The real estate market in Lloydminster continues to show unique trends as we move into the spring season. Let’s break down the latest data and key insights for the week of March 24 - March 30, 2025.
Active Listings: All-Time Low of 99 Homes on the Market
This week, there are only 99 active listings in Lloydminster, marking an all-time low. This is a significant shift from past weeks and highlights just how tight the inventory has become. With limited options, buyers are facing increased competition for the properties that are available.
Properties Sold: Strong Activity, Despite Longer Days on Market
In total, 11 homes were sold this week. The average sold price was $386,007, and homes sold for 97.98% of the list price on average. While it might seem like the market is slowing down, the reality is that properties that have been on the market for 200+ days are finally seeing offers due to the low inventory. This is leading to an increase in days on market (DOM), which was at an average of 131 days for the sold properties.
Pending Listings: High Demand with 18 Properties Under Contract
With 18 homes pending, it’s clear that there’s strong buyer demand in the current market. The average list price for these pending properties is $328,129, and they have been on the market for an average of 67 days. This shows that buyers are actively making decisions, and sellers are still seeing movement on their listings.
What Does This Mean for Sellers and Buyers?
For sellers, now is a fantastic time to list your property. With such low inventory, there’s less competition, and buyers are actively looking for homes in Lloydminster. However, it's also important to note that we are seeing a greater range in the days properties are staying on the market. Homes that have been on the market for over 200 days are finally closing, meaning buyers are still making decisions even on older listings.
For buyers, it’s crucial to move quickly in this market. The competition is fierce, and with fewer options available, properties that meet your needs might not last long.
The Need for More Listings
The key takeaway from the current market data is clear: we need more listings. Whether you have a single-family home, an acreage, or a condominium, now is the time to get your property on the market. With the inventory at such a low point, you have the opportunity to get great offers for your property.
Summary of Key Stats:
Active Listings: 99
Sold Properties: 11
Average Sold Price: $386,007
Days on Market (DOM): 131
Pending Listings: 18
Average List Price: $328,129
Days on Market (DOM): 67
All Listings: 128
Average Price: $419,573
Days on Market (DOM): 88
If you’re thinking of buying or selling, now is the time to act! Let’s talk about your real estate goals.
Harpreet Christie, Owner/REALTOR®️
RE?MAX LLOYDMINSTER
📱 780-205-7653
📧 harpreet@bordercityrealestate.com
🌐 BorderCityRealEstate.com
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