, it seems in Edmonton there has not been enough uncertainty to cause a noticeable disruption. 

If you want to know how to take advantage of selling in this market, reach out to me for a free home evaluation, and I am happy to walk you through selling in this current market. https://lorenzgroup.ca/evaluation

If you want to know how to best position yourself in this buying market, reach out for a free buying consultation and I am happy to come up with a game plan for you this year. https://lorenzgroup.ca/contact