Average Months of Inventory Sits at 1.46 – What That Means for Buyers and Sellers
The May numbers are in, and while the headlines might not look dramatic, the story underneath is telling us a lot about where the Red Deer market is headed. We’re still firmly in seller’s market territory with average months of inventory sitting at just 1.46—and depending on the price point, that story changes even more.
What’s Happening in the Market?
The average price of a detached home in Red Deer is currently sitting around $474,000. Sales were down slightly in May compared to April, even though inventory held steady with 276 active listings—a number nearly identical to this time last year.
Of those listings, 183 properties are priced under $500,000, and just 93 are over that mark. This price divide is where we start to see two very different markets forming.
Two Markets, One City
Out of the 185 sales in May, 150 were under $500K. That’s where most of the action is happening, and it’s also where inventory is tightest—resulting in less than one month’s supply in that segment. Homes in this range are moving fast, often with multiple interested buyers.
By contrast, only 35 properties sold over $500,000, leaving about three months of inventory in that segment. While it’s still leaning towards a seller’s market, the upper end is behaving more like a balanced market—which gives higher-end buyers a little more room to breathe.
What's Driving This?
There are two main possibilities: one, that buyers are finding fewer listings they truly want (despite the number being stable), and two, that affordability is starting to catch up with the average buyer. Given rising costs in nearly every area of life, affordability pressure is likely playing a big role in this slight slowdown in sales, especially at higher price points.
What to Expect Going Forward
Unless we see a significant increase in new listings or a drop in buyer demand, Red Deer will likely remain in a seller’s market—particularly under the $500,000 mark. If you're buying in that range, be prepared to act quickly. If you're selling, especially under $500K, you're still in a strong position.
Stay tuned—we’ll continue tracking these trends so you can stay informed and ready to make your next move confidently.
The May numbers are in, and while the headlines might not look dramatic, the story underneath is telling us a lot about where the Red Deer market is headed. We’re still firmly in seller’s market territory with average months of inventory sitting at just 1.46—and depending on the price point, that story changes even more.
What’s Happening in the Market?
The average price of a detached home in Red Deer is currently sitting around $474,000. Sales were down slightly in May compared to April, even though inventory held steady with 276 active listings—a number nearly identical to this time last year.
Of those listings, 183 properties are priced under $500,000, and just 93 are over that mark. This price divide is where we start to see two very different markets forming.
Two Markets, One City
Out of the 185 sales in May, 150 were under $500K. That’s where most of the action is happening, and it’s also where inventory is tightest—resulting in less than one month’s supply in that segment. Homes in this range are moving fast, often with multiple interested buyers.
By contrast, only 35 properties sold over $500,000, leaving about three months of inventory in that segment. While it’s still leaning towards a seller’s market, the upper end is behaving more like a balanced market—which gives higher-end buyers a little more room to breathe.
What's Driving This?
There are two main possibilities: one, that buyers are finding fewer listings they truly want (despite the number being stable), and two, that affordability is starting to catch up with the average buyer. Given rising costs in nearly every area of life, affordability pressure is likely playing a big role in this slight slowdown in sales, especially at higher price points.
What to Expect Going Forward
Unless we see a significant increase in new listings or a drop in buyer demand, Red Deer will likely remain in a seller’s market—particularly under the $500,000 mark. If you're buying in that range, be prepared to act quickly. If you're selling, especially under $500K, you're still in a strong position.
Stay tuned—we’ll continue tracking these trends so you can stay informed and ready to make your next move confidently.