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Edmonton · Market Report · updated monthly

Edmonton Market Report July 2026

City of Edmonton · Trevor Tardif, REALTOR® · REAL Broker AB Ltd

Edmonton's housing market has cooled from the frenzy of the last few years into a buyer's market, and it is still easing. There were 6,145 homes for sale at the end of July, up from 5,201 a year ago, so buyers have more choice and more time than they have had in a while. Over the past year the typical home sold for about +0.6% more on the City's rolling-median price, though a richer mix of what is selling accounts for part of that. Hold the home constant, on the MLS® Home Price Index, and prices are -0.9%. That reads better than -3.5% last month, but the improvement is July 2025 dropping out of the comparison rather than prices turning; the next section takes that apart. Detached is holding up best at 32% absorption, apartment condos the softest at 21%. All of this while the Bank of Canada has cut its rate to 2.25%, so supply and affordability are outweighing cheaper money.

Market balance

Buyer's

29% absorption · 3-mo avg

Months of inventory

3.5

3-mo average

Same-home price (HPI)

-0.9%

City of Edmonton · past year

Typical days to sell

40

3-mo avg · rising

The numbers at a glance

Everything in one place first — the story behind these numbers follows below.

Activity — July 2026 against one, three and five years ago, same calendar month (Source: REALTORS® Association of Edmonton)
MeasureJuly 2026Vs a year agoJuly 20233 yrs agoJuly 20215 yrs ago
Sales 1,684 −12.8% 1,586 1,493
New listings 3,055 −1.2% 2,385 2,462
Active listings 6,145 +18.2% 5,082 6,209
Months of inventory 3.6 was 2.7 3.2 4.2
Sales-to-new-listings 55% was 62% 66% 61%
Median sale price $417,750 +0.7% $365,000+14% since $360,000+16% since
Average sale price $444,629 +2.9% $383,841+16% since $391,782+13% since
Days to sell 42 was 34 46 39
Sale-to-list (% of asking) 98.0% was 98.0% 97.0% 98.0%

The July 2023 and July 2021 columns show that month's actual figures, so you can compare levels — where the market genuinely was, same month, three and five years back. The price rows add the cumulative change since. Days to sell counts the current listing's run; counting relistings too, it's 60 days on a 3-month basis. Balance measures (months of inventory, sales-to-new-listings) are the single month; the narrative below uses 3-month averages, so the two can differ slightly.

What sold, by home type — median of July 2026's sales (Source: REALTORS® Association of Edmonton)
TypeMedian priceVs a year agoSales
Detached $515,000 −0.5% 913
Semi-detached $419,900 −1.7% 187
Row/Townhouse $289,000 +3.2% 261
Apartment condo $191,000 +2.7% 323
MLS® Home Price Index (HPI) — City of Edmonton benchmarks, a typical home held constant (a true same-home comparison). Source: REALTORS® Association of Edmonton.
Home typeBenchmark1-year3-year5-year
All homes (composite) $410,000 −0.9% +11.3% +9.7%
Single family $525,700 −0.1% +17.3% +17.7%
Townhouse $271,200 −2.7% +20.2% +23.6%
Apartment $192,800 −2.7% +15.3% +10.9%

Median and average move with the mix of what sold; the HPI benchmark holds the home constant — that's why they can disagree. The greater-Edmonton (board) benchmark ladder lives on the Greater Edmonton market page (Source: CREA).

New to market reports? Start here (30 seconds)

A housing market comes down to supply vs demand — this whole report is really about which side has the upper hand right now, and where that's heading. The four numbers up top are the quick version: market balance (who's winning), months of inventory (how fast homes are selling), same-home price (whether prices themselves actually moved), and days to sell (how long it takes).

Two habits keep the numbers honest. We compare each figure to the same month a year ago — not to last month — so the seasons don't fool us (spring is always busier than winter). And we average over a few months so one noisy month can't fake a trend.

You don't need any background to follow along: every term is explained in plain English the first time it comes up, and there's a full glossary at the bottom.

What changed since last month

The balance verdict moved from balanced to buyer's: 3-month absorption came in at 28.8%, under the 30% line. Absorption has sat within three points of that line in 9 of the last 12 months, and the label has changed three times over the same stretch. Underneath, months of inventory rose from 3.3 to 3.5, absorption fell from 30.5% to 28.8%, and days on market rose from 38 to 40. Net, the market softened.

