Edmonton, April 2, 2025: There were 2,494 residential unit sales in the Greater Edmonton Area (GEA) real estate market during March 2025, representing a 36.9% increase from February 2025 and a 1.3% increase from March 2024. New residential listings totaled 3,780, representing a 44.5% increase from February 2025 and a 7.5% increase over the previous year. The overall inventory in the GEA increased 16.6% month-over-month, though levels remain lower year-over-year, decreasing 8.1% from March 2024.

The total number of Detached units sold was 1,434, representing a 41.3% increase over the previous month and a 1.8% decrease compared to sales in March of last year. Semi-detached sales increased 24.7% month-over-month and 3.1% year-over-year, with 268 units sold in March 2025.

The total residential average price came in at $460,685, increasing 2.5% from the previous month and reflecting an overall growth of 9.3% compared to March 2024. Detached home prices averaged $574,872, representing a 1.2% increase...