January is often a good barometer for how the year ahead might shape up, and while the market has clearly shifted from the pace we saw through much of 2025, it’s still active and functioning well. Sales held steady compared to last January, but inventory has increased slightly, which is giving buyers more choice and bringing the market back toward a more balanced pace. Prices have softened year over year across most categories compared to our peak in July of last year, helping buyer confidence while putting more emphasis on proper pricing and strategy for sellers, but I believe we’re starting to see a shift now.

Activity in the last week of January and first few days of February have started to ramp up, and signs of the spring market are starting to show.  Certain categories of homes that are higher in demand are starting to move quickly, and we’re even starting to see some multiple offers again.  Signs are pointing towards another busy spring and summer market for us, and I think there’s a good chance we’ll see prices push back up to the previous heights of last summer.

Market Trends
✅ Sales matched last January, but lower absorption reflects slower turnover and slightly higher inventory.
✅ Active listings increased month over month, giving buyers more selection and leverage, although inventory is still low overall.
✅ Year over year price softening has improved affordability across most residential categories, but this may be short lived.

Single Family Homes
🏡 Sales improved from December, but absorption eased as new listings continued to rise.
🏡 The $300,000 to $500,000 range remains the most active and competitive segment.
🏡 Homes priced over $600,000 face more competition and longer selling timelines.

Red Deer County Acreage Market
🌲 January acreage sales were limited, which is typical seasonal winter behaviour.
🌲 Inventory is concentrated in higher price points, especially properties over $1M.
🌲 Acreages under $700,000 show the strongest potential when buyers re enter the market in the spring.

Market Supply & Demand Trends
📊 Slower demand over the winter months has moved many categories into more balanced markets.
🏡 Entry level and mid range homes continue to attract the most consistent demand.
💸 Higher priced homes still require correct pricing and presentation to generate activity.

Quick Market Takeaway
The market normalized over the fall and winter months due to decreased demand, which saw prices soften slightly from previous peaks. Current sales activity is showing signs that the market is going to return to a faster pace in the spring and summer.

Out of Town Snapshot:

Blackfalds:

Current Active Listings – 31

Sales in January – 18

Likelihood to Sell – 58% (Seller’s Market)

Sylvan Lake:

Current Active Listings – 76

Sales in January – 17

Likelihood to Sell – 22% (Balanced Market)

Penhold:

Current Active Listings – 7

Sales in January – 4

Likelihood to Sell – 57% (Seller’s Market)