Careful with these numbers: the comparison base moved

Two of this month's headline year-over-year figures improved, and the movement is mostly arithmetic. July 2025 was an unusual month, and it has just rolled into the year-ago comparison.

Active inventory, year over year, is now up 18.2%, from 21.6% last month. About 66% of that move came from the base rather than the market. July 2025 rose 6.1% in a single month, and that month has now dropped into the year-ago comparison. A July normally moves down about 0.4% (5 prior Julys, 2019-2023). This July it rose 3.1%. Measured against a normal July, it would read up about 25.9%.

The same-home price index, year over year, is now down 0.9%, from 3.5% last month. About 88% of that move came from the base rather than the market. July 2025 fell 3.0% in a single month, and that month has now dropped into the year-ago comparison. A July normally barely moves (8 prior Julys, 2015-2023). This July it fell 0.4%. Measured against a normal July, it would read down about 3.9%.

Year-over-year figures answer "versus twelve months ago", so a strange month a year back changes the answer without anything changing today. Month-on-month moves, measured against what that calendar month normally does, are the check.

The dials, side by side (June 2026 → July 2026)
SignalJune 2026July 2026
Balance verdictBalancedBuyer's
Absorption (3-mo)31%29%
Sale-to-list (3-mo)98.0%98.0%
New listings (3-mo, /mo)30563139
Active inventory, YoY+22%+18%
Same-home price, YoY (HPI)-3.5%-0.9%

Where we are in the cycle

In plain terms: Sales, time on market, inventory and balance have all cooled, in that order, and now prices have followed. Prices have sat below year-ago levels for seven straight months. The Greater Edmonton benchmark is 2.1% under its June 2025 peak.

Where Edmonton sits in the cycle Every cool-down signal has flipped, in order; prices have been below year-ago levels for 7 months. Sales slow Days-on-market rise Inventory builds Balance loosens Price growth slows Prices ease YOU ARE HERE Read as a sequence — late in a cool-down, 2.1% off the benchmark peak. Each step is a 3-month trend vs the same season last year.
The market cycle — where Edmonton sits A property "clock": markets rotate from peak to bottom and back — but they can stall, or slip further, before turning. Peak Buyer's Bottom Seller's coolingprices fallingrecoveringheating up Edmonton today: prices have just begun to ease — early in the decline.
Where it goes from here. The Greater Edmonton benchmark is $423,900, down 2.1% from a year ago. June 2025 was also this cycle's high, at $433,000. June against June, so the season is not in that number. It has risen 3.8% off the December 2025 low, but the benchmark climbs every spring, so most of that is the calendar. Edmonton has not had a deep buyer's market this cycle, so a further leg down stays on the table. It firms if sales stabilize, if new listings fall by more than the 6% an August usually takes off them, and if sellers keep getting about 98% of ask. It deepens if listings hold up through August while sales slide, or if sale-to-list slips toward 96%. Condos carry the most risk either way, detached the least. This read is rebuilt from the data every month rather than assuming the cycle keeps turning.

Confidence. Where the market sits is on solid ground: 6 of 6 cool-down signals have fired, and that is a matter of record. Where it goes next is not. The call between a bottom and a further decline is open, which is why the paragraph above gives tells to watch instead of a forecast.

What we're watching going into next month

New listings · supply 3139/mo still building → leans softer
Sale-to-list ratio 98.0% holding ≈98% → firm
Active inventory · YoY +18% still well up → softer

Market balance — the City & the wider region

In plain terms: On a 3-month basis the City of Edmonton is a buyer's market at 28.8% absorption, 1.2 points under the 30% line. The Greater Edmonton Area is tighter at 33.1% and still balanced; the toggle below switches between them. Sitting this close to the line is why the chart grades the market against three yardsticks rather than picking one.

What these balance signals mean (plain English)

Absorption is the master gauge. It's the share of the homes for sale that actually sell in a month (sales ÷ listings) — the single clearest read on who's in charge. Under ~30% is a buyer's market, ~30–50% is balanced, over ~50% is a seller's market. The lower it runs, the more leverage buyers have.

Months of inventory (MOI) is the same idea flipped around: how many months it'd take to sell every listing at today's pace. Low = fast = seller's; high = slow = buyer's. Absorption and MOI are mirror images, so they always tell the same story — we show both because different people find one or the other more intuitive.

