Happy May, everyone. The April stats are in, and while we’re starting to see a few subtle shifts, the Greater Edmonton Area real estate market remains active and confident. Inventory is slowly rising, but we’re still in strong seller’s market territory as spring continues to unfold.

Let’s take a look at the numbers.

Sales and Inventory

In April, there were 2,710 residential sales across the Greater Edmonton Area. That’s a 13% decrease from April 2024, indicating a slight cooling in transaction volume. However, this doesn’t necessarily signal a slowdown in demand — rather, it reflects ongoing inventory constraints.

On the supply side, over 4,000 new listings came to market in April, marking a 4% year-over-year increase. While that’s encouraging, we’re still sitting at around two months of inventory, which means sellers continue to hold the upper hand.

The limited supply is keeping upward pressure on home prices.

Price Trends

Despite fewer sales and more listings, prices continue to rise. The average residential sale price in Edmonton reached $470,447 in April, up 9% from the same time last year.

Here’s how that breaks down by property type:

Single Family Homes

• 1,517 sales (down nearly 15% year-over-year)

• Average sale price: $585,707

• Price growth: 10.4%
  This is a new record high for single-family home prices in Edmonton, showing the continued strength of this segment.

Condominiums

• 435 sales (down almost 15%)

• Average sale price: $218,330

• Price growth: 8.5%
  While sales have declined, the consistent increase in average price suggests continued confidence, particularly in the $200,000–$300,000 range where buyer activity remains strong.

Duplexes and Row Housing

• 392 sales (down 4.2%)

• Average sale price: just under $315,000

• Price growth: 6.7%
  This segment remains a steady performer and a key option for many first-time buyers and downsizers alike.

Luxury Market Insight

A standout figure from this month’s data is the increase in high-end home sales. Transactions in the $1 million to $2 million range are up nearly 40% year-over-year. This surge is contributing to the rise in average sale price and signals growing confidence in what was once a much quieter segment of the market.

Market Outlook

While the post-election environment and talk of tariffs may have created some uncertainty, there’s been little actual impact on Edmonton’s real estate activity. Alberta remains one of the most desirable and affordable places to live in Canada, and that’s being reflected in both demand and pricing.

Looking ahead, we expect to see a gradual softening in market intensity — slightly fewer sales, a bit more inventory, and overall healthier levels of growth. This would be a welcome shift, allowing buyers a bit more breathing room while still maintaining solid returns for sellers.

Final Thoughts

Edmonton’s real estate market continues to show strong fundamentals. Price growth is steady, consumer confidence is high, and demand is being driven by affordability, immigration, and local economic stability. If current trends continue, we’re heading toward a more balanced and sustainable market through the rest of spring and into summer.

Thanks for reading, and I’ll be back next month with another update.

Greater Edmonton and Area Market Update - April 2025