Focus on Real Estate: Edmonton Real Estate Market Update – strong sales and more Inventory!

submitted by Jasen Reboh, Remax Excellence

(Edmonton) – January sales surged 11.2% year over year! While overall home prices remained steady, detached homes saw a 4.2% increase, now averaging $561K—still well below the national average. This signals strong demand from families looking for more space.

A key shift: inventory has increased! In December, we had a critical shortage, with sales outpacing new listings at 104%. Now, at 65%, buyers have more options while it remains a seller’s market.

Results you can trust, success you can see!

Westridge / Oleskiw – Wolf Willow: Listings are up, but homes here are still selling fast—many in multiple offers above list price! I have buyers from all over the country ready to purchase.

Thinking of selling or just want to meet? Contact me today to see why I have so many happy clients! Jasen Reboh 780-965-7332 RE/MAX Excellence www.rebohrealty.ca

Who represents you matters!

January sales were up 11.2% year over year. Average prices for all categories were flat compared to December. However, for detached homes, the average price of $561k is up by $21k or 4.2% compared to December. This is an indication of the demand by families for detached homes which are still priced well below the national average.

A very positive aspect is that inventory has increased substantially. In December, there was a serious shortage with the ratio of sales to new listings of 104%. While still a seller’s market, there are now more options for buyers as the ratio is 65%. A ratio of 50% is considered a balanced market.

Westridge / Oleskiw – Wolf Willow

I’m noticing an increase in listing inventory homes in the area are still highly in demand with most receiving offers in just a few days and selling in multiple offers above list price. I have a list of many more buyers from all over the country looking right now! If you have any questions or just want to chat, reach out anytime and ask me why I have so many recent happy clients! 🙂

Results you can trust, success you can see.