Red Deer Real Estate Market Update: November 2026

by Ben James

Red Deer Real Estate Market Update: November 2026

Nov 11, 2026 · @Ben James

Red Deer home sales dropped about 19% this October compared with last October, but prices held. The average sold price was $438,492, down just 1.2%, and homes sold 4 days faster.

Every figure below is for residential property in the City of Red Deer, October 1 to 31, from Pillar 9 MLS® data.

October 2026 vs October 2025

Measure	October 2025	October 2026	Change
Homes sold	165	133	-19.4%
Average sold price ($)	443,637	438,492	-1.2%
Average days on market, sold	41	37	4 days faster
Listings expired	17	24	+41.2%
Listings terminated	45	57	+26.7%

Source: Pillar 9 MLS® Inventory Counts Reports, City of Red Deer, residential, October 2025 and October 2026.

What it tells you: fewer homes sold, but the ones priced right still sold quickly and close to last year's prices. More listings expired or were pulled than last October.

If you're selling

Price it right from day one. Winter buyers compare every listing. Homes priced above recent sales tend to sit through the holidays.
Fewer showings, more serious buyers. People who shop in November and December usually need to move.
Overpricing costs time. In October, expired listings sat 112 days on average and were priced about $18,000 higher than homes that sold in 37 days.

Curious what your home would sell for today? Get a free home valuation [VERIFY link].

If you're buying

Less competition, historically. Fewer buyers shop over the holidays, so there is often more room to negotiate.
Get pre-approved first. Rates and rules change. Confirm your numbers with a mortgage broker before you book showings.
Know the neighbourhood. See current listings and prices in Timberlands, Clearview Ridge, Vanier Woods, Anders Park and Anders South.