Only one property type in Edmonton is seeing prices rise
Home prices in Edmonton are seeing a slight dip as the winter cools the market down, but one kind of property is still seeing prices go up.
According to new data from the Realtors Association of Edmonton (RAE), housing activity in the Greater Edmonton Area (GEA) real estate market during November included 2,281 new listings added to the market and 1,654 units sold.
Compared to the previous month, new listings dropped 27.9 per cent, while sales decreased 19.7 per cent.
- You might also like:
- This payment method wont be accepted on Edmonton Transit soon
- Three Lotto Max tickets sold in Alberta nabbed some SERIOUS cash
- The murder rates for key Alberta spots are out and one city is HIGH
Year-over-year, new listings were 11.0 per cent higher, while sales fell 13.5 per cent. Inventory levels fell 10.6 per cent from last month but were 33.3 per cent higher than in November 2024.
Detached homes averaged $553,746, a 1.0 per cent decrease from October and 2.6 per cent higher than last year. Meanwhile, semi-detached properties averaged $423,790, down 1.2 per cent month-over-month but 5.5 per cent higher than November 2024.
Row and townhouse properties averaged $289,605, a 2.5 per cent decrease from October but 0.3 per cent higher than last year.
Apartment condominiums were the only property type to see prices go up last month, with an average price of $205,314, up 1.3 per cent from October and 2.5 per cent higher than November 2024.
Realtors Association of Edmonton
Across all property types, the average selling price in the GEA was $447,005, down 1.7 per cent from October but 2.7 per cent higher year-over-year. The MLS Home Price Index (HPI) composite benchmark price was $415,500, a 1.3 per cent decrease from October and 3.3 per cent higher than one year ago.
“Last month’s market shift was significant, but well within seasonal expectations,” said Darlene Reid, 2025 Board chair for the RAE.
“This time of year typically brings fewer sales and more days on market, and it’s not unusual to see softening prices during the colder months, as motivated sellers try to close a deal before year-end. Usually, though, it’s a time of year where different priorities are taking precedence over house-hunting, and it’s a great time to start planning for the 2026 market.”