Edmonton Real Estate Market Report (Updated Monthly)

Last updated August 2026 with July 2026 data from the REALTORS® Association of Edmonton, the latest complete month. This report is updated monthly.

Sales Fell 11%. Inventory Is Up 18%. Prices Held.

Greater Edmonton recorded 2,535 residential sales in July 2026, down 7.6% from June and 11.0% below July 2025. Sellers brought 4,258 new listings to market, almost exactly last July's pace, and active inventory now sits 17.9% higher than a year ago. The REALTORS® Association of Edmonton called July a possible seasonal turning point and does not expect activity to return to spring volumes for the rest of 2026.

Translation: the spring rush is over, buyers have more choice than they had a year ago, and prices are steady rather than climbing.

The Price Story Is More Complicated Than It Looks

The average selling price across all residential types was $475,079 in July 2026, up 2.6% year over year. That sounds like steady growth. But the MLS® Home Price Index, which adjusts for the mix of what actually sold, came in at $429,100, unchanged from last July and down just 0.3% from June.

Why the gap? Averages move with the mix. When pricier detached homes make up a larger share of sales, the average climbs even if a typical home is worth the same. The HPI strips that distortion out. If you are pricing a home, the benchmark is the number that reflects reality, and right now it says the typical Edmonton home is worth about what it was worth a year ago.

Condos Cooled Fastest. Detached Held Its Value.

The slowdown reached every segment in July 2026, but not evenly.

Apartment condos are the story. The average condo price rose 2.3% year over year to $214,521, yet unit sales fell 21.3%, the steepest drop of any home type. Condos remain Edmonton's most affordable entry point, but demand at that end thinned fastest as buyers weighed higher carrying costs against ample supply.

Detached homes, the largest segment, averaged $585,726 in July 2026, up 1.2% year over year, with sales down 8.3%. Values are holding; volume is not.

Edmonton residential neighbourhood street

Three Things Driving This Market

1. Rates are holding, but fixed mortgages are drifting up. The Bank of Canada has kept its policy rate at 2.25% since October 2025 and held again on July 15, 2026, its sixth straight hold. The next decision is September 2, 2026. Fixed mortgage rates are a different story: they price off Government of Canada bond yields, and the 5-year benchmark yield reached 3.34% on August 10, 2026, which has nudged fixed rates up this summer. We break down that split in our look at bond yields and Edmonton fixed rates. Run your numbers at today's rates with our Edmonton mortgage calculator.

2. Inflation is capping rate-cut hopes. Canada's inflation rate rose to 3.0% in July 2026, the top of the Bank of Canada's control range, though the jump was almost entirely gasoline. Strip fuel out and inflation held at 2.2% for a third straight month. Markets widely read the report as consistent with another hold on September 2, so plan around a flat policy rate, not a falling one.

3. Supply keeps coming. Edmonton's zoning bylaw allows up to eight units on a standard residential lot, and builders keep adding new product that competes directly with resale listings. That is a big part of why inventory sat 17.9% above last July while the benchmark price stayed flat.

Where the Opportunities Are

City-wide averages hide what is happening street by street. Established inner-city neighbourhoods with character homes and river valley access still draw competition. Newer suburban areas, where builders are active and listings are deep, give buyers room to negotiate and to keep conditions in their offers.

The comparison above updates with live MLS data. Use it to see where homes are selling close to list and where there is a gap to negotiate into.

What Homes Actually Sold For

List prices tell you what sellers want. Sold prices tell you what buyers will pay. With inventory up nearly 18% year over year as of July 2026, the gap between the two is wider than it was in the spring. Browse the full Edmonton sold-price data to see exactly what comparable homes are closing for, or search current Edmonton listings to compare against them.

What This Means for You

For sellers: get a free home valuation grounded in current comparables, not spring asking prices. July 2026's sales-to-new-listings ratio was just under 60% (2,535 sales against 4,258 new listings), so well-priced homes still move, but every listing faces more competition than it did a year ago. Price to what recently sold, not to what the neighbours are asking.

For buyers: more inventory, a flat benchmark price, and the post-spring lull mean fewer bidding wars. Conditions are back on the table and you can take the time to compare. Prices are not falling broadly, though: the benchmark was unchanged year over year in July 2026, so waiting for a big discount is a bet, not a plan.

Monthly Report Archive

We publish a detailed breakdown when each month's board data lands. Recent editions:

• July 2026: sales fell 11% as inventory rose
• June 2026: sales rose 7.5% as the market tightened

Frequently Asked Questions

What is the average home price in Edmonton? The average residential price was $475,079 in July 2026, up 2.6% year over year. The MLS® Home Price Index benchmark, which adjusts for the mix of homes sold, was $429,100, unchanged from July 2025. The benchmark is the better gauge of what a typical home is worth.

Is Edmonton a buyer's or seller's market right now? Close to balanced, with leverage shifting toward buyers. As of July 2026, active inventory is up 17.9% year over year, the benchmark price is flat, and the sales-to-new-listings ratio sits just under 60%. Buyers have more choice and more time; well-priced homes still sell.

Are Edmonton condo prices going up or down? Prices are up; sales are down. The average apartment condo sold for $214,521 in July 2026, up 2.3% year over year, while condo sales fell 21.3%, the steepest volume drop of any home type.

What is the Bank of Canada interest rate right now? The policy rate is 2.25%, held steady since October 2025 and unchanged at the July 15, 2026 decision. The next announcement is September 2, 2026. With headline inflation at 3.0% in July 2026 on higher gasoline prices, markets expect another hold rather than a cut.

When is the best time to buy in Edmonton? Late winter through early spring gives you the best selection before the summer rush. Late fall gives you the best negotiating leverage, when listings that did not sell over the summer start to feel pressure. With inventory running well above 2025 levels through mid-2026, buyers have room either way.