Edmonton Real Estate Listings Surge 20% Amid Sluggish Sales

UPDATE: Edmonton’s housing market is experiencing an unprecedented surge in real estate listings, with a staggering 20% increase compared to last year. This surge, reported by the Realtors Association of Edmonton (RAE), comes amidst a troubling trend: sales are declining despite the growing inventory.

In July 2025, the greater Edmonton region recorded 4,387 new listings, reflecting a 7.8% rise from June. As of the end of July, 7,083 properties were available on the market, up 21.8% year-over-year. Yet, sales have taken a downturn, with only 2,860 houses sold in July—a 2.6% decrease from last year and a slight 0.5% drop from the previous month.

Darlene Reid, board chair of the RAE, emphasized that the current inventory levels are so substantial that “motivated sellers might be willing to lower their price to close the deal, and buyers’ options remain plentiful.” This shift provides a rare opportunity for buyers, although experts caution that it does not necessarily indicate a complete transition to a buyer’s market.

The dynamics of the Edmonton housing market vary significantly. Michelle Patterson Nipp, a local real estate agent, noted that depending on the neighborhood and property type, the market can still favor sellers. “In some areas of the city, especially where properties are priced well, homes do not stay on the market for long,” she stated.

Interestingly, the average time for condos on the market in July was 46 days, significantly longer than the 31 days for detached homes. In July, the Edmonton region saw 471 condo sales compared to 1,690 detached homes sold. Patterson Nipp remarked that the oversupply of condos is causing inventory to build beyond existing demand, yet the overall market remains largely favorable to sellers.

For many buyers, like Greg Henkelman, the current market offers a refreshing contrast to previous experiences. After moving back to Edmonton in early June, Henkelman found a wide array of options within his budget of $400,000 to $500,000. Just two days into his search, he was able to secure a single-family home.

According to the RAE, the average price for similar homes has risen by 0.7% month-over-month, although prices for some property types are experiencing declines. Henkelman recalled the frantic pace of the market during his last purchase, where homes often sold within hours. “I remember having a pager,” he said. “A Realtor would page us and say you need to put an offer in on this house, sight unseen.”

Despite the current challenges, the RAE is keeping a close eye on the market dynamics. Reid indicated that they will “watch to see if sales tick back up” in the fall. Patterson Nipp confirmed that this trend of fluctuating sales is not unusual for Edmonton. She added that real estate data should be viewed with caution, as it can vary significantly even within local markets.

The question remains: will Edmonton’s housing market stabilize or continue to evolve? As inventory levels remain high, potential buyers are encouraged to explore their options, while sellers are urged to strategically price their properties to attract interest. The coming months could be pivotal for the Edmonton real estate landscape.