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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.

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.