As we move through the summer real estate season, Edmonton’s housing market is continuing to show strong activity, with steady sales and increasing options for buyers.
Key Highlights:
Sales Activity: A total of 618 properties sold during the week of July 23–29. This is a slight decrease from the previous week but still reflects a solid pace compared to earlier in the year.
New Listings: There were 896 new listings added, offering more choices for buyers across the Greater Edmonton Area. Inventory continues to grow, which is helping to ease some of the pressure on pricing and competition.
Average Days on Market: Properties are spending slightly more time on the market, with an average of 37 days, up from 33 days the week before. This is a good sign for buyers, as it gives more time to view and consider options without rushing into bidding wars.
What This Means for Buyers:
With new listings on the rise and sales slightly slowing, buyers are starting to gain more leverage. This could be an ideal time to make a move if you've been sitting on the sidelines waiting for more selection or negotiating power.
What This Means for Sellers:
Homes are still selling, but pricing and presentation are becoming even more important. With increased competition, it's critical to price your property right and ensure it shows well—especially in popular categories like detached homes and townhouses.
Market Outlook:
We’re starting to see signs of a more balanced market. Prices have held fairly steady, and inventory is growing, which may help reduce some of the intense competition we saw earlier in the year. That said, well-priced and move-in-ready homes are still moving quickly—especially in high-demand neighborhoods.
Whether you’re buying or selling, having the right strategy is key in this evolving market. If you’d like a personalized market assessment or want to explore your options, our team is here to help every step of the way.
Statistics sourced from the REALTORS® Association of Alberta.
