The real estate landscape in the Greater Edmonton Area is an interesting scenario of strong growth in May, 2025, tempered by emerging shifts. The benchmark price for single-family homes has increased by 11% over last May, reaching an unprecedented high of $518,500. Additionally, other segments of the market have shown noteworthy appreciation: apartment-style condos have risen by 15% to $223,300, while townhouses have appreciated by 16% to $303,100. These increases reflect a sustained seller’s market of over two years.
However, a closer look at the current statistics reveals early signs of change. New listings in May reached a record peak (since I started tracking the stat in 2008), with 4,915 new listings—a 17% increase compared to last year. Despite higher than normal demand, sales have decreased by 8%, alongside a 12% rise in available inventory. We're also seeing an increase in the number of price adjustments, with 350 to 400 reductions weekly, a significant rise from the 200 to 250 we saw at this time last year.
These trends suggest that while the market still favours sellers due to relatively low supply (just over 2 months), buyers are beginning to experience a wider range of choices. This evolving landscape means strategic pricing and effective marketing are more critical than the past couple of years for sellers. Conversely, buyers may find themselves less pressured, enjoying more leverage and opportunities to thoughtfully consider their decisions, depending on the type of property they're interested in.
City of Edmonton Stats
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