Sales-to-new-listings (SNLR) is an early-warning gauge: of the fresh listings that came up this month, the share that sold. When it falls, new supply is arriving faster than buyers can soak it up — which is exactly what tips a market toward buyers.

New listings & active inventory are the plumbing behind all of it. New listings are the faucet (homes newly put up for sale); active inventory is the pool (everything currently for sale). When the faucet runs faster than sales drain the pool, inventory builds, balance tips to buyers, and prices ease — which is today's story.

City of Edmonton: a buyer's market, 29% absorption, 3.5 months of inventory, SNLR 55% (all 3-month averages).

Where this sits in each authority's bands Buyer's Balanced Seller's Solid marker = 3-month average (the headline). Hollow tick = latest single month. SNLR 55% sales ÷ new listings CREA BoC 55% MOI 3.5 months of inventory CREA Consumer 3.5 Absorption 29% sales ÷ active CREA Consumer 29%
Buyer's 0-30% Balanced 30-50% Seller's 50-100% Total Residential 29% Detached 32% Semi-detached 31% Row/Townhouse 29% Apartment 21%
Full balance read by type — City of Edmonton
TypeSNLRMOIAbsorp.Consumer gaugeTypical price YoY
Total Residential 55% 3.5 29% Buyer's +0.6%
Detached 55% 3.2 32% Balanced -1.1%
Semi-detached 54% 3.3 31% Balanced -1.3%
Row/Townhouse 51% 3.5 29% Buyer's +0.8%
Apartment Condominium 49% 4.8 21% Buyer's -0.3%

SNLR (sales ÷ new listings), MOI (months of inventory) and absorption are 3-month averages; the verdict uses the Edmonton consumer gauge. Typical price YoY is the rolling-12-month median for the area shown (mix-aware, but not a same-home measure). The true same-home index — the MLS® Home Price Index — isn't broken out to these sub-areas (RAE publishes it for the City of Edmonton and for Greater Edmonton, but not area by area), so it appears once in the price section.

Greater Edmonton Area: balanced, 33% absorption, 3.0 months of inventory, SNLR 59% (all 3-month averages).

Where this sits in each authority's bands Buyer's Balanced Seller's Solid marker = 3-month average (the headline). Hollow tick = latest single month. SNLR 59% sales ÷ new listings CREA BoC 59% MOI 3.0 months of inventory CREA Consumer 3.0 Absorption 33% sales ÷ active CREA Consumer 33%
Buyer's 0-30% Balanced 30-50% Seller's 50-100% Total Residential 33% Detached 36% Semi-detached 37% Row/Townhouse 31% Apartment 22%
Full balance read by type — Greater Edmonton Area
TypeSNLRMOIAbsorp.Consumer gaugeTypical price YoY
Total Residential 59% 3.0 33% Balanced +2.6%
Detached 60% 2.8 36% Balanced +0.1%
Semi-detached 61% 2.7 37% Balanced +0.0%
Row/Townhouse 54% 3.2 31% Balanced -2.5%
Apartment Condominium 52% 4.5 22% Buyer's +1.4%

SNLR (sales ÷ new listings), MOI (months of inventory) and absorption are 3-month averages; the verdict uses the Edmonton consumer gauge. Typical price YoY is the rolling-12-month median for the area shown (mix-aware, but not a same-home measure). The true same-home index — the MLS® Home Price Index — isn't broken out to these sub-areas (RAE publishes it for the City of Edmonton and for Greater Edmonton, but not area by area), so it appears once in the price section.

If you're buying

You have the most leverage in years: more listings, less competition, and room to negotiate. Apartment condos are the softest segment at 21% absorption, townhouses next at 29%.

If you're selling

Well-priced homes still sell and sellers are getting about 98% of ask, but naming a price and waiting no longer works. Detached holds the strongest position at 32% absorption. Price to the market, not to last year.

If you're investing

Softer condo prices and easing rates are improving the entry math, though apartments are the weakest segment for a reason. Lean on the rent and vacancy figures in the economy section before counting on appreciation.

Prices — what actually changed

In plain terms: Three ways to read price. The typical sale is up +0.6% over the past year on the rolling median and the raw average is up +2.9%, both lifted by a richer mix of what is selling. Hold the home constant, on the City's MLS® HPI, and prices are -0.9%.

