Red Deer Housing Market Statistics
Searching for Red Deer housing market statistics in Red Deer on February 4, 12:50am? Trusted Red Deer Neighbourhood Experts community of Top Red Deer real estate agents provide comprehensive housing market reports, trends, prices and sales data. Our monthly analytics insights into the Red Deer housing market, including supply and demand, housing prices, and affordability.
We analyze Red Deer housing market statistics every 10 minutes, trends, declines, days on market and house values to give you a clear understanding of housing availability, prices, past sales, and relevant market data in Red Deer.
Frequently Asked Questions
As of January February 4, 12:50am the Red Deer Real Estate reports:
- Active properties for sale
- Highest priced property
- Lowest priced property
- Average price
Yes, Red Deer remains a strong sellers market with:
- Inventory: 1.5 months supply (balanced markets need 4-6)
- Sales-to-list ratio: 75% (above 60% indicates seller's market)
- Price reductions: Only 18% of listings reduce price
According to CREB's 2025 Q2 report, top areas by demand:
| Area | Price Range | Days on Market |
|---|---|---|
| Evanston (NW) | $500k-$700k | 9 |
| Auburn Bay (SE) | $600k-$900k | 11 |
| Bridgeland (Inner City) | $400k-$1.2M | 14 |
Despite Bank of Canada's 5% policy rate (September 2025):
- Calgary sales volume remains 12% above 5-year average
- 55% of buyers are opting for adjustable-rate mortgages
- New stress test rules allow 1% lower qualifying rate for insured mortgages
Alberta Programs:
- First Home Savings Account (FHSA): $8,000/year contribution limit
- Alberta Home Buyer Program: 5% shared equity (max $50,000)
- City of Calgary Rebates: Up to $5,000 for energy-efficient homes
- Reduced Transfer Tax: $0 on first $450,000 for homes under $600k
Market indicators suggest:
- Price forecast: CREB predicts 6-8% appreciation through 2025
- Rent vs Buy: Average mortgage payments now 15% cheaper than equivalent rents
- Construction: Only 2,800 new units expected in 2025 Red Deer area (demand for 5,000+)
Most analysts recommend buying if you plan to hold for 5+ years.
Beyond purchase price, budget for:
| Cost | Typical Range |
|---|---|
| Property Transfer Tax | $200-$5,000 |
| Home Inspection | $400-$700 |
| Legal Fees | $1,000-$2,500 |
| Property Tax Adjustment | 0.5-1.5% of home value |
Red Deer Housing Market Trends
The Red Deer housing market trends are influenced by economic conditions, interest rates, demographic shifts, and supply/demand dynamics. Recent years have seen low interest rates fueling demand and creating a seller's market with rising prices and limited inventory. The COVID-19 pandemic also shifted housing preferences toward larger homes and suburban/rural areas. These trends continue to evolve, making it important to monitor economic indicators and local market factors.
Red Deer Pre-Construction
Red Deer pre-construction developments such as condo, townhomes and detached homes available or coming soon in Red Deer Red Deer, Alberta. The prices for these developments range widely and the unit sizes also vary. Some developments have not yet released pricing details or begun accepting registrations. It is important to note that the completion dates, pricing, and deposit structure for these developments may be subject to change.
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Homes for Sale in Red Deer
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August 23 2024
With 210 new listings and 178 sales, the sales to new listings ratio increased to 85 percent. Inventory levels remained relatively constant monthly but were down 10 percent year over year. Lower...
Read More- Schools: 5/5
- Transit: 5/5
- Market: 5/5
- Safety: 5/5
- Family Friendly: 5/5
- Affordability: 5/5
April 12 2023
Sales in March eased by nearly 30 per cent over last year’s levels. However, with 146 sales this month, levels remain much stronger than activity reported prior to the pandemic. Meanwhile new...
Read More- Schools: 4/5
- Transit: 5/5
- Market: 5/5
- Safety: 4/5
- Family Friendly: 4/5
- Affordability: 4/5
March 3 2023
Red Deer Housing marketing statistics Following two years of robust sales, activity over the year’s first two months returns to more typical levels for the area. At the same time, there has been a...
