Edmonton Real Estate Update - July 2025

The Greater Edmonton Area real estate market stayed steady in July, with sales holding close to June’s pace while new listings continued to rise. The result? Inventory levels climbed again, giving buyers more choice — though overall pricing saw a slight dip month-over-month. Compared to last year, sales are down modestly, but new listings remain strong, keeping the market active through mid-summer.

Sales Activity

There were 2,860 residential sales in July — down 0.5% from June and 2.6% lower than July 2024.
New listings reached 4,387, up 7.8% from June and 20.0% higher year-over-year.
Inventory rose to 7,083 active listings, a 4.7% monthly increase and 21.8% higher than last year.

By Property Type

• Detached homes: Sales dipped 0.5% month-over-month and 0.8% year-over-year, but the average price rose 0.7% to $578,442, up 4.8% annually. New listings increased 3.0% from June and 19.7% year-over-year.

• Semi-detached: Prices fell 2.1% to $430,813, though still 5.8% higher than July 2024. Sales edged down 0.3% from June and 2.9% from last year. New listings were up 0.7% month-over-month and 34.1% year-over-year.

• Row/townhouses: Sales saw the largest slowdown — down 4.3% from June and 6.6% from last year. Average price dropped 4.1% to $296,785, up just 1.6% annually. New listings jumped 13.0% from June and 21.1% from last year.

• Apartments: Sales climbed 3.5% month-over-month, though still 4.8% below last year. Prices fell 2.4% to $209,711, but remain 2.6% higher annually. New listings increased 3.2% month-over-month and 13.9% year-over-year.

Home Prices

• Overall average price: $463,078 — down 0.4% from June, but 5.2% higher than July 2024

• Detached: $578,442 — up 0.7% monthly, 4.8% higher annually

• Semi-detached: $430,813 — down 2.1% monthly, up 5.8% annually

• Row/townhouses: $296,785 — down 4.1% monthly, up 1.6% annually

• Apartments: $209,711 — down 2.4% monthly, up 2.6% annually

MLS® Home Price Index

The MLS® HPI benchmark price was $427,800, down 2.7% from June but 5.2% higher than July 2024.

Park Realty’s Take

July’s numbers reflect a market that’s balancing out — inventory is climbing, giving buyers more options, while sellers are still seeing year-over-year price growth in most categories. Detached homes remain the most resilient segment, while row/townhouses saw the biggest cooling this month.

As we head into the late summer market, buyers may find a bit more negotiating room, while sellers can still benefit from strong demand in the right price ranges.