The chart below is the proof of that story. Every measure starts at 100 three years ago, so what you're seeing is pure growth paths: the average and the median climb (bigger, newer homes making up more of what sells), while the same-home line stalls and rolls over. When the dashed line pulls away from the teal line, that gap IS the mix effect.

Three growth paths — every measure starts at 100 in Jun 2023 90 97 105 112 119 Raw average Rolling median Same-home (HPI)

All three measures are City of Edmonton, including the same-home index, which uses RAE's City-limits MLS® HPI series. (Greater Edmonton's own HPI appears in the GEA toggle and the valuation section.) The City series has some skipped months in its history from how it was captured; every value it does contain has been cross-checked to the dollar against the member tool, and all the months these figures use are present. The Greater Edmonton benchmark is $423,900, down 2.1% from a year ago. June 2025 was also this cycle's high, at $433,000. June against June, so the season is not in that number. The gap between the raw average and the same-home index is the "mix" tell: when pricier homes make up more of what sells, the average rises even if individual homes aren't appreciating.

Same-home price levels by home type — with 1-, 3- and 5-year changes — are in the numbers at a glance above. Board benchmarks back to 2005 live on the Greater Edmonton market page (Source: CREA).

How fast homes sell & how hard people negotiate

In plain terms: Homes are taking longer to sell, about 40 days on a 3-month basis and up from a year ago, and sellers are accepting roughly 98% of asking. Both point to a cooler, more negotiable market, and new listings keep arriving.

What "days on market" & "sale-to-list" mean

Days on market (DOM) — how long a typical home sat before it sold. Rising DOM means a cooling market (buyers can take their time); falling means it's heating up. We show two versions: the current listing's run, and a cumulative one that counts relistings (closer to the true time-to-sell).

Sale-to-list ratio — what sellers actually got versus their asking price (~98% means homes sell about 2% under ask). It measures negotiating room, not supply: near 100% the seller holds the cards; drifting toward 95% means buyers are winning concessions. Easy to mix up with SNLR above — that one is about counts of homes, this one is about price.

Time to sell: ~40 days (3-month average; 60 counting relistings, i.e. cumulative), and rising.   Negotiation room: ~98% of asking (3-month average; -2.0% vs list in July).   New supply: 3,055 new listings in July alone (~3,139/mo on a 3-month basis), near the top of the range for any July in five years.

Which homes are hot, which are soft

In plain terms: The cool-down runs deeper in some types than others. Detached is the firmest at 32% absorption, with same-home prices flat over the year. Both apartment condos at 21% and townhouses at 29% sit in buyer's territory.

How quickly each price range is clearing: sales over the last three months (May–Jul 2026) against the homes currently for sale. Absorption /mo is the monthly clearing rate. Under ~30% leans buyer's, over ~50% leans seller's (Edmonton consumer gauge). Each home type below opens its own band table.

Detached — by price range
Price rangeSold (3 mo)For sale (avg)Absorption /moMarket
Under $200K 17 17 33% Balanced
$200K–$300K 69 69 33% Balanced
$300K–$400K 339 232 49% Balanced
$400K–$500K 829 689 40% Balanced
$500K–$650K 929 1,038 30% Balanced
$650K–$800K 357 483 25% Buyer's
$800K–$1M 165 209 26% Buyer's
$1M+ 143 257 19% Buyer's
Townhouses & row — by price range
Price rangeSold (3 mo)For sale (avg)Absorption /moMarket
Under $200K 124 104 40% Balanced
$200K–$300K 285 313 30% Balanced
$300K–$400K 278 369 25% Buyer's
$400K–$500K 76 96 26% Buyer's
$500K–$650K 12 18 23% Buyer's
Apartment condos — by price range
Price rangeSold (3 mo)For sale (avg)Absorption /moMarket
Under $200K 541 751 24% Buyer's
$200K–$300K 313 553 19% Buyer's
$300K–$400K 70 127 18% Buyer's
$400K–$500K 29 47 20% Buyer's

These are a heat map rather than a verdict. "For sale" includes stale and over-priced listings that may end up selling a band lower, or not at all, so a soft band often reflects pricing more than weak demand. Three-month totals smooth the noise that makes single-month band counts jumpy; bands with fewer than 10 sales in three months are hidden.

