Edmonton Real Estate Year-End Market Update — December Reflections
Happy New Year, everyone.
With December now behind us, the real estate market has officially slowed for the season—as it always does. December is rarely about momentum; it’s about perspective. So instead of focusing on one quiet month, let’s step back and look at the bigger picture of what shaped Edmonton’s real estate market over the past year and what it may mean heading into 2026.
A Year of Consistent Price Growth
When you zoom out, 2025 tells a very clear story: prices continued to rise across every major housing category, and they did so in a steady, healthy way.
In the detached home market, the average sale price for the year landed just over $570,000, up from $536,000 the year before and $492,000 two years ago. That’s a strong upward trend and a clear sign of long-term confidence in this segment.
Semi-detached homes followed a similar pattern, with average prices just under $430,000, compared to $408,000 last year and $372,000 the year before that.
In the row housing category, the average sale price reached approximately $305,000, up from $290,000 in 2024 and $258,000 in 2023.
Even apartment-style condominiums—often the slowest to respond—showed consistent improvement. Average prices came in just over $211,000, compared to $200,000 last year and $189,000 the year before.
Across the board, values moved higher, reinforcing the strength and stability of Edmonton’s market.
Sales Slowed Slightly—but the Market Stayed Balanced
While prices climbed, total sales activity eased slightly compared to 2024, which was a truly exceptional year. Overall sales were down approximately 6%, while the number of listings coming to market increased by about 8%.
Even with that shift, Edmonton finished the year with roughly three months of inventory, which still technically places us in a seller’s market. That said, conditions became more balanced toward the end of the year.
From a boots-on-the-ground perspective, buyers regained some negotiating power in the final quarter. We saw more flexibility on pricing, longer days on market, and a modest softening compared to the rapid pace earlier in the year.
What This Means Heading Into 2026
I’ll be attending the annual forecasting seminar next week and will share a more detailed outlook once I’ve had the chance to review insights from economists and market analysts who specialize in this space.
That said, if I were to look into the crystal ball today, my expectation would be a steady, balanced year ahead. I anticipate sales volumes closer to 2023–2024 levels, with prices remaining relatively flat—likely within a 1–2% range in either direction.
With so many moving parts in the global, national, provincial, and local economy, unpredictability is unavoidable. But a “normal,” uneventful year is often the healthiest outcome—and that’s what the data suggests we’re heading toward.
Thank You & Looking Ahead
As we close out another strong year, I want to thank all of my clients, friends, and colleagues for your continued trust and support. Whether you bought, sold, invested, or simply followed along with these updates, I’m grateful to stay connected.
I’ll be back next month with another market update. Until then, wishing you a healthy, happy, and prosperous start to the New Year.