Read More- Schools: 4/5
- Transit: 4/5
- Market: 5/5
- Safety: 4/5
- Family Friendly: 4/5
- Affordability: 4/5
December 9 2022
Despite easing sales in November, year-to-date sales improved by seven percent this year. Meanwhile, steady declines in new listings have caused declines in inventory levels. As of November,...
Read More- Schools: 4/5
- Transit: 3/5
- Market: 4/5
- Safety: 4/5
- Family Friendly: 4/5
- Affordability: 4/5
October 15 2022
Slower sales in September did not offset strong gains reported earlier in the year as year-to-date sales remain nearly eight percent higher than last years levels. The recent reduction in sales has...
Read More- Schools: 5/5
- Transit: 4/5
- Market: 4/5
- Safety: 4/5
- Family Friendly: 3/5
- Affordability: 4/5
September 5 2022
Rising lending rates have caused a shift toward more affordable product. In August significant year-over-year apartment condominium sales rose nearly enough to offset the declines occurring in the...
Read More- Schools: 4/5
- Transit: 4/5
- Market: 5/5
- Safety: 4/5
- Family Friendly: 4/5
- Affordability: 4/5
August 16 2022
Red Deer city is in central Alberta. It is located near the midpoint of the Calgary-Edmonton corridor. In 2016, it became the third Alberta city to surpass 100,000 residents. Like many other cities...
Read More- Schools: 4/5
- Transit: 4/5
- Market: 5/5
- Safety: 4/5
- Family Friendly: 4/5
- Affordability: 4/5
July 8 2022
Red Deer Housing Market Statistics Following several months of strong sales, June sales activity slowed. While the pullback this month is not enough to offset earlier gains, recent rate gains are...
Read More- Schools: 4/5
- Transit: 3/5
- Market: 4/5
- Safety: 4/5
- Family Friendly: 4/5
- Affordability: 4/5
May 4 2022
Red Deer Real Estate & Housing Market Statistics While falling just shy of an April record, sales activity remained strong contributing to the year-over-year gain of 14 percent. The level of new...
Read More- Schools: 4/5
- Transit: 4/5
- Market: 4/5
- Safety: 4/5
- Family Friendly: 4/5
- Affordability: 4/5
April 8 2022
Re Deer real estate statistics sales activity in March continued to rise, contributing to the first-quarter sales of 499 units, nearly 19 percent higher than last year and the second-best first...
Read More- Schools: 5/5
- Transit: 4/5
- Market: 4/5
- Safety: 4/5
- Family Friendly: 4/5
- Affordability: 4/5
February 25 2022
The market in Red Deer showed little sign of easing as sales activity improved over last year's levels. Some of the gains were thanks to a boost in new listings in January compared to what was...
Read More- Schools: 5/5
- Transit: 4/5
- Market: 5/5
- Safety: 4/5
- Family Friendly: 5/5
- Affordability: 5/5
January 22 2022
The housing market wrapped up the year with strong sales, nearly reaching record levels. While the 2021 sales of 1,891 were not a record high, sales were 50 percent higher than the previous year...
Read More- Schools: 4/5
- Transit: 4/5
- Market: 5/5
- Safety: 4/5
- Family Friendly: 4/5
- Affordability: 4/5
November 9 2021
Sales in the city improved in October relative to last year, returning to levels that were more consistent with longer-term trends. Improving sales have also been met with gains in new listings...
Read More- Schools: 5/5
- Transit: 3/5
- Market: 4/5
- Safety: 4/5
- Family Friendly: 5/5
- Affordability: 5/5
October 23 2021
September sales remained a relatively strong contribution to the year-to-date total of 1,513. While sales are still below record high levels, activity in the city remains the best seen since 2014....
Read More- Schools: 4/5
- Transit: 2/5
- Market: 4/5
- Safety: 4/5
- Family Friendly: 4/5
- Affordability: 3/5
September 4 2021
A boost in new listings this month compared to levels we traditionally see in August supported some of the gains in sales recorded this month. August sales reached 157 units contributing to the...
Read More- Schools: 5/5
- Transit: 3/5
- Market: 5/5
- Safety: 4/5
- Family Friendly: 4/5
- Affordability: 4/5
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