If you're keeping an eye on the real estate market in Lacombe, here's your quick update on what’s happening right now—and what it could mean for you.
The market continues to show steady growth, with both prices and sales activity on the rise. The average selling price in Lacombe has ticked up slightly year-over-year to $432,000, a positive sign for homeowners considering a sale.
Sales volume is also trending upward. 34 homes sold this month, up from 28 during the same period last year. That’s a 20% increase in sales activity, signaling that buyer demand is still strong in our community.
On the flip side, inventory is starting to build, which brings a bit more balance. There are currently 57 active listings in Lacombe, up 40% from last year. This increase gives buyers a bit more breathing room—but we’re still firmly in seller’s market territory. Right now, Lacombe sits at 1.68 months of inventory, which means if no new homes were listed, we’d sell out of available properties in under two months.
What Does This Mean for You?
Sellers are still in a great position to get strong offers, often with competitive interest from buyers.
Buyers may start to feel a bit of relief as more listings come online, though quick decisions are still key in a fast-paced market.
As always, it comes down to supply and demand. Until we see a substantial rise in available homes—or a significant drop in buyer activity—the market in Lacombe will remain strong for sellers.
Stay tuned for next week’s update, and if you're thinking about buying or selling, now is a great time to start the conversation.
The market continues to show steady growth, with both prices and sales activity on the rise. The average selling price in Lacombe has ticked up slightly year-over-year to $432,000, a positive sign for homeowners considering a sale.
Sales volume is also trending upward. 34 homes sold this month, up from 28 during the same period last year. That’s a 20% increase in sales activity, signaling that buyer demand is still strong in our community.
On the flip side, inventory is starting to build, which brings a bit more balance. There are currently 57 active listings in Lacombe, up 40% from last year. This increase gives buyers a bit more breathing room—but we’re still firmly in seller’s market territory. Right now, Lacombe sits at 1.68 months of inventory, which means if no new homes were listed, we’d sell out of available properties in under two months.
What Does This Mean for You?
Sellers are still in a great position to get strong offers, often with competitive interest from buyers.
Buyers may start to feel a bit of relief as more listings come online, though quick decisions are still key in a fast-paced market.
As always, it comes down to supply and demand. Until we see a substantial rise in available homes—or a significant drop in buyer activity—the market in Lacombe will remain strong for sellers.
Stay tuned for next week’s update, and if you're thinking about buying or selling, now is a great time to start the conversation.