Edmonton Housing Market: Momentum Carries Into Fall

Edmonton’s housing market entered fall with solid momentum. September sales totalled 2,191, down 3% from last year but still well above seasonal norms. With 3.23 months of supply, conditions continue to favour sellers, extending a two-year trend of tight inventory and steady price growth.

Prices continue to rise. The single-family benchmark rose 8% year-over-year to $513,900, while townhouses increased 6% to $284,300. Apartment-style condos edged up 1% to $199,100. Detached homes continue to lead the market, supported by slightly increased supply and sustained demand. 

On the supply side, conditions are improving. New listings increased 13% from August, and overall inventory climbed 24%, marking a gradual return toward balanced market levels. These gains are helping to ease competition.

The recent 25-basis-point policy rate cut appears to have had minimal short-term effect on market activity. Local fundamentals—supply, affordability, and employment—remain the dominant drivers. With more listings entering the market, activity is expected to remain strong through the fall, though not at last year’s pace.

Market Implications

• Sellers: The advantage endures, but realistic pricing and professional marketing are essential as buyers have more selection.

• Buyers: Conditions are improving. More inventory means more time to make informed decisions.

Bottom Line:
Edmonton remains a seller's market, transitioning toward a more balanced market. That shift creates opportunity on both sides—sellers can still achieve strong outcomes, and buyers are beginning to regain negotiating power as the market normalizes.