It’s been a dynamic summer for the Edmonton real estate market. According to the latest data from the Realtors Association of Edmonton (RAE), new listings jumped 20% year-over-year in July 2025, creating a notable surge in inventory across the region. For buyers, this brings more options. But for sellers? The story is more nuanced.
Inventory Surge: What the Numbers Say
In July 2025, the greater Edmonton region saw 4,387 new listings, up 7.8% from June and 20% from the same time last year. Total active listings reached 7,083 — a 21.8% increase year-over-year.
Yet, despite this supply boost, sales activity softened slightly. There were 2,860 home sales in July, marking a 2.6% dip from 2024 and a 0.5% decrease from the previous month.
So what’s happening here?
According to RAE Board Chair Darlene Reid, while the influx of listings gives buyers more choice, we haven’t fully shifted into buyer territory. Inventory remains around 2.7 months, well below the six-month threshold typically used to define a buyer’s market.
A Tale of Many Markets: The Micro Trends Matter
Whether you’re buying or selling, it’s important to understand that Edmonton doesn’t operate as a single, monolithic market. Some areas are very much still in seller’s market territory — especially when properties are well-priced and detached.”
Detached homes averaged 31 days on market and accounted for 1,690 sales in July.
Condos, on the other hand, averaged 46 days on market and saw 471 sales, highlighting a slower pace and more buildup in inventory for this segment.
Buyers looking for condos will find an abundance of options — and potentially better negotiating power — while detached home shoppers may still need to act quickly, especially in popular areas.
More Buyers, More Caution: What’s Changing in Buyer Psychology?
Compared to the frenzied pace of previous years — when homes were selling in hours and offers were made sight-unseen — today’s buyers are more strategic. Buyers today aren’t gripped by FOMO (fear of missing out) — they’re increasingly guided by FOPO (fear of overpaying). In a high-interest-rate environment, affordability matters more than ever.
New Builds vs. Resale: Which Way Are Buyers Leaning?
With Edmonton leading the country in housing starts, buyers now face a choice: character-filled resale homes or turnkey new builds. Newer homes offer modern finishes, energy-efficient systems, and warranty protection — often a major draw for those seeking peace of mind.
But resale homes still carry unique appeal — mature neighbourhoods, established schools, tree-lined streets, and often, larger lots.
Edmonton’s Affordability Advantage
Despite national headlines about unaffordable housing in cities like Vancouver and Toronto, Edmonton remains one of Canada’s most affordable major markets.
According to Zoocasa, the average monthly mortgage payment in Edmonton is approximately $2,336, up from $1,658 in 2015 — but still far below the sky-high payments in B.C. and Ontario. Many Albertans who bought in 2020–2021 are now renewing at higher rates, facing $300–$400/month increases, yet most are managing by adjusting their budgets elsewhere.
What’s more, migration trends are working in our favour. Families and professionals from expensive provinces are increasingly choosing Alberta — and particularly Edmonton — for its balance of city amenities and affordability.
Market Outlook: What to Expect Heading Into Fall
While summer often brings a natural slowdown, experts agree: Fall could bring renewed activity. Edmonton’s aggregate home price is projected to climb to $493,000 by year-end — a 7% annual increase — even as growth slows in Toronto and Vancouver.
The takeaway? Edmonton is still a strong market, even if the pace has moderated.
Final Thoughts: What This Means for Buyers and Sellers
As a real estate professional and owner of Iconic YEG, I’m closely watching these trends and guiding clients accordingly. Here’s my advice:
For Buyers: This is your moment to explore. With more inventory, less pressure, and relatively stable prices, you can afford to be thoughtful. But act decisively if you find “the one.”
For Sellers: Price strategically. The right pricing, marketing, and presentation still lead to quick, successful sales — especially in hot sub-markets or for detached homes.
For Everyone: The Edmonton market isn’t one-size-fits-all. Your neighborhood, property type, and timing all matter. That’s why having a real estate partner who knows the nuances of this city is key.
Whether you’re buying your first home, selling your current one, or just exploring your options — Iconic YEG is here to help you make your move with confidence.
Let’s turn the market data into a smart, strategic plan — together.
Looking for a home or thinking of selling? Reach out directly to Caitlin Heine and the Iconic YEG Real Estate Team at iconicyeg.com or follow us on Instagram.
