Edmonton Real Estate Market Update – August 2025
The Greater Edmonton Area (GEA) real estate market saw a seasonal slowdown in August 2025. A total of 2,382 properties sold, marking a 16.7% decline from July and a 7.8% decrease compared to August 2024. While new listings dropped 10.5% month-over-month, they remained 11.6% higher year-over-year, pushing overall inventory up 24.6% from last August. Homes also took longer to sell, with the average days on market increasing by four days.
For the second consecutive month, average home prices dipped slightly, down 0.4% from July. However, the overall average price of $461,281 is still 6.0% higher than last year. The MLS® Home Price Index (HPI) composite benchmark held steady at $427,900, unchanged month-over-month and 5.1% above August 2024.
“Despite the hotter temperatures in August, the market definitely cooled. The number of properties listed and sold was lower across all categories, which is typical for this time of year. As school starts up again and life gets busier, buyers and sellers will need to adjust their strategies. Sellers should focus on pricing right and showcasing their homes, while buyers may find more room to negotiate with motivated sellers.”
– Darlene Reid, 2025 Board Chair, REALTORS® Association of Edmonton
Market Snapshot by Property Type
Detached Homes
Average Price: $569,926 (↓ 1.5% MoM | ↑ 4.5% YoY)
Sales: ↓ 15.8% MoM | ↓ 2.9% YoY
New Listings: ↓ 11.5% MoM | ↑ 14.5% YoY
Semi-Detached Homes
Average Price: $420,802 (↓ 2.3% MoM | ↑ 1.4% YoY)
Sales: ↓ 16.2% MoM | ↓ 12.4% YoY
New Listings: ↓ 12.8% MoM | ↑ 20.5% YoY
Row/Townhomes
Average Price: $301,342 (↑ 1.5% MoM | ↑ 3.5% YoY)
Sales: ↓ 17.7% MoM | ↓ 19.9% YoY
New Listings: ↓ 20.2% MoM | ↑ 6.8% YoY
Apartment Condominiums
Average Price: $218,063 (↑ 3.9% MoM | ↑ 6.7% YoY)
Sales: ↓ 19.2% MoM | ↓ 9.5% YoY
New Listings: ↓ 16.3% MoM | ↑ 3.3% YoY
What This Means for Buyers & Sellers
- Buyers: With inventory levels up and sales activity slowing, there are more opportunities to negotiate. Apartment condos and row/townhomes remain the most affordable entry points into the market.
- Sellers: Competition is increasing as more listings hit the market. Pricing strategically and ensuring your property shows at its best will be key to attracting buyers.
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