Edmonton Real Estate Report - May 2026

The Greater Edmonton Area real estate market remained active in May, with sales, new listings, and prices all continuing to trend upward. While sales activity remains below the exceptionally strong pace of last year, rising inventory is creating more opportunities for buyers while home values continue to show resilience across much of the market.

Overall Market Activity

• The GEA recorded 2,557 sales in May — up 3.2% from April, but 13.4% lower than May 2025.
• There were 4,855 new listings, a 21.7% increase month-over-month and a 2.7% increase year-over-year.
• Inventory levels rose 13.4% from April and sit 23.9% higher than May 2025.

Prices & Benchmarks

• Average residential price: $491,794 — up 2.7% month-over-month, up 6.3% year-over-year
• MLS® HPI composite: $432,200 — up 0.1% from April, down 1.8% year-over-year

Breakdown by Property Type

Detached Homes

• Average price: $604,744 — up 2.6% from April, up 4.8% year-over-year
• Sales: up 6.4% month-over-month, down 8.1% year-over-year
• New listings: up 19.5% month-over-month, up 2.9% year-over-year

Semi-Detached

• Average price: $433,478 — up 2.3% month-over-month, down 1.5% year-over-year
• Sales: up 5.3% from April, up 4.2% year-over-year
• New listings: up 11.1% from last month, up 22.8% year-over-year

Row/Townhomes

• Average price: $309,554 — down 1.2% month-over-month, up 0.9% year-over-year
• Sales: down 10.8% month-over-month, down 34.7% year-over-year
• New listings: up 6.4% from April, up 3.8% year-over-year

Apartment Condominiums

• Average price: $206,282 — down 8.7% month-over-month, down 3.7% year-over-year
• Sales: up 2.2% month-over-month, down 21.6% year-over-year
• New listings: up 11.4% month-over-month, down 7.5% year-over-year

Park Realty’s Take

May continued to showcase a healthy and active spring market, with sales and listings both increasing from April. While inventory levels are higher than we've seen in recent years, price growth remains strong overall, particularly in the detached home segment where average prices have now surpassed the $600,000 mark. Buyers are benefiting from increased selection, while sellers continue to see strong values when homes are priced appropriately and presented well. As we head into the summer market, conditions remain balanced, creating opportunities for both buyers and sellers to make confident moves.