Welcome back to another edition of Market Minute — your quick and clear breakdown of what’s happening in Lacombe’s real estate market. We’ve got the numbers for April 2025, and they’re showing some big shifts that both buyers and sellers should pay attention to.
📈 Average Sale Price Up Nearly 30%
In April, Lacombe saw a massive year-over-year increase in the average selling price — almost 30%. That’s a significant jump and suggests strong demand, possibly paired with higher-quality inventory hitting the market. Whether it’s newer homes, recent upgrades, or changing buyer preferences, prices are on the rise.
📉 Sales Volume is Down
At the same time, residential property sales are down 16%. Fewer sales despite rising prices can point to a couple of things — affordability may be becoming an issue, or buyers are simply taking longer to make decisions. With more money on the line, it’s no surprise that today’s buyers are being more selective.
📊 More Listings, More Competition
The number of active listings is up in Lacombe, and this increase lines up with a broader trend across Central Alberta. More homes on the market mean more choice for buyers, and a little more competition for sellers.
We’re also seeing a jump of nearly 60% in months of inventory compared to last year. That sounds dramatic, but it just means supply is starting to catch up with demand. The pace is cooling slightly, and the market is edging toward something more balanced — not quite a buyer’s market yet, but heading in that direction.
🔍 What This Means for You
Sellers:
Your home may be worth significantly more than it was a year ago — but pricing strategy and presentation are critical right now. With more listings available, today’s buyers won’t rush into just anything. A solid marketing plan and smart pricing are essential.
Buyers:
Yes, prices are up — but so is your negotiating power. The increase in inventory means you have more options, and you’re not under the same pressure as buyers were this time last year. If you’ve been waiting for a little breathing room, this could be your time.
📅 As we move deeper into the spring market, we’ll keep a close eye on how these trends evolve.
If you’re curious about what your home might be worth or want to talk about buying in Lacombe or anywhere in Central Alberta, let’s connect. I’m here to help you make smart, confident moves — every step of the way.