Edmonton Real Estate Update - September 2025

The Greater Edmonton Area (GEA) real estate market showed signs of settling in September, with new listings holding steady while sales cooled. Year-over-year activity is mixed: more supply, but slightly fewer sales. Prices dipped month-over-month, though remain modestly ahead compared to last year.

Sales Activity

• 2,192 residential units sold in September — down 7.8% from August, and 2.9% lower year-over-year.

• 3,645 new listings were added — a slight 0.1% increase from August, and 16.3% more than September 2024.

• Inventory continues to swell, now 25.6% higher than a year ago.

Home Prices

• Overall average price: $452,849 — down 1.8% from August, yet 2.8% above September 2024

• Detached homes: $554,084 — down 2.8% monthly, up just 0.2% annually

• Semi-detached: $433,760 — up 3.1% from August, and 5.3% higher than last year

• Row/townhomes: $303,382 — up 0.5% monthly, 3.4% year-over-year

• Apartments/condos: $207,363 — down 4.9% from August, but 3.8% higher than in 2024

By Property Type

• Detached: Sales dipped 7.7% from August, but were 0.7% higher than September 2024. New listings fell 2.3% month-over-month, yet rose 18.6% year-over-year.

• Semi-detached: Sales decreased 5.9% from August and 2.4% year-over-year. Listings dropped 15.5% month-over-month, but are still 5.4% above last year.

• Row/townhomes: Units sold declined 5.2% month-over-month and 10.5% compared to last year. Listings grew 4.1% from August and 30.4% year-over-year.

• Apartments/condominiums: Sales fell 11.9% from August and 8.7% year-over-year. Listings dropped 8.0% month-over-month but remain 5.4% higher than September 2024.

MLS® Home Price Index

The MLS® HPI composite benchmark stood at $423,500, reflecting a 1.0% decrease from August, but a 4.2% increase compared to September 2024.

Park Realty’s Take

September’s numbers suggest the market is cooling gently as we move deeper into fall. Buyers are seeing more options and slightly softer pricing, while sellers may need to be more strategic with pricing and presentation. Some property types (like semi-detached and condos) faced steeper pressure, while row/townhomes held on to moderate gains.

If you’re considering making a move before year’s end, now’s a good time to gauge your strategy. We're happy to help you interpret what these shifts might mean for your home or plans.