As we move deeper into October, the Edmonton real estate market continues to show signs of the typical seasonal slowdown. Both sales activity and new listings declined this week, suggesting that buyers and sellers alike are settling into a steadier fall rhythm after a busy summer season.
Market Highlights for the Week:
Total Unit Sales: 428 (↓ 15% from last week)
New Listings: 688 (↓ 24% from last week)
Average Price: $456,000 (↓ 2% from last week)
Median Price: $423,000 (↓ 4% from last week)
Market Overview
The week of October 8–14 saw 428 homes sold across the Edmonton area, a 15% decrease compared to the previous week. This dip in sales aligns with seasonal trends as activity typically slows heading into the late fall months.
At the same time, new listings dropped 24%, with 688 new properties coming to market. Fewer listings can lead to reduced competition among sellers, but it also means buyers have slightly fewer options to choose from.
Price trends reflected this quieter week as well. The average price of a home in the Edmonton area came in at $456,000, marking a 2% decrease from the previous week. The median price saw a slightly larger decline, down 4% to $423,000.
What This Means for Buyers and Sellers
For buyers, this market environment could present an opportunity to take advantage of less competition and more flexible negotiations. Sellers, on the other hand, may need to ensure their homes are priced competitively and presented well to attract serious buyers in a slower market.
While weekly numbers can fluctuate, Edmonton’s housing market remains stable overall, supported by steady demand and balanced inventory levels heading into the end of the year.
Whether you’re planning to buy, sell, or simply stay informed, understanding these trends can help you make confident real estate decisions.
Our MetroYEG team is here to help you navigate the Edmonton market — offering expert guidance, personalized strategies, and a deep understanding of current conditions.
Statistics sourced from the REALTORS® Association of Alberta.
