The real estate market started to show some signs of life again around mid-May, I think some of the uncertainty around the federal election has started to calm and people have realized that we shouldn’t see any immediate or major impacts to our housing market.  While things have calmed down just a bit from the frantic pace we had earlier in the year, I think we’re going to have a very good, stable market over the summer months and we’ll still see the best homes moving quickly and with the occasional multiple offer still occurring.

Here are your quick stats for May:

Overall Market Trends

✅ Sales Activity: Total residential sales dipped to 185 in May 2025, down from 226 in May 2024.

✅ New Listings: Decreased to 231 listings, down from 272 the year prior.

✅ Active Listings: Slightly declined to 282, compared to 305 in May 2024.

✅ Absorption Rate: Remains solid at 65.6%, indicating a still-active market.

✅ Average Home Price: Holding steady at $400,782, showing price stability across the board.

Single Family Homes

🏡   Sales Performance: Sales dropped from 144 in May 2024 to 110 in May 2025, a 24% year-over-year decrease.

🏡   New Listings: Fell to 145, down from 171, helping support price stability.

🏡   Absorption Rate: Landed at 58.5%, still very healthy but lower than last year.

🏡   Price Trends: Average price dipped slightly by 1.2%, from $480,332 to $474,500.

Acreage Market

🌲  Low Inventory:  There are very few active listings under $600k.

🌲  Increasing Higher-End Activity: The 600k+ market saw more activity than the lower end, but sales are low because inventory is limited.

🌲  Luxury Selling but still Slow: 2 sales over the 1M mark, but with 34 active listings it’s a small percentage chance of selling.

Market Supply & Demand Trends

📉    Inventory Trend: Inventory continues to rise month-over-month, but is still low.

📉    Buyer Activity: May had the highest number of monthly sales so far in 2025, but was 7.5% lower than May of 2024.

⬆️    Duplex/Townhouse Segment: Strong absorption at 71.2%, with average price up 12.6% to $321,805.

⬆️    Condo Market: Apartment condos saw price growth of 5.8%, averaging $226,778, with steady demand.

What This Means for Buyers and Sellers

Buyers:

✅ High Competition Mid-Market: $300K–$500K homes are selling quickly—be prepared to act fast.

✅ Stable Prices: No major fluctuations, making budgeting more predictable.

✅ Luxury Market Advantage: Homes over $600K are moving more slowly, offering negotiation room on many properties.

Sellers:

✅ Mid-Range Sweet Spot: $300K–$500K homes continue to see strong, steady demand.

✅ Lower Competition: Inventory is still limited in many brackets.

✅ Strategic Pricing Matters: Overpricing in the $600K+ range may lead to extended market time.

Surrounding Area Market Snapshot: 

Blackfalds:

Current Active Listings – 51

Sales in May – 52

Likelihood to Sell – 100% (Seller’s Market)

Sylvan Lake:

Current Active Listings – 103

Sales in May – 76

Likelihood to Sell – 74% (Seller’s Market)

Penhold:

Current Active Listings – 14

Sales in May – 12

Likelihood to Sell – 86% (Seller’s Market)