Are multiple-offer situations common in 2025?
Quick Answer
Short answer: One in five detached listings under $500k received multiple offers this spring.
Detailed Explanation
RAE escrow-timestamp data show 21% of sub-$500k houses faced at least two bids (March-May 2025). The ratio drops to 9% for $500–800k and 3% above $1M.
- Hot zones: Rutherford, McConachie, Glenridding
- Average over-ask premium: 2.1% on winning bid
- Buyer tactics: 24-h irrevocable, inspections still included 68% of time
Disclaimer: This page is for general information only and does not constitute legal, financial, or real estate advice. Always verify details with a licensed Alberta REALTOR®, mortgage professional, or lawyer before making decisions. Buy in Edmonton assumes no liability for actions taken based on this content.
Tim Grover, RE/MAX Excellence • 780-288-5144 • 5607 199 Street NW, Edmonton, AB
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