Edmonton Real Estate Update - November 2025

November marked a clear seasonal slowdown in the Greater Edmonton Area (GEA) real estate market, with sales and new listings declining as the year winds down. While activity cooled month-over-month, prices remain higher than this time last year, and inventory levels are still significantly elevated compared to 2024.

Sales Activity

There were 1,654 residential sales in November — down 19.7% from October and 13.5% lower than November 2024.
New listings totalled 2,281, a 27.9% drop month-over-month, but still 11.0% higher year-over-year.
Inventory declined 10.6% from October, yet remains 33.3% higher than last year.

Home Prices

• Overall average price: $447,005 — down 1.7% from October, but 2.7% higher than November 2024

• MLS® HPI composite: $415,500 — down 1.3% month-over-month, 3.3% higher year-over-year

By Property Type

• Detached homes:

  • Average price: $553,746 — down 1.0% from October, up 2.6% year-over-year

  • Sales: down 22.7% month-over-month and 15.2% year-over-year

  • New listings: down 29.2% from October, but 12.5% higher than last year

• Semi-detached:

  • Average price: $423,790 — down 1.2% monthly, up 5.5% year-over-year

  • Sales: down 7.8% from October, but up 3.1% compared to November 2024

  • New listings: down 39.4% month-over-month, up 17.0% year-over-year

• Row/townhouses:

  • Average price: $289,605 — down 2.5% from October, up 0.3% year-over-year

  • Sales: down 11.9% month-over-month and 12.5% year-over-year

  • New listings: down 30.8% from October, but 17.7% higher than last year

• Apartment condos:

  • Average price: $205,314 — up 1.3% from October, 2.5% higher than November 2024

  • Sales: down 23.4% month-over-month and 18.8% year-over-year

  • New listings: down 31.4% from October, up 0.5% year-over-year

Park Realty’s Take

November reflects a typical year-end slowdown, with fewer homes coming to market and fewer buyers actively shopping. Even so, prices across most categories remain higher than last year, showing continued resilience despite softer sales. Elevated inventory levels compared to 2024 mean buyers have more choice, while sellers need to price thoughtfully and prepare their homes well to stand out.

As we head into the final weeks of the year, it’s a great time to plan ahead for a winter or early-spring move.