The first week of August has things feeling like the spring and summer rush is probably starting to reach its end as the pace of activity on many listings has started to calm down.  While we’re likely to remain in a seller’s market for the rest of the year, the absorption rates will likely come down a bit as inventory levels increase and as we move into the fall and winter market.

Overall the outlook is still bright for Alberta and I expect the market to stay very active for the foreseeable future.  Prices will likely stabilize and hold steady as we move into the fall, making real estate a safe investment in our province.

Here’s the quick stats:

Overall Market Trends

✅ Sales Activity: Total residential sales in July 2025 climbed to 213, up from 177 in July 2024.
✅ New Listings: Increased to 274, compared to 212 the year before.
✅ Active Listings: Rose slightly to 328, up from 318 last year.
✅ Absorption Rate: Improved to 64.9%, reflecting strong buyer demand.
✅ Average Home Price: Increased to $406,691, up 10.3% from $368,643 a year ago.

Single Family Homes

? Sales Performance: Sales rose from 115 in July 2024 to 124 in July 2025.
? New Listings: Increased to 184, compared to 147 a year ago.
? Absorption Rate: Stable at 53.9%, showing steady conditions.
? Price Trends: The average price jumped 14.7% year‑over‑year, from $428,748 to $491,763.

Acreage Market

? Mid-Range Strength: Acreages between $600K–$700K had 66% absorption (2 sales out of 3 listings).
? Steady Demand in $700K–$800K: 44% absorption with 4 sales out of 9 listings.
? Slower High-End Market: Acreages priced over $1M saw 3 sales from 31 active listings (10% absorption).
? Lower Ranges Quiet: No sales under $500K this month, but also no inventory.

Market Supply & Demand Trends

? Inventory Movement: Active listings edged up to 328, keeping options available for buyers.
⬆️ Sales Volume: Residential sales are higher than last year, signaling a busy summer market.
⬆️ Duplex/Townhouse Segment: High absorption at 78.2%, with average prices up 6.4% year‑over‑year to $312,391.
⬇️ Condo Market: Apartment condos softened slightly, with sales down to 21 from 27 last year and prices dipping 2.3% to $205,219.

What This Means for Buyers and Sellers

Buyers:

✅ Mid-Range Competition: Homes priced between $300K–$500K are moving quickly, so be ready to act fast.
✅ Luxury Segment Leverage: Higher‑priced homes ($600K+) and acreages are slower‑moving, offering room for negotiation.
✅ Variety of Choice: Slightly higher inventory gives buyers more options without as much price pressure.

Sellers:

✅ Strong Demand in the Mid-Range: $300K to $500K properties are in high demand with fast turnover.
✅ Positive Price Growth: Rising prices across most property types create favorable selling conditions.
✅ Strategic Pricing on High-End Homes: Overpricing in the $600K+ range can lead to longer selling times, pricing accurately is key.

Central Alberta Stats:

Blackfalds:

Current Active Listings – 58

Sales in July – 35

Likelihood to Sell – 70% (Seller’s Market)

Sylvan Lake:

Current Active Listings – 133

Sales in July – 56

Likelihood to Sell – 42.4% (Seller’s Market)

Penhold:

Current Active Listings – 21

Sales in July – 4

Likelihood to Sell – 21% (Balanced Market)