Edmonton seeing big jump in real estate listings, Realtors association reports

CBC

2 days ago

Edmonton's housing market saw a 20 per cent increase in new listings compared to this same time last year, but that growing number hasn't resulted in higher sales.
According to data released by the Realtors Association of Edmonton (RAE), the greater Edmonton region saw 4,387 new listings in July 2025, an increase of 7.8 per cent from the previous month.
At the end of July, a total of 7,083 houses were available on the market, an increase of 21.8 per cent from the year before.
Despite a growing inventory, market sales are decreasing. In total, 2,860 houses were sold in July, a decrease of 2.6 per cent from last year and a 0.5 per cent decrease from June 2025.
Darlene Reid, the board chair of the RAE, said that inventory levels remain strong, "to the point where motivated sellers might be willing to lower their price to close the deal, and buyer's options remain plentiful."
Experts said that although the housing market includes more choice for buyers, this does not reflect a shift from a sellers to a buyers market.
Different market for different properties
For Edmonton real estate agent Michelle Patterson Nipp, whether the housing market is more favourable to buyers or sellers largely depends on what market you're looking at. When buyers are in the market for a property, they want to have choice, selection, and time.
"In some areas of the city, I think it's a seller's market where, especially if it's priced well, the properties don't stay on the market for too long."
Patterson Nipp said how long listings stay on the market largely depends on what kind of property they are, and where in the city they are located.
Condos, for example, spent 46 days on the market on average in July, compared to 31 days for detached homes. As well, the Edmonton region saw 471 condo sales in July, while detached homes saw 1,690. Patterson Nipp said with so many condos on the market, inventory is building up past existing demand.
However, despite buyers having more time and options, Edmonton's overall housing market is still a seller's market, owing to how many properties are currently in inventory. If there are more than six months worth of property, the market is considered to be favourable to buyers. Patterson Nipp said that Edmonton currently has about 2.7 months of inventory.
More options for buyers
After spending six years in Langford — a small city outside Victoria B.C., — Greg Henkelman moved back to Edmonton in early June and immediately started house hunting.
Henkelman was looking for a house in northwest Edmonton, costing between $400,000 and $500,000.
Two days later, his realtor had a long list of potential showings. By June 29, Henkelman had possession of a single family detached home. According to the RAE, the average price of similar homes has increased 0.7 per cent month-over-month, while average prices for other property types decreased.
This experience was different from the last time Henkelman purchased a house in Edmonton several years ago, when the housing market was much more competitive and volatile. Henkelman purchased his first house in the south of Edmonton.
"I think the first time we decided to move from Mill Creek to Malmo, I remember having a pager," he said. "A Realtor would basically page us and say you need to put an offer in on this house, sight unseen. Houses sold within hours of listing sometimes."
Henkleman said that experience caused him to worry that buying a house now would be similar. However, with so many houses on the market, he felt he had a lot more options.
Reid said that although sales have decreased, the RAE will be "watching to see if sales tick back up" in the fall.
Patterson-Nipp said that this is a common pattern, especially in Edmonton. She added that data should be used as a broad picture of the market overall, as real estate is "very local."