It is not one market — every district, ranked

North CentralNorth CentralCentralCentralNortheastNortheastNorthwestNorthwestHorse HillHorse HillJasper PlaceJasper PlaceWest EdmontonWest EdmontonWest HendayWest HendaySconaSconaWhitemudWhitemudSouthwestSouthwestSoutheastSoutheastMill Woods and MeadowsMill Woods and MeadowsEllerslieEllerslie
Edmonton's 14 active market districts, shaded across the 272 neighbourhoods that make them up. Say Riverbend and you mean Whitemud; Windermere and Keswick are Southwest. Rabbit Hill is not shown — no sales in the last twelve months.

In plain terms: the city clears about 27.9% of its listings a month, but that runs from 44.1% in Southeast down to 14.7% in Horse Hill — roughly 3.0× apart. Where the extra listings piled up matters more than the city average: Horse Hill, West Henday, Ellerslie carry the biggest year-over-year jumps in homes for sale, while established districts barely moved.

District market balance — trailing 12 months to 2026-07. Aggregate medians and counts only. (Source: REALTORS® Association of Edmonton (MLS® data); analysis by Trevor Tardif)
DistrictAbsorptionper monthMonths of supplyDays to sellTypical priceHomes for salevs a year agoBalance
Southeast 44.1% 2.3 21 $480,000 +29% balanced
West Edmonton 40.8% 2.5 23 $397,000 +22% balanced
Whitemud 37.3% 2.7 22 $451,250 +22% balanced
Jasper Place 36.5% 2.7 21 $415,000 +16% balanced
Northwest 36.2% 2.8 27 $390,000 +38% balanced
Northeast 34.2% 2.9 26 $380,000 +23% balanced
North Central 31.3% 3.2 25 $313,000 +7% balanced
Scona 27.8% 3.6 27 $445,000 +3% buyer's
Mill Woods and Meadows 27.0% 3.7 28 $405,000 +31% buyer's
West Henday 24.2% 4.1 36 $496,750 +59% buyer's
Ellerslie 23.3% 4.3 34 $457,047 +54% buyer's
Southwest 23.3% 4.3 34 $464,200 +36% buyer's
Central 17.7% 5.7 37 $234,000 +5% buyer's
Horse Hill 14.7% 6.8 58 $460,707 +115% buyer's

Absorption is sales divided by homes for sale each month — under 30% reads a buyer's market, over 50% a seller's. Typical price is a rolling 12-month median: a guide to what is selling, not a same-home comparison, because it moves when the mix of homes sold changes. The MLS® Home Price Index above is the constant-quality measure, and it is published only for the city and the board — never per district.

Each district links to its own market report. From there you can go down again to any Edmonton neighbourhood, or start at the Neighbourhood Market Report.

The economic backdrop

In plain terms: Rates have fallen, jobs are growing, and the city is still adding people quickly, though more slowly than a year ago. All of that normally heats a market. It is cooling anyway, because new listings, construction and affordability are pushing harder the other way.

BoC rate · 2026-08-06 2.25% prime 4.45% · 5-yr bond 3.22%
Unemployment · July 2026 6.9% down 1.0 pts YoY · +4.0% jobs
Population · to July 2025 +3.1% down from +5.2% the prior year
Housing starts · 2025 21,337 +16% · 48% apartments

Best advertised 5-year rates · August 3, 2026

BuyerFixedVariable
Insured · less than 20% down 4.04% 3.40%
Conventional · 20%+ down 4.39% 3.75%
Rental / investment 4.54% 3.95%

There is no single best rate: put 20% down and the fixed rate goes up, not down, because the loan is no longer insured. Buying the same home as a rental costs more again. Lowest nationally-advertised insured, conventional and rental 5-year mortgage rates, per Ratehub.ca (https://www.ratehub.ca/best-mortgage-rates), as of August 3, 2026. Advertised rates, not quotes — yours depends on the lender, the term and your file.

Mind the lag. Jobs are current (July 2026), but population (to July 2025) and starts (2025) are annual figures that run 6–12 months behind, and both already show the turn. Population growth has slowed from +5.2% to +3.1% and is likely still slowing as federal immigration targets tighten. Builders delivered 21,337 starts (+16%), nearly half of them apartments, which is where prices are softest. Rates falling from 2.5% to 2.25% in October 2025 would normally heat things up; cooling demand meeting that wave of supply is what outweighs it.

