Edmonton Real Estate Market Update – February 2025

As we transition from winter to early signs of spring, the Edmonton real estate market continues to see shifts in activity. February 2025 brought notable changes in sales, listings, and home prices, reflecting evolving buyer and seller behaviors.

Residential Sales & Listings

• Total Residential Sales: 1,825 units (+14.3% MoM, -7.1% YoY).
• New Listings: 2,723 properties (+13.2% MoM, -0.4% YoY).
• Overall Inventory: Up 11.4% from January, but 13.4% lower YoY, keeping competition steady.

Sales Breakdown by Property Type

• Detached Homes: 1,015 sales (+18.6% MoM, -12.3% YoY), avg. price $567,913 (+1.2% MoM, +11.9% YoY).
• Semi-Detached Homes: 215 sales (+7.5% MoM, +11.4% YoY), avg. price $420,786 (-0.1% MoM, +8.9% YoY).
• Row/Townhouses: 277 sales (+23.4% MoM, +3.9% YoY), avg. price $300,818 (-3.5% MoM, +9.1% YoY).
• Apartment Condos: 318 sales (-0.3% MoM, -9.2% YoY), avg. price $217,373 (+7.3% MoM, +19.9% YoY).

MLS® Home Price Index (HPI)

The MLS® HPI benchmark price in the GEA was $428,800, increasing 2.3% from January and 12.3% from February 2024.

Days on Market

• Detached Homes: 39 days (12-day improvement).
• Semi-Detached Homes: 26 days (down 11 days).
• Row/Townhouses: 28 days (down 9 days).
• Apartment Condos: 48 days (down 9 days).
• Overall: 37 days (down 11 days MoM, 13 days YoY).

Key Takeaways

• Sales and listings rose from January, but inventory remains low year-over-year.
• Prices continue to climb, especially for detached homes and condos.
• Faster sales suggest strong buyer demand heading into spring.

Park Realty’s Insights

At Park Realty, we’re seeing a clear shift in market momentum. Buyer demand remains strong, particularly for detached homes and townhouses, while condos continue to show price growth despite slightly lower sales. With low inventory compared to last year, well-priced homes are moving quickly, and competition is increasing.

For sellers, this means now is a great time to list, especially as we approach the busy spring market. Buyers should be prepared to act fast and work with a knowledgeable real estate team to navigate multiple-offer scenarios and competitive pricing.