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 from February 2025 and 11.2% higher than the previous year. Semi-detached units sold for an average of $430,646, representing a 2.3% increase from the last month and a 5.3% year-over-year increase.

The MLS® Home Price Index (HPI) composite benchmark price* in the GEA was $438,100, representing a 2.2% increase from February 2025 and a 12.2% increase from March 2024.

“The marked increase in sales and new listings means the busy season has arrived, and with prices on the rise, it’s a great time to be on the seller’s side,” says REALTORS® Association of Edmonton 2025 Board Chair Darlene Reid. “For buyers, the higher level of inventory available means a better chance of finding your dream home, but with overall inventory still lower than last year, multiple-offer situations are also becoming increasingly common.”

Detached homes averaged 30 days on the market, a nine-day decrease from February 2025. Semi-detached homes decreased by four days, with properties averaging 22 days on the market. Overall, all residential listings averaged 30 days on the market, equating to a seven-day month-over-month decrease and a 10-day decrease compared to March 2024.

Sourced from RAE