Edmonton Real Estate Update - May 2025

The spring market kept its momentum going in May across the Greater Edmonton Area. Sales and new listings both climbed month-over-month, while prices held fairly steady — a sign that the market is still active but finding its balance. Compared to last year’s hot spring, overall sales were lower, but inventory is rising, giving buyers more choice and helping to ease pressure on the market.

Sales Activity

There were 2,967 residential sales in May — up 9.7% from April, but down 7.9% compared to May 2024.
New listings jumped to 4,917, a 27.8% increase from April and up 16.1% year-over-year.
Inventory also saw a strong boost, climbing 19.9% month-over-month and 13.2% year-over-year.

By Property Type:

• Detached homes: 1,730 sold — up 9.8% from April, but down 8.9% from May 2024.

• Semi-detached: 289 units sold — down 5.9% month-over-month and 19.3% year-over-year.

• Row/townhouses: Sales surged 23.9% from April and were up 11.3% from last year.

• Apartment condos: Up 7.4% from April, though still down 12.6% year-over-year.

Home Prices

Prices saw only minor changes in May:

• Overall average price: $464,277 — down 1.4% from April, but still 5.2% higher than May 2024.

• Detached homes: $579,704 — down 1.0% month-over-month, but up 6.2% year-over-year.

• Semi-detached homes: $439,857 — a 1.1% increase from April and 6.0% above last year.

• Row/townhouses: $306,796 — down 2.7% from April, but up 4.3% from May 2024.

• Apartments: $213,792 — a 2.1% dip from April, though 3.4% higher than last year.

MLS® Home Price Index

The MLS® HPI benchmark price rose slightly to $439,100, a 0.3% monthly increase and up 9.8% compared to May 2024.

Days on Market

Homes are still moving quickly:

• Detached: 27 days (1 day faster than April)

• Semi-detached: 25 days (2 days faster)

• Row/townhouses: 27 days (1 day longer)

• Apartments: 40 days (2 days longer)

• Overall: 29 days — 1 day faster than April, and 5 days faster than May 2024

Park Realty’s Take

We saw another strong month in May with more listings, more buyers, and a healthy pace of sales. Inventory is finally climbing, which is giving buyers a bit of breathing room — but competition remains strong, especially in popular price ranges.

If you’re thinking about making a move, now’s a great time to have a conversation. Whether you’re buying, selling, or just watching the market, we’re always here to help you navigate your next step.