The Edmonton real estate market is heading into summer with a wave of new inventory and shifting dynamics that could bring new opportunities for both buyers and sellers. According to the REALTORS® Association of Edmonton, May 2025 saw a 9.7% increase in residential sales over April, with 2,967 properties sold across the Greater Edmonton Area (GEA). However, year-over-year sales were down 7.9% compared to May 2024.
Inventory Rebounds, Giving Buyers More Choice
One of the biggest stories this month is the surge in listings. New residential listings hit 4,917 in May – that’s a 27.8% jump from April and a notable 16.1% increase year-over-year. Overall housing inventory rose 19.9% month-over-month, giving buyers more selection and slightly easing the pressure in what’s been a competitive market.
REALTORS® Association of Edmonton Chair Darlene Reid noted, “Our inventory levels have been buoyed by a flood of new listings, giving buyers more choice and sellers more competition. We saw a nominal decrease in average price over most property categories, which could signal a change in the direction of our housing market as the year progresses.”
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Home Prices Hold Steady, But Show Early Signs of Softening
Despite the increase in supply, prices remain relatively stable with modest year-over-year growth:
- Overall average residential price: $464,277 (↓1.4% from April | ↑5.2% from May 2024)
- Detached homes: $579,704 (↓1.0% from April | ↑6.2% year-over-year)
- Semi-detached homes: $439,857 (↑1.1% from April | ↑6.0% year-over-year)
- Row/Townhomes: $306,796 (↓2.7% from April | ↑4.3% year-over-year)
- Apartment Condos: $213,792 (↓2.1% from April | ↑3.4% year-over-year)
The MLS® HPI composite benchmark price also increased slightly to $439,100, up 0.3% from April and 9.8% higher than May 2024 – showing that the longer-term price trend is still upward.
Days on Market Improve for Most Property Types
Homes continued to sell relatively quickly in May with little change compared to April:
- Detached homes: 27 days (↓1 day)
- Semi-detached: 25 days (↓2 days)
- Row/Townhomes: 27 days (↑1 day)
- Apartment Condos: 40 days (↑2 days)
- Overall average: 29 days on market — five days faster than May 2024.
What This Means for Buyers and Sellers
If you’re thinking of buying, this could be a great time to explore your options. More Edmonton real estate listings mean more negotiating power and a better chance of finding a home that fits your needs.
For sellers, it’s still a strong market – especially if you’re selling a detached home or semi-detached property. But with inventory on the rise, standing out is becoming more important than ever. Proper pricing, staging, and working with an experienced REALTOR® will be key to getting top dollar.
Thinking about buying or selling in Edmonton?
Whether you're entering the market or considering your next move, experienced Edmonton REALTOR® Wally Fakhreddine can help you make the most of current conditions. Call or text Wally at 780-238-7384 to get started today.