Edmonton Real Estate Market Update — September 2025
As summer draws to a close, Edmonton’s real estate market is showing signs of a shift. August data — just released by the REALTORS® Association of Edmonton — reveals changes that buyers and sellers should know about.
Key Market Highlights from August 2025
- Sales activity cooled: Only 2,382 residential units were sold in the Greater Edmonton Area (GEA) — a drop of 16.7% from July and 7.8% lower year over year.
- Inventory rose significantly: The number of active listings stands at 7,141 — representing a 24.6% increase compared to August 2024.
- Homes are staying on the market longer: Average days on market rose four days to reach 37 days for residential properties.
- Prices remain mostly stable:
- The average price across all residential types was $461,281, slightly down by 0.4% from July, but still up 6.0% compared to last year.
- Detached home prices dropped 1.5% month over month, to an average of $569,926, but remain 4.5% higher than last year.
- Townhomes and apartments showed modest gains, with average prices of $301,342 (+1.5% MoM) and $218,063 (+3.9% MoM) respectively.
Overall, we are seeing a transition toward a more balanced market, with greater inventory and slightly softened pricing creating opportunities for buyers.
What This Means for Sellers
- Price competitively: With more listings and slower sales, buyers have more options and negotiating power. Homes must be priced correctly and staged well.
- Focus on presentation: Great photos and curb appeal matter more as buyers take their time. Consider refreshing your listing materials.
- Timing: If you plan to sell before winter, consider listing sooner rather than later. Activity often picks up in early fall before markets slow again in winter.
What This Means for Buyers
- More choices: With inventory up nearly 25% compared to last year, your chances of finding the right home are improving.
- Negotiating room: Sellers may be more open to price adjustments or repairs after inspection due to lower buyer competition.
- Act with clarity: While there are more listings to choose from, the best properties still move quickly. Be prepared with pre-approval and your preferences clearly defined.
Looking Ahead
- The MLS® Home Price Index (HPI) benchmark is holding steady at $427,900 — unchanged since July — but up 5.1% over the past year.
- Many local experts believe September and early October offer a prime opportunity for sellers looking for a strong exit.
- As we head into fall, both buyers and sellers should stay flexible. The market is moving toward balance, but location, home type, and preparation will determine outcomes most.
How I Can Help
Want tailored insights for your neighbourhood or home type? I can prepare a custom update just for you. Whether you are buying or selling this fall in Edmonton or rural areas, let’s connect and build your strategy together.
Contact me today to talk about your move.