Happy June, everyone.

We’re nearly halfway through 2025, and with school almost out and summer just around the corner, we’re seeing some notable shifts in the Greater Edmonton Area real estate market. Most significantly, inventory levels are rising, and while we are still firmly in a seller’s market, the pace is beginning to ease in some areas.

Let’s take a closer look at the numbers.

Sales and Inventory

Year-to-date, there have been approximately 12,000 residential sales in the Edmonton region — a decrease of nearly 8% compared to this time last year. In contrast, 17,000 new listings have come to market so far in 2025, marking a 16% increase year-over-year.

As a result, we’re now sitting at around 2.2 months of inventory. While this is still well below the 5-month benchmark that defines a balanced market, it does represent a slight softening from the ultra-competitive conditions of the past 12 months.

Multiple offers are still happening, particularly for well-priced or standout properties, but we’re starting to see fewer bidding wars. Some desirable listings are now staying on the market for a full week — something we haven’t seen in quite some time.

Price Trends

Despite the increase in inventory and slower sales volume, average sale prices across most property types remain strong and are continuing to rise year-over-year.

Here’s a breakdown by property type:

Detached Homes
Average sale price: $580,000
Month-over-month: up 1%
Year-over-year: up 6.2%
Detached homes remain the highest-performing category in terms of price growth, with steady demand and limited supply continuing to drive appreciation.

Row Housing (Duplexes & Townhomes)
Average sale price: $307,000
Month-over-month: down 2.7%
Year-over-year: up 4.3%
While there was a slight monthly dip, this segment has shown consistent strength over the past year and remains a popular choice for first-time buyers and downsizers.

Apartment-Style Condominiums
Average sale price: $214,000
Month-over-month: down 2.1%
Year-over-year: up 3.4%
Condos continue to be a go-to for entry-level buyers and investors, especially given the affordability relative to other housing types. Increased activity at the lower end of the market is helping to keep this segment moving, even as price growth remains modest.

Regional Highlights

Across the surrounding communities, pricing remains strong and continues to reflect the desirability of suburban and satellite markets:

• St. Albert leads the region with an average sale price of $622,000

• Sherwood Park follows closely, just under $600,000

Other markets such as Beaumont, Fort Saskatchewan, Leduc, Spruce Grove, and Stony Plain are all holding steady, contributing to a stable and resilient overall market picture.

Market Outlook

If current trends continue, we may see inventory rise further through the summer months — potentially reaching 3.5 to 4 months of supply. This would still keep us in seller’s market territory but offer much-needed breathing room for buyers. The market appears to be trending toward better balance, with less urgency, fewer bidding wars, and more thoughtful decision-making.

That said, well-priced and well-presented homes are still selling quickly, and standout properties can still attract competitive offers. Buyers should be prepared to move quickly on the right home — but they may not need to compete with six or more other offers as has often been the case over the past year.

Final Thoughts

The Greater Edmonton real estate market remains strong and stable, with positive signals for both buyers and sellers. Rising inventory and steady price growth suggest a more balanced and sustainable market may be on the horizon.

Thanks for reading, and I’ll be back with another update in July. In the meantime, enjoy the start of summer and don’t hesitate to reach out if you have any questions about navigating this evolving market.