Monthly

August 2025 Red Deer Real Estate Market Report

Late-summer activity holds steady ahead of the fall market

August 2025 Red Deer Residential
$412,720
Average Sale Price
+7.3% vs last year
169
Total Sales
-14.6% vs last year
232
New Listings
+5.9% vs last year
51.7%
Absorption Rate
-24.0% vs last year

Market Trends

Average Sale Price Trend

Average Sale Price Trend
Period Value
Aug 2024 $384,758
Sep 2024 $357,570
Oct 2024 $363,528
Nov 2024 $380,680
Dec 2024 $388,144
Jan 2025 $397,529
Feb 2025 $398,215
Mar 2025 $420,816
Apr 2025 $393,709
May 2025 $400,782
Jun 2025 $401,676
Jul 2025 $406,691
Aug 2025 $412,720

Monthly Sales Volume

Monthly Sales Volume
Period Value
Aug 2024 198
Sep 2024 139
Oct 2024 134
Nov 2024 110
Dec 2024 84
Jan 2025 95
Feb 2025 130
Mar 2025 149
Apr 2025 176
May 2025 185
Jun 2025 173
Jul 2025 213
Aug 2025 169

Sales by Property Type

Sales by Property Type
Period Value
Single Family 104
Duplex/Townhouse 37
Apartment Condos 28

Active Listings

Active Listings
Period Value
Aug 2024 291
Sept 2024 265
Oct 2024 238
Nov 2024 206
Dec 2024 193
Jan 2025 187
Feb 2025 192
March 2025 239
April 2025 262
May 2025 282
June 2025 305
July 2025 328
Aug 2025 327

New Listings

New Listings
Period Value
Aug 2024 219
Sept 2024 167
Oct 2024 153
Nov 2024 112
Dec 2024 66
Jan 2025 159
Feb 2025 130
March 2025 239
April 2025 221
May 2025 231
June 2025 236
July 2025 213
Aug 2025 232

Absorption Rate Trend

Absorption Rate Trend
Period Value
Aug 2024 68.0%
Sept 2024 52.3%
Oct 2024 55.8%
Nov 2024 53.4%
Dec 2024 43.5%
Jan 2025 50.8%
Feb 2025 67.7%
March 2025 62.3%
April 2025 67.2%
May 2025 65.6%
June 2025 56.7%
July 2025 64.9%
Aug 2025 51.7%

Single Family Sales

Single Family Sales
Period Value
Aug 2024 117
Sept 2024 83
Oct 2024 80
Nov 2024 66
Dec 2024 53
Jan 2025 62
Feb 2025 81
March 2025 94
April 2025 100
May 2025 110
June 2025 105
July 2025 124
Aug 2025 104

Market Analysis

After July’s strong performance, August 2025 saw a natural seasonal pullback in Red Deer’s residential market. Total sales came in at 169 — down from July’s 213 but still reflecting a healthy market. The average sale price of $412,720 represents a 7.2% year-over-year increase over August 2024’s $384,758, and the market-wide absorption rate of 51.7% kept conditions near balanced.

Single Family Homes recorded 104 sales at an average price of $496,555 — up 5.2% from $472,095 in August 2024. The absorption rate of 44.8%, while lower than the 58.5% seen in 2024, still reflects solid demand. Buyers have a bit more selection compared to last summer, but well-priced homes continue to move quickly.

Townhouses and Duplexes remained one of the most competitive segments with a 63.8% absorption rate and average prices of $319,451 — up 9.2% year-over-year. Affordability relative to single family homes continues to drive interest in this category.

Condos were the standout performer in August, with a 75.7% absorption rate (28 sales from 37 new listings) and an average price of $224,579 (+4.9%). Condo buyers are moving quickly when priced correctly.

Acreages: The mid-range ($500K–$600K and $900K–$1M) showed 50% absorption while the $700K–$800K range struggled at 13%. The $1M+ segment saw 15% absorption (4 sales from 26 listings).

Community Highlights:

  • Blackfalds: 51 active listings, 34 sales — 67% absorption (Seller’s Market)
  • Sylvan Lake: 115 active listings, 38 sales — 33% absorption (Buyer’s Market)
  • Penhold: 19 active listings, 7 sales — 37% absorption (Balanced Market)

Sylvan Lake transitioned to buyer’s market territory in August as recreational summer demand began to ease and inventory built up. Blackfalds remained a consistent seller’s market, while Penhold held balanced.

Additional Statistics

Active Listings 327 (+12.4%)
Absorption Rate What percentage of listed homes sold this month 51.7% (-24.0%) Seller's Market

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Sales figures are supplied by the local real estate board. Information is deemed reliable but not guaranteed, and market conditions may change.

Published September 1, 2025

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