Average central Alberta home price up, but Red Deer sees decrease

In Red Deer, the average sale price in September was $357,570, down from $384,758 in August and below the yearly high of $400,990 in May. A total of 139 units were sold last month, a decrease from 198 in August. The average days to sell a home was 36. In Q3 2024, the median price for a single-family detached home in Red Deer rose to $516,900. Nationally, home prices increased 1.6% year-over-year, with expectations for stable prices and increased market activity in early 2025 due to easing lending rates.