Red Deer Real Estate Market: Expired Listings 2024 vs 2025

by Chris Forsyth

When looking at the strength of the real estate market, one often-overlooked metric is expired listings, homes that were on the market but didn’t sell before the listing agreement ran out. A high number of expired listings can signal challenges with pricing, buyer demand, or overall market conditions.

We recently compared expired listings in Red Deer for 2024 (full year) and 2025 year to date (January through September). The numbers reveal some interesting trends that both buyers and sellers should keep in mind.

📊 Expired Listings: 2024 in Review

In 2024, Red Deer saw a total of 137 expired listings across residential properties.

  • Steady numbers early in the year: January through April averaged 10 expired listings per month.

  • A spring slowdown: May dropped sharply to just 3 expiries.

  • A late year surge: October through December accounted for 54 expiries, nearly 40% of the year’s total.

This late year spike suggests that many sellers either overpriced their homes or pulled out of the market as buyer demand softened heading into winter.

📉 Expired Listings: 2025 Year-to-Date

From January through September 2025, the Red Deer market recorded 64 expired listings, which is 46.7% fewer than the same period in 2024 (83 expired).

  • Lower expiries early in the year: January to May averaged only 5 to 6 per month, showing stronger absorption compared to 2024.

  • A balanced June and July: Numbers remained close to historical averages, with 11 in June and 6 in July.

  • An August anomaly: Expired listings jumped to 21 in August, more than double the 10 expiries recorded in August 2024.

🔎 Key Takeaways

  1. Overall fewer expired listings in 2025 suggest that more homes are successfully selling, likely due to stronger buyer demand or more realistic seller pricing.

  2. The August 2025 spike is an outlier and could indicate a temporary mismatch between asking prices and market appetite.

  3. Seasonality matters: 2024 saw the majority of expired listings in Q4 (October to December). If that trend continues, we could still see a significant year end rise in 2025.

💡 What This Means for Sellers

For Red Deer homeowners considering selling, these numbers highlight the importance of pricing strategy and timing:

  • Homes priced correctly in line with market conditions are more likely to sell quickly.

  • Overpricing can lead to listings sitting on the market and ultimately expiring, especially during slower seasonal periods.

  • Monitoring buyer activity month to month can help you list at a time when absorption rates are strongest.

✅ Final Thoughts

So far, 2025 is shaping up to be stronger than 2024, with fewer expired listings overall. But the sharp increase in August shows that pricing and presentation remain critical factors in a successful sale.

If you’re thinking about selling your home in Red Deer, working with an experienced REALTOR® can help ensure you don’t become part of the expired listing statistics. With the right marketing, pricing strategy, and local expertise, your home can stand out in today’s market.

👉 Thinking about selling your home in 2025? Let’s talk about how to position your property for success. Contact me today to schedule a free home evaluation and strategy session.

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