Summer market definitively over as sales and listings fall.
Edmonton, AB – September 2, 2025 —Activity in the Greater Edmonton Area (GEA) real estate market slowed in August, selling 2,382 units to mark a decrease of 16.7% from July 2025 and 7.8% from August 2024. Although new listings dropped by 10.5% month-over-month, they are still up 11.6% from last year, driving inventory levels 24.6% higher than in August 2024. Average days on market has also begun to increase, taking four days longer on average to sell a property in August 2025.
For the second time in a row, the average selling price across all residential property types has decreased 0.4% month-over-month. Though at $461,281, the average is still 6.0% higher than the previous year. The MLS® Home Price Index (HPI) composite benchmark price in the GEA was $427,900, reflecting no change from July 2025 and a 5.1% increase from August 2024.
“Despite the hotter temperatures in August, the market definitely cooled. The number of properties listed and sold in August was lower in all categories, which is typical for this time of year. As school starts up again and life gets busier, the buyers and sellers that are left in the market will have to change up their tactics a bit. Sellers will have to make sure they’re priced right and showing their best, while buyers will be able to negotiate with motivated sellers.” -Darlene Reid, 2025 Board Chair, REALTORS® Association of Edmonton
Data by Property Type
Detached home average prices decreased 1.5% month-over-month to $569,926, while the year-over-year change reflected a 4.5% increase. The number of detached sales fell 15.8 from July 2025 and 2.9% from August 2024. New detached listings decreased 11.5% month-over-month, but are 14.5% higher year-over-year.
Semi-detached property prices also cooled last month, falling 2.3% from July 2025 to $420,802, but were 1.4% higher than in August 2024. Sales continued to slow, with a 16.2% decrease from the previous month and 12.4% fewer sales than the previous year. In August 2025, new semidetached listings were 12.8% lower than in July, but showed an increase of 20.5% compared to August 2024.
Row/townhome prices rebounded a small amount, averaging $301,342, a 1.5% monthly increase and a 3.5% increase over the previous year. Although new listings were 6.8% higher than last year, they continued to slow, with 20.2% fewer properties added compared to July 2025. Sales continued to trend down, falling 17.7% month-over-month and 19.9% compared to August 2024.
Apartment condominium sales slowed in August 2025, dropping 19.2% from the previous month and 9.5% from the previous year. New listings for apartment condos also
decreased 16.3% from July but remained 3.3% higher than August 2024. Condominium prices showed the highest increase of all the categories, at $218,063 last month, moving the needle 3.9% higher month-over-month, and representing an increase of 6.7% over August 2024