REALTORS® Association of Edmonton

Edmonton housing market activity may have hit turning point for summer

The Greater Edmonton Area (GEA) real estate market reported 2,535 sales in July 2026, decreasing 7.6% in comparison to activity in June 2026 and 11.0% compared to July 2025. There were 4,258 new listings — a month-over-month decrease of 1.0% and a year-over-year increase of 0.6%. Inventory levels rose 0.9% from the previous month and are 17.9% higher than July 2025.

Average selling price across all residential property types decreased by 1.8% from the previous month to $475,079, a price 2.6% higher than July 2025. The MLS® Home Price Index (HPI) composite benchmark price in the GEA was $429,100, decreasing 0.3% from June 2026 and showing no change year-over-year.

"A significant shift in numbers occurred in July, following seasonal trends as the spring market fervor has faded into the summer months. Decreased sales—despite ample inventory—softening prices, and longer days on market are strong indicators that demand is subsiding. Numbers may rebound slightly through fall, but we’re unlikely to see activity reach the same volume again for the remainder of the year.” Darlene Reid, 2026 Board Chair, REALTORS® Association of Edmonton

Data by Property Type

Detached home prices averaged $585,726, decreasing 1.3% from June 2026 and increasing 1.2% from July 2025. New detached listings decreased 4.7% month-over-month but increased 1.9% year-over-year. Detached sales decreased 7.9% from the previous month and 8.3% compared to sales in July of last year.

Semi-detached new listings decreased 4.2% from the previous month but are still 12.5% higher year-over-year. Sales decreased by 8.2% compared to June 2026 and 3.0% compared to July 2025. The semi-detached average price was $425,329, decreasing 2.1% from June and 1.0% from July 2025.

Row/townhomes prices decreased 3.5% from last month and 1.3% from July 2025, averaging $292,756. New listings were up 0.2% from June and 7.2% from July 2025. Sales for row/townhouse properties decreased by 9.8% month-over-month and were 16.5% lower year-over-year.

Apartment condominiums sales decreased 3.9% in July and sold 21.3% fewer units than the same month of the previous year. New listings decreased 10.3% month-over-month and 14.6% year-over-year. Condominium prices averaged $214,521 during July 2026—decreasing 2.1% from June but increasing 2.3% over July 2025.

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For media inquiries, please contact Michelle Nuño, Senior Communications Specialist, at communications@therae.com or 780-453-9368.

BOARD & ASSOCIATION INFORMATION

The REALTORS® Association of Edmonton (Edmonton Real Estate Board), founded in 1927, is a professional association of real estate Brokers and Associates in the greater Edmonton area. The Association administers the Multiple Listing Service®, provides professional education to its members and enforces a strict Code of Ethics and Standards of Business Practice. The Association also advertises property listings and publishes consumer information on the Internet at www.realtorsofedmonton.com, and www.REALTOR.ca. REALTORS® support charities involving shelter and the homeless through the REALTORS® Community Foundation. Trademarks are owned or controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®) and/or the quality of services they provide (MLS®).