Thanks! Based on the format you've shared, here's your July Edmonton Market Update, rewritten to match that clean, professional, and informative style:
Happy July, everyone.
We’re officially into the second half of 2025, and the Greater Edmonton Area real estate market continues to show signs of rebalancing. While we remain in a seller’s market overall, we’re seeing subtle but important shifts — including rising inventory, softening month-over-month pricing, and less intense competition for buyers.
Let’s take a closer look at what’s happening.
Sales and Inventory
Compared to this time last year, inventory is up by 16%, while sales are down approximately 4%. That dynamic is leading to a slightly more balanced environment.
Currently, Edmonton sits at about 2.4 months of inventory — still well below the 5-month benchmark that indicates a balanced market, but up from last year’s sub-2-month conditions.
This increase means buyers are starting to see more selection and a bit less pressure. Multiple offers are still occurring — especially on standout homes — but they’re less predictable and often involve fewer competing buyers than we’ve seen in recent months.
Price Trends
While prices remain strong year-over-year, we did see a bit of softening month-over-month in several segments.
Detached Homes
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Average Price: $574,000
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Year-over-Year: ↑ 6.4%
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Month-over-Month: ↓ 1%
Detached homes continue to lead the market in terms of overall value and demand, though the monthly dip suggests some leveling off.
Semi-Detached (Non-Condo Duplexes)
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Average Price: $440,000
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Year-over-Year: ↑ 4.1%
This category remains steady, offering a good middle ground between detached homes and more affordable options.
Townhomes & Condo Duplexes
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Average Price: $310,000
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Year-over-Year: ↑ 6.8%
Townhomes continue to show strong performance and popularity among entry-level buyers and downsizers alike.
Apartment-Style Condominiums
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Average Price: $214,000
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Year-over-Year: ↑ 1.4%
Though modest, the increase here is a positive sign. Condos remain an attractive option for first-time buyers and investors due to their relative affordability.
Luxury Market Activity
One of the biggest shifts this year is in the luxury segment. Sales of $1 million+ homes are up 26% year-over-year, marking an all-time high for Edmonton. This surge reflects both rising home values and growing confidence in the upper end of the market.
Market Outlook
Looking ahead, the market is expected to remain active but less aggressive. Inventory could continue to rise through the summer months, offering more options and breathing room for buyers, while still maintaining enough demand to support sellers.
We anticipate fewer bidding wars, longer average days on market, and more balanced negotiations — a welcome change for many navigating real estate this year.
Final Thoughts
Overall, Edmonton’s market remains healthy, stable, and slightly more relaxed than it has been over the past 18 months. Whether you're buying, selling, or just watching the trends, it’s a great time to stay informed and make strategic decisions.
Thanks for reading, and I’ll be back with another update next month. In the meantime, enjoy the rest of your summer — and as always, feel free to reach out if you have any questions or want to talk real estate.