The April numbers are in for Red Deer real estate, and whether you're thinking about buying your first home, upsizing, or listing your current property, these insights will help you make informed decisions. Let’s break it down.
📈 Average Selling Price Is Up
The average home in Red Deer sold for $393,000 in April — an increase of nearly 4% compared to the same time last year. This steady growth reflects continued confidence in the local market and is especially encouraging for homeowners looking to protect their equity.
For sellers, this means the value of your home is holding strong, and well-priced properties are still moving efficiently.
🏘️ What’s Selling — And What’s Not
A total of 176 homes sold in April, and here's where it gets interesting:
145 homes sold for under $500,000
Only 31 homes sold over $500,000
This clear divide shows that while the market remains active, demand is stronger in more affordable price ranges. If you’re selling a higher-end home, strategic marketing and accurate pricing will be essential to reach qualified buyers.
📉 Inventory Is Tight
There are currently 257 active listings, which is about a 4% decrease from this time last year. Fewer listings mean less competition for sellers, but limited choices for buyers.
We’re currently sitting at 1.46 months of inventory, which is just slightly up from last year — but still firmly in a seller’s market. A balanced market typically sits between 4–6 months of inventory, so Red Deer continues to favour sellers.
💡 What This Means for You
Sellers:
You’re in a strong position. Prices are climbing, and buyer activity is consistent — especially for homes priced under $500K. But remember: not every listing sells fast. Presentation, pricing, and professional marketing are key to getting top dollar in this market.
Buyers:
Competition may be slightly easing, but inventory is still limited. Being pre-approved and working with an agent who knows how to act fast gives you a serious edge. Homes under $500K are in especially high demand, so it pays to be prepared.
🗣️ Let’s Talk Strategy
Every neighbourhood, price range, and home type has its own micro-market. If you’re wondering what this means for your home’s value or your next purchase, I’m always happy to break down the data and help you make your next move with confidence.
📞 Reach out anytime — I’d love to help you navigate the Red Deer real estate market.
📈 Average Selling Price Is Up
The average home in Red Deer sold for $393,000 in April — an increase of nearly 4% compared to the same time last year. This steady growth reflects continued confidence in the local market and is especially encouraging for homeowners looking to protect their equity.
For sellers, this means the value of your home is holding strong, and well-priced properties are still moving efficiently.
🏘️ What’s Selling — And What’s Not
A total of 176 homes sold in April, and here's where it gets interesting:
145 homes sold for under $500,000
Only 31 homes sold over $500,000
This clear divide shows that while the market remains active, demand is stronger in more affordable price ranges. If you’re selling a higher-end home, strategic marketing and accurate pricing will be essential to reach qualified buyers.
📉 Inventory Is Tight
There are currently 257 active listings, which is about a 4% decrease from this time last year. Fewer listings mean less competition for sellers, but limited choices for buyers.
We’re currently sitting at 1.46 months of inventory, which is just slightly up from last year — but still firmly in a seller’s market. A balanced market typically sits between 4–6 months of inventory, so Red Deer continues to favour sellers.
💡 What This Means for You
Sellers:
You’re in a strong position. Prices are climbing, and buyer activity is consistent — especially for homes priced under $500K. But remember: not every listing sells fast. Presentation, pricing, and professional marketing are key to getting top dollar in this market.
Buyers:
Competition may be slightly easing, but inventory is still limited. Being pre-approved and working with an agent who knows how to act fast gives you a serious edge. Homes under $500K are in especially high demand, so it pays to be prepared.
🗣️ Let’s Talk Strategy
Every neighbourhood, price range, and home type has its own micro-market. If you’re wondering what this means for your home’s value or your next purchase, I’m always happy to break down the data and help you make your next move with confidence.
📞 Reach out anytime — I’d love to help you navigate the Red Deer real estate market.