If you're keeping an eye on the Lacombe real estate market, there's a lot happening that you need to know. Whether you're thinking about buying or selling, understanding the current trends can help you make the best decisions. Let's break down what’s going on and what it means for you.
Home Prices Are on the Rise
Lacombe's real estate prices continue to climb. The average sale price in 2025 has jumped to $394,000, up from $353,000 last year—that’s nearly a 12% increase in just one year. For sellers, this means your home is likely worth more than it was in 2024, making it a great time to list. For buyers, waiting could mean paying even more later, so acting sooner rather than later might be in your best interest.
Sales Have Doubled
The demand for homes in Lacombe is surging. In January 2025, 20 homes were sold—double the 10 homes sold in January 2024. This 100% increase in sales suggests that buyers are moving quickly to secure properties. If you’re selling, this is a clear sign that the market is working in your favor. If you’re buying, competition is heating up, so it’s essential to be prepared to make strong, competitive offers.
Fewer Homes on the Market
Inventory remains tight, making it even more challenging for buyers to find the right home. There are currently 35 active listings, down slightly from 37 last January. With fewer homes available, sellers are benefiting from quicker sales, while buyers may have to be patient and move fast when they find a home they love.
Homes Are Selling Faster
A key metric in real estate is "months of inventory," which measures how long it would take to sell all the homes currently on the market at the current pace of sales. In Lacombe, this number has dropped by 52%—from 3.7 months last year to just 1.75 months now.
For sellers, this means a strong market where homes are selling faster and for better prices. For buyers, it means there’s less time to hesitate when a home becomes available. Being pre-approved for a mortgage and ready to make an offer is more important than ever.
Key Takeaways
🔹 Sellers: Prices are up, sales have doubled, and homes are selling faster. If you've been thinking about selling, this is a fantastic time to list your home.
🔹 Buyers: The market is competitive, and prices are continuing to rise. Acting quickly and having a solid plan in place will help you secure the right home.
🔹 Low Inventory Means Opportunity for Sellers and Challenges for Buyers: Whether you're on the buying or selling side, having the right strategy is key in this fast-moving market.
The Lacombe real estate market in 2025 is favoring sellers, but with the right preparation, buyers can still find great opportunities. If you're considering making a move, let's chat about how to make the most of the current market conditions.