The Greater Edmonton Area (GEA) real estate market continues to show robust activity as we progress through May 2025. The latest data from the REALTORS® Association of Edmonton indicates a dynamic market with notable trends for buyers and sellers alike.
Market Highlights
Residential Sales: A total of 1,825 residential units were sold in February 2025, marking a 14.3% increase from January 2025, though a 7.1% decrease compared to February 2024.
New Listings: There were 2,723 new residential listings, up 13.2% from the previous month but slightly down by 0.4% year-over-year.
Inventory Levels: Overall inventory in the GEA increased by 11.4% month-over-month, yet remains 13.4% lower than February 2024 levels.
Price Trends
Average Residential Price: The average price for all residential properties reached $449,554, a 2.6% increase from January 2025 and a 10.5% rise year-over-year.
Detached Homes: Average selling price stood at $567,913, up 1.2% from the previous month and 11.9% higher than February 2024.
Semi-Detached Homes: These properties averaged $420,786, a slight 0.1% decrease month-over-month but an 8.9% increase year-over-year.
Row/Townhouses: Prices averaged $300,818, down 3.5% from January 2025 but 9.1% higher than the same period last year.
Apartment Condominiums: The average price rose to $217,373, reflecting a 7.3% increase from the previous month and a substantial 19.9% year-over-year growth.
Days on Market
Properties are selling faster across all categories:
Detached Homes: Average days on market decreased by 12 days to 39.
Semi-Detached Homes: Now averaging 26 days, an 11-day reduction.
Row/Townhouses: Down by 9 days to an average of 28 days.
Apartment Condominiums: Average days on market reduced by 9 days to 48.
Overall, residential listings averaged 37 days on the market, an 11-day improvement from January 2025 and 13 days faster than February 2024.
Conclusion
The Edmonton real estate market is experiencing a vibrant spring season, with increased sales activity, rising prices, and quicker turnaround times for listings. Both buyers and sellers should stay informed and prepared to act swiftly in this competitive environment.
For more detailed statistics and information, visit the REALTORS® Association of Edmonton's official website.
