The Red Deer real estate market is off to a strong start in 2025! If you’re thinking about buying or selling, here’s what you need to know about current trends and how they might impact your next move.
Sales Are Up
January home sales saw a 6% increase compared to December, signaling strong demand. Sellers, this means buyers are actively looking, and competition is driving the market forward. If you’ve been waiting for the “right time” to list your home, now is still a great time—no need to wait until spring!
Buyers, Be Prepared for Competition
With inventory still low, homes are moving quickly. Yet, I continue to see buyers submitting offers without a pre-approval letter—and in this market, that’s a risky move. A pre-approval gives you an edge by showing sellers you’re serious and financially ready. If you want to stand out, get pre-approved before you start shopping.
Inventory Remains Low
The number of active listings on February 1st was 183, compared to 203 in February 2024. With supply levels dropping year over year, the market remains competitive. Fewer homes available mean sellers hold more power, and buyers need to move fast when they find the right property.
Prices Are Rising
If you’re waiting to buy, consider the cost of waiting—the average sale price of a single-family home in Red Deer is up 14% year-over-year. With supply low and demand high, prices are expected to continue their upward trend. If you’re financially ready, buying now could save you money compared to waiting later in the year.
The Catch-22 Effect: Should You Buy or Sell First?
A common concern among homeowners is whether to list their home first or find a new one before selling. Many hesitate to sell because they worry about securing a suitable replacement, which creates a cycle of fewer listings and fewer options. If this is your concern, it’s essential to have a Plan A and Plan B—whether that means negotiating a longer possession date, exploring short-term rental options, or securing bridge financing. Having a strategy in place can make all the difference in a smooth transition.
How Tariff Uncertainty Is Affecting the Market
Recent concerns about U.S. tariffs have made some buyers and sellers hesitant. While Canada has received a 30-day reprieve, uncertainty remains. If tariffs go into effect in March, Alberta is expected to weather the impact better than other provinces, but we could see some temporary hesitation in the market. If you’re feeling unsure about how to move forward, let’s discuss your options and create a strategy that fits your timeline—whether that’s now, six months from now, or a year down the road.
What This Means for You
Whether you’re buying or selling, having a plan and being prepared is key in today’s market. Sellers, now is a great time to list while demand is high and prices are climbing. Buyers, getting pre-approved and acting quickly will help you secure the right home before prices rise further.
If you’re wondering what your next move should be, let’s chat! I can help you navigate this market with confidence. Reach out today for a personalized market evaluation or buying strategy.