Edmonton Real Estate Update - August 2025

The Greater Edmonton Area market cooled in August, with both sales and new listings slowing after a busy spring and early summer. Inventory continues to trend higher year-over-year, giving buyers more choice, but homes are taking longer to sell as the market edges toward more balanced conditions.

Sales Activity

There were 2,382 residential sales in August — down 16.7% from July and 7.8% lower than August 2024.
New listings dropped 10.5% month-over-month, but remain 11.6% higher year-over-year.
Inventory continues to build, sitting 24.6% higher than August 2024.
Days on Market increased by 4 days on average compared to July.

By Property Type

• Detached homes: Average price fell 1.5% from July to $569,926, but remains 4.5% higher than last year. Sales dropped 15.8% month-over-month and 2.9% year-over-year. New listings decreased 11.5% month-over-month, but were still 14.5% higher than August 2024.

• Semi-detached: Average price dropped 2.3% to $420,802, up 1.4% annually. Sales were down 16.2% month-over-month and 12.4% year-over-year. New listings decreased 12.8% from July, but were 20.5% higher than last year.

• Row/townhouses: Average price rose 1.5% to $301,342, up 3.5% from August 2024. Sales slowed sharply, falling 17.7% from July and 19.9% year-over-year. New listings dropped 20.2% month-over-month, but were still 6.8% higher year-over-year.

• Apartments: Average price climbed 3.9% to $218,063, the largest monthly price gain of all categories, and 6.7% higher than last year. Sales fell 19.2% month-over-month and 9.5% year-over-year. New listings decreased 16.3% from July, but were still 3.3% higher annually.

Home Prices

• Overall average price: $461,281 — down 0.4% from July, but 6.0% higher than August 2024

• Detached: $569,926 — down 1.5% monthly, up 4.5% annually

• Semi-detached: $420,802 — down 2.3% monthly, up 1.4% annually

• Row/townhouses: $301,342 — up 1.5% monthly, up 3.5% annually

• Apartments: $218,063 — up 3.9% monthly, up 6.7% annually

MLS® Home Price Index

The MLS® HPI benchmark price held steady at $427,900, unchanged from July, but 5.1% higher than August 2024.

Park Realty’s Take

August brought a noticeable seasonal slowdown — fewer sales, more days on market, and slight price dips in most property types. However, we’re still seeing solid year-over-year price growth, especially in apartment condos, which had the strongest price gains last month.

For buyers, more inventory and slower sales mean there may be opportunities to negotiate. For sellers, pricing strategically and presenting your home well is more important than ever in this shifting market.