August 2025 Red Deer Real Estate Market Report
Late-summer activity holds steady ahead of the fall market
Market Trends
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
| 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
| Period | Value |
|---|---|
| Single Family | 104 |
| Duplex/Townhouse | 37 |
| Apartment Condos | 28 |
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
| 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
| 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
| 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.