January 2025 Market Update - Edmonton

As we step into 2025, Edmonton’s real estate market is showing clear signs of strength across most property types. Whether you’re a homebuyer, seller, or investor, understanding the latest trends is key to making informed decisions.

This market update will break down Edmonton’s home prices, listing absorption rates, and active inventory, so you know exactly what to expect in the months ahead.

 Market Overview: A Seller’s Market for Most Property Types

Total Residential: Seller’s market with a 45% listing absorption rate.
Detached Homes: Seller’s market with a 45% absorption rate.
Semi-Detached Homes: Strongest demand, with a 70% absorption rate.
Apartment Condos: Balanced market, with a 30% absorption rate.

While detached homes and total residential properties are firmly in seller’s market territory, semi-detached homes are leading the way with the highest demand.

Condos, on the other hand, remain in a more balanced market, offering opportunities for buyers looking for affordability.

 Edmonton Home Prices – January 2025

Benchmark Prices:
Total Residential: $420,897 (+5.57% YoY, +0.83% MoM)
Detached Homes: $554,989 (+14.87% YoY, +4.39% MoM)
Semi-Detached Homes: $422,560 (+11.66% YoY, +4.92% MoM)
Apartment Condos: $204,013 (+5.62% YoY, -0.05% MoM)

Detached and semi-detached homes saw the biggest price jumps, reflecting continued high demand.
Condos remain the most affordable option, though prices have remained steady over the past month.
Overall, home values in Edmonton are rising, signaling a strong start to 2025.

 Active Listings & Sales – January 2025

Total Active Listings: 2,665
Total Sold Listings: 1,187
Detached Homes: 1,317 active, 590 sold
Semi-Detached Homes: 148 sold
Condos: 860 active, 262 sold

Inventory remains low, keeping competition strong in the market.
Semi-detached homes have the highest absorption rate, meaning they are selling quickly.
Buyers may have slightly more options in the condo market, where inventory levels remain balanced.

 Average Days on Market – How Fast Are Homes Selling?

Total Residential: 48 days on market
Detached Homes: 50 days on market
Semi-Detached Homes: 40 days on market
Apartment Condos: 57 days on market

What does this mean?
Homes are selling faster than expected, especially in the semi-detached category.
Condos are taking slightly longer to sell, giving buyers more negotiation power.
Low inventory means well-priced homes are moving quickly.

 What This Means for Buyers & Sellers

For Buyers:

• Detached and semi-detached homes are in high demand, so expect competition and be prepared to act fast.
• Condos offer more flexibility, with a more balanced market and slightly longer days on market.
• Prices are rising, so waiting may mean higher costs later in the year.

For Sellers:

• Now is a great time to list, especially if you own a detached or semi-detached home.
• Proper pricing and marketing strategies are key to maximizing your home’s value.
• Homes are selling fast, so be ready to move quickly once your property is listed.

 Final Thoughts: What’s Ahead for Edmonton’s Market?

With strong demand and rising prices, Edmonton’s real estate market is off to a solid start in 2025. Low inventory continues to drive competition, making it an excellent time for sellers to capitalize on high demand.

If you’re looking to buy, sell, or invest, now is the time to put a strategy in place. Let’s chat about your goals and how we can navigate this fast-moving market together.

Call/Text: (587) 847-0449
Email: rob@robvanoteam.caWhat do you think about Edmonton’s real estate market? Drop your thoughts in the comments! ????

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