Happy April, everyone! Despite all the ongoing chatter around tariffs and politics, Edmonton’s real estate market is showing no signs of cooling down. In fact, we’re in full spring mode, and things are heating up even more.

Let’s jump right into the numbers.

Sales & Inventory

In March, a total of 2,494 properties were sold across the Greater Edmonton Area. That’s a 1.3% increase compared to the same time last year – so we’re keeping pace with 2024 and even edging ahead slightly.

New listings hit 3,780, which marks a 7.5% increase in inventory. That’s great news – we want to see inventory levels rising. However, because sales are still so strong, we’re currently sitting at under two months of inventory, which firmly places us in seller’s market territory.

I actually expected inventory to rise more than it has, but it’s heading in the opposite direction. That limited supply is going to keep putting upward pressure on prices.

Price Trends

The average residential sale price in Edmonton now sits at $460,685. That’s up nearly $39,000 from March of last year, when it was sitting around $421,000 – a solid increase across the board.

Let’s break it down by property type:

• Single Family Homes

  • 1,434 sales

  • Average sale price: just under $575,000

  • Price increase: 11% year-over-year

• Condos

  • 418 sales

  • Average sale price: $218,052

  • Price increase: 12% year-over-year

  • Sales volume up almost 9%

• Duplexes & Row Housing

  • 371 sales

  • Average sale price: just under $315,000

  • Price increase: 11%

  • Sales volume up about 4%

Overall, we’re looking at strong growth across every property category. Prices are up, demand is high, and Edmonton continues to be one of the more affordable large cities in Canada – even as life gets more expensive elsewhere.

What’s Driving the Market?

A key factor behind the momentum is immigration. With affordability becoming a bigger concern nationwide, more people are turning to Edmonton as a smart, stable option – and it’s showing up in the numbers.

We’re also seeing notable growth in specific price brackets. On the condo side, the sweet spot is between $200,000–$300,000, where we’ve seen the biggest jump in sales compared to last year. For single-family homes, the most significant activity is in the $600,000–$650,000 range – more buyers are stepping into those price points than before.

Final Thoughts

The bottom line? Edmonton’s real estate market is thriving. We’re seeing balanced, healthy growth with room for more. As long as inventory remains tight and demand stays strong, we can expect continued upward momentum through the spring and likely beyond.

Thanks for checking in – see you next month with another market update!