Why rates matter so much here
  • Mortgage rates are the dominant short-run demand driver: ~1pp higher rate -> ~6% fewer sales over time (lagged; US-national estimate, directional only).
  • Renewal cliff (Canada-specific): ~12% of mortgages renew over the next 12 months at ~+15% payments (BoC FSR) - a lagged rate->household-stress channel the US largely lacks.

The full backdrop — jobs, population, rents & vacancy, rates, housing supply — lives in the Edmonton economy section, updated on its own schedule.

Is the market over- or under-valued?

In plain terms: CMHC stopped grading Canadian markets for over- and under-valuation when it discontinued the Housing Market Assessment in 2022, so this is our own four-gauge replacement, computed metro-wide (Greater Edmonton), since income and rent are only published at that level. The read: fairly valued, with affordability and cash-flow on Edmonton's side. Edmonton homes sit moderately priced against incomes, cost 23–27% of a median family’s income to carry (established buyer to first-timer), and condos throw off an 8.9% gross rental yield, with same-home prices cooling rather than bubbling.

Price vs family income 3.7× all homes, moderately unaffordable · detached alone 4.5×
Cost to own · 20% down 23% comfortable · established buyer · 4.39% uninsured
Cost to own · 5% down 27% manageable · first-timer · 4.04% insured + CMHC
Condo rental yield · gross 8.9% strong cash flow · 11× price-to-rent
Price momentum · growth rate cooling Greater Edmonton, YoY growth +3.2% → -2.1% · not bubbling

How to read it: the price-to-income multiple (3.7× for a typical home, 4.5× for detached, against median family income) looks middling, much like the rest of Canada since 2021. Because 5-year mortgage rates have fallen to ~4.04%, the monthly cost to own runs 23% of gross family income for an established buyer (20% down) and 27% for a first-timer (5% down, with CMHC insurance), against 50%+ in Vancouver or Toronto. For investors, soft condo prices (~$202,000) against ~$1,502/mo rent make an 8.9% gross yield, strong by Canadian standards. The speed check shows no bubble: same-home growth has slowed 5.3 points in six months.

How each gauge is built — sources, math & caveats
  • Geography — the whole panel is computed metro-wide (Greater Edmonton ≈ Edmonton CMA), because the income and rent inputs only exist at that level. Prices therefore use the Greater-Edmonton MLS® HPI benchmark, not city-limits. (The City vs GEA toggle lives in the balance section, where we have both.)
  • Price-to-income — MLS® HPI benchmark ÷ Edmonton CMA median family income (StatCan T1FF, 2023: $114,130.0); Demographia bands (≤3 affordable … >5 severely unaffordable). We use census-family income (a couple, or a lone parent with children) because it’s the freshest reliable annual figure and reflects the people buying a family home. A household basis (which also counts lower-earning people living alone) runs lower, which would nudge the multiple up, so read this as the family-buyer view. Income is 2023 (latest actual), so today’s ratio is a touch better than shown.
  • Cost to own — two buyer bundles, same benchmark home: a first-timer at 5% down pays the insured 5-yr rate (~4.04%) on a loan that includes the ~4% CMHC premium; an established buyer at 20% down pays a conventional/uninsured rate (~4.39%, no premium). Both use 25-yr amortization and Canadian semi-annual compounding, plus Edmonton property tax (~1.01%/yr of assessed value, the 2026 combined municipal + provincial-education rate). Utilities & condo fees excluded. The one gauge that moves with rates.
  • Gross rental yield — annual rent ÷ price, using the CMHC condo rent ($1,502/mo, Fall 2025) against the apartment-condo benchmark. Gross — condo fees, vacancy, taxes and management lower the net materially; read it as a relative-value signal, not a pro forma.
  • Price momentum — is same-home (HPI) growth speeding up or slowing? Decelerating is the opposite of a bubble forming.

The last official call. CMHC’s Housing Market Assessment last rated Edmonton in September 2021 at a moderate degree of vulnerability: modest overvaluation and excess inventory, no overheating. Five years on, prices are well off-peak and supply has caught up, so that risk has eased. The panel above is our standing replacement. (Historical: CMHC HMA, Sept 2021. Income: StatCan T1FF. Rent: CMHC RMS/SRMS. Rates: Bank of Canada.)

