Red Deer Housing Market Update: Sales Trends in 2024–2025

The Red Deer housing market has shown notable shifts in both detached and attached home sales over the past two years. Looking specifically at 2024 and 2025, sales data suggest a trend of softening activity in recent months, even as inventory levels begin to improve.

The chart below shows Red Deer detached home sales in 2025 and the 6 years prior. This allows readers to compare home sales each year and each month. *year to date.

Detached homes	2019	2020	2021	2022	2023	2024	2025	diff
Jan	50	51	71	81	51	52	62	⬆︎ 19%
Feb	69	59	101	113	59	66	81	⬆︎ 23%
Mar	72	79	126	132	88	87	94	⬆︎ 8%
Apr	96	37	169	166	126	130	100	⬇︎ 23%
May	93	59	148	164	118	144	110	⬇︎ 24%
Jun	90	97	141	121	129	118	105	⬇︎ 12%
July	99	113	108	118	117	115	124	⬆︎ 8%
Aug	76	98	117	104	113	117	103	⬇︎ 12%
Sept	79	93	119	83	105	83
Oct	71	88	98	96	84	80
Nov	66	76	86	75	72	66
Dec	49	65	88	44	63	53
For the year	910	915	1372	1298	1124	*829	*779

Detached Homes:

Detached home sales in 2025 are down 6% year-to-date compared to 2024 (779 vs. 829). Four of the last five months (May through September) have posted lower sales than the same period last year. For example, May sales fell 24% year-over-year, June dropped 12%, and September was down 12%. While there have been a few bright spots—such as July sales rising 8% and February jumping 23%—the overall trajectory has been downward.

The chart below displays the attached home sales in Red Deer for this year and six years back. The column on the right indicates whether sales have increased or decreased, along with the percentage change compared to the same month from the previous year. *year to date

Attached homes	2019	2020	2021	2022	2023	2024	2025	diff
Jan	25	18	29	43	41	38	33	⬇︎ 13%
Feb	18	20	33	59	35	45	49	⬆︎ 8.9%
Mar	28	22	60	71	59	69	55	⬇︎ 20%
Apr	42	24	55	73	55	75	76	⬆︎ 5.6%
May	28	16	47	79	100	82	75	⬇︎ 8.5%
Jun	35	24	65	76	75	76	67	⬇︎ 12%
July	50	48	45	70	77	62	89	⬆︎ 44%
Aug	41	35	41	50	76	79	65	⬇︎ 18%
Sept	39	47	42	44	60	55
Oct	30	28	35	36	44	54
Nov	25	42	37	41	49	44
Dec	22	23	41	20	34	30
For the year	383	307	530	662	710	*523	*509

Attached Homes:

Attached home sales have fared slightly better but are still trending lower. Year-to-date sales in 2025 are down 3% compared to 2024 (509 vs. 523). Three of the past five months have been weaker than last year, including a 20% decline in March and an 18% drop in August. That said, February and July posted gains, with July seeing a strong 44% year-over-year increase.

Market Dynamics:

One key factor behind these numbers is inventory. For much of 2025, inventory has been extremely tight, limiting the number of transactions simply because fewer homes were available to buy. Recently, however, supply has started to increase. In theory, this should create an opportunity for higher sales, but buyers may be hesitant to jump back into the market. After months of frustration with limited choice, many could be waiting to see if more listings emerge or if pricing adjusts before making a move.

If inventory continues to improve in the detached segment while staying tight in the attached segment, we could see an even more pronounced split in market conditions as we head into fall.

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Hosted by Blake King Realtor® and Big Earth Realty. Blake King continually monitors the Red Deer and Central Alberta real estate market to track changes and watch trends. With this information, he can help you make the most informed decisions when buying or selling your home. If you want to learn more about the local market and how it impacts your next real estate transaction in Red Deer, call or email him anytime at (403) 350-7672