Edmonton is becoming a buyer’s market, according to new report | Daily Hive

Edmonton is becoming a buyer’s market and one property type looks extra sluggish

Albert Vasser/Shutterstock

Edmonton homebuyers had more choice and less competition in July as sales slowed and inventory climbed.

According to the latest report from the Realtors Association of Edmonton (RAE), the Greater Edmonton Area (GEA) real estate market reported 2,535 sales in July 2026. That’s 7.6 per cent lower than it was the previous month, and down 11 per cent from July 2025.

There were also 4,258 new listings, down one per cent month-over-month, and a 0.6 per cent decline over this time last year. Overall inventory rose 0.9 per cent from June and sits 17.9 per cent higher than July 2025.

The average selling price across all residential property types fell 1.8 per cent from last month to $475,079, which is 2.6 per cent higher than last year.

The MLS Home Price Index (HPI) composite benchmark price in the GEA was $429,100, down 0.3 per cent from June, and showing no change year-over-year.

“A significant shift in numbers occurred in July, following seasonal trends as the spring market fervor has faded into the summer months. Decreased sales — despite ample inventory — softening prices, and longer days on market are strong indicators that demand is subsiding,” said RAE board chair Darlene Reid.

“Numbers may rebound slightly through fall, but we’re unlikely to see activity reach the same volume again for the remainder of the year.”

So, we may be moving towards a buyer’s market right now, but which property types are looking the most sluggish? Here are the stats broken down by property type:

Apartment condominiums

Maksim Safaniuk/Shutterstock

Apartment condominium sales fell 3.9 per cent in July from June and were down 21.3 per cent from a year earlier. New listings declined 10.3 per cent month over month and 14.6 per cent year over year. The average condominium price was $214,521, down 2.1 per cent from June but up 2.3 per cent from July 2025.

You might also like:

Semi-detached homes

vietanh85/Shutterstock

Semi-detached new listings fell 4.2 per cent in July from June but were up 12.5 per cent from a year earlier. Sales declined 8.2 per cent month over month and three per cent year over year. The average price was $425,329, down 2.1 per cent from June and one per cent from July 2025.

Row/townhomes

Volodymyr Kyrylyuk/Shutterstock

Row and townhome prices averaged $292,756, down 3.5 per cent from June and 1.3 per cent from July 2025. New listings edged up 0.2 per cent month over month and rose 7.2 per cent year over year. Sales fell 9.8 per cent from June and 16.5 per cent from a year earlier.

Detached homes

Vadim Gouida/Shutterstock

Detached home prices averaged $585,726, down 1.3 per cent from June but up 1.2 per cent from July 2025. New listings fell 4.7 per cent month over month but rose 1.9 per cent year over year. Sales declined 7.9 per cent from June and 8.3 per cent from a year earlier.