How to read this report

The terms, in plain English
  • Absorption — the share of the homes for sale that actually sell in a month (sales ÷ active listings). Higher means a tighter, seller-leaning market: under ~30% = buyer's, ~30–50% = balanced, over ~50% = seller's (Edmonton consumer gauge).
  • Months of inventory (MOI) — at the current sales pace, how many months to sell every active listing. The flip side of absorption (low MOI = fast = seller's). CREA treats ~5 months as balanced.
  • New listings & active inventory — new listings are the homes newly put up for sale each month (the faucet); active inventory is the total pool for sale at a given moment (everything on the shelf). When new listings outrun sales, the pool grows and the market tilts toward buyers.
  • SNLR (sales-to-new-listings ratio) — of the listings that came on this month, the share that sold: a demand-vs-new-supply gauge (CREA balanced ~45–65%). Not the same as…
  • Sale-to-list ratio — what sellers actually got versus their asking price (~98% means homes sell about 2% under ask). A negotiation gauge, not a supply gauge.
  • Three ways to read price. Raw average — the simple average sale price; jumpy, and pulled up when pricier homes sell. Rolling median — the typical (middle) sale, smoothed over 12 months; mix-aware but still not same-home. MLS® Home Price Index (HPI) — holds the home constant for a true same-home comparison; the cleanest read of whether prices themselves moved. Published for both the City of Edmonton and Greater Edmonton — this report uses the City series in the price section and the Greater-Edmonton series for the GEA view and valuation.
  • Reference bands — balance is graded against three yardsticks at once (CREA, the Bank of Canada, and an Edmonton consumer gauge) rather than one, because Edmonton sits right near the balanced/soft line.
  • Year-over-year & rolling — we compare each number to the same month a year ago (not last month) to strip out the season, and smooth over several months so a single noisy month doesn't masquerade as a trend.

The Edmonton market — FAQ

Is Edmonton a buyer’s or seller’s market right now?

As of July 2026, the City of Edmonton grades as buyer's on the Edmonton consumer gauge — 29% of homes for sale are selling per month (3-month average), with 3.5 months of inventory and sellers getting about 98% of asking. The direction matters as much as the level: inventory is up 18% year-over-year, so conditions keep easing toward buyers (Source: REALTORS® Association of Edmonton).

What is the median home price in Edmonton?

Over the 12 months to July 2026, the typical (rolling-median) sale in the City of Edmonton was $414,000 — +0.6% versus the year before. Hold the home constant instead (the MLS® Home Price Index, a true same-home comparison) and prices are −0.9% — the gap is the changing mix of what sells (Source: REALTORS® Association of Edmonton).

Are Edmonton home prices going up or down?

On a same-home basis (the MLS® Home Price Index, City of Edmonton series), prices are −0.9% year-over-year as of July 2026. The mix-aware measures read higher (rolling median +0.6%) because pricier homes make up more of what is selling. By type, detached is holding up best while apartment condos are the softest (Source: REALTORS® Association of Edmonton).

Is the Edmonton housing market overvalued?

Our four-gauge fundamentals read grades Greater Edmonton as fairly valued, with affordability and cash-flow on edmonton's side — price-to-income, the monthly cost to own, rental yield and price momentum, computed from StatCan, CMHC and Bank of Canada inputs. CMHC discontinued its own Housing Market Assessment in 2022, so this panel is the standing replacement (full method on this page).

Sources & licence

Edmonton Market Report — July 2026. City of Edmonton resale data, Realtors Association of Edmonton (MLS®); same-home prices from the MLS® Home Price Index — City of Edmonton series: REALTORS® Association of Edmonton; Greater Edmonton (board) series: CREA; economic indicators from Statistics Canada, CMHC, and the Bank of Canada (see economy section for full attribution). Balance reference bands: CREA, Bank of Canada, and an Edmonton consumer gauge. "Recent-cycle" context spans ~2022–2026 (one mostly-hot regime), not a long-run norm; the MLS® HPI runs one month behind (Jun 2026). No seasonal adjustment is applied anywhere in this report. Analysis by Trevor Tardif. Forward-looking statements are conditional and not a guarantee.

Market figures reflect what sold, not what any specific home is worth. The MLS® Home Price Index benchmark is a typical home held constant over time — it is not the price a specific home would sell for, not a sale price, and not an appraisal. Trevor Tardif is a licensed REALTOR® with REAL Broker AB Ltd, Edmonton, Alberta. Content on this site does not constitute financial or investment advice.

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