Edmonton Real Estate Market Update for May 2025

The Edmonton real estate market continues its dynamic performance, presenting both opportunities and challenges for buyers and sellers. In this May 2025 market update, we’ll break down the numbers to uncover key trends, including sales figures, pricing shifts, and inventory levels. Whether you’re a buyer, seller, or simply an observer of market activity, this analysis will help you better understand the local market.

Total Residential Unit Sales

May 2025 saw 2,967 residential unit sales across the Greater Edmonton Area (GEA). This marks a 9.7% increase compared to April 2025, indicating growing activity as the summer selling season heats up. However, when compared to the same time last year, sales dipped by 7.9%, showing the market hasn’t yet reached the elevated levels seen in 2024.

This month-over-month rise reflects increasing confidence among buyers, bolstered by a growing inventory and an active spring market that sets the pace for the year.

New Residential Listings

New listings surged in May, with 4,917 homes hitting the market. This represents a 27.8% increase from April 2025 and a 16.1% increase year-over-year. These numbers indicate a return of sellers to the marketplace, capitalizing on seasonal demand and potentially anticipating a shift in pricing trends later in the year.

For buyers, this influx of listings creates greater options and reduces the intensity of bidding wars seen in tighter markets.

Inventory Analysis

The overall inventory rose significantly, reflecting an increasingly balanced market. Inventory levels increased by 19.9% month-over-month and 13.2% year-over-year.

This growing inventory could signal the start of a shift in the Edmonton real estate market, with more supply bringing a gradual cooling of price growth. For buyers, the increasing inventory means better opportunities to negotiate, while sellers may need to adjust pricing expectations as competition intensifies.

Detached Home Sales

The detached home market remains a major segment of the Edmonton real estate scene. May saw 1,730 detached unit sales, a 9.8% increase compared to April 2025 but an 8.9% decrease from May 2024.

Detached homes continue to drive activity, appealing to families seeking more space and privacy. However, the decline in year-over-year performance may be a sign of price sensitivity in higher price brackets as inventory grows.

Row and Townhouse Sales

Row and townhouse sales saw notable growth in May 2025. Sales increased by 23.9% month-over-month and by 11.3% year-over-year.

This segment’s strong performance can be attributed to its balance of affordability and functionality, making it a popular choice for young families and first-time buyers. With average prices slightly lower than detached homes, row and townhouses remain accessible even as affordability challenges persist in other market segments.

Average Residential Prices

Average prices in May 2025 provided an interesting snapshot of current market trends:

• Total Residential: The average price was $464,277, a 1.4% decrease month-over-month but a 5.2% increase year-over-year.
• Detached Homes: Averaged $579,704, seeing a 1.0% decrease from April 2025 but a 6.2% increase year-over-year.
• Row and Townhouses: Averaged $306,796, down 2.7% month-over-month and up 4.3% year-over-year.
• Apartment Condominiums: Averaged $213,792, reflecting a 2.1% monthly decline but a 3.4% year-over-year increase.

The year-over-year price growth reflects sustained demand, but the month-over-month declines across most categories suggest that the rising inventory is beginning to impact pricing dynamics.

MLS Home Price Index

The MLS® Home Price Index (HPI) further highlights the overall price shifts. The composite benchmark price in the GEA was $439,100, marking a 0.3% increase from April 2025 and a 9.8% increase from May 2024.

This increase indicates that while average prices may show slight month-to-month dips, the underlying benchmark values remain firm, reinforcing the strength and stability of Edmonton’s housing market.

Days on Market

Days on market (DOM) offers valuable insights into how quickly properties are selling:

• Overall residential properties averaged 29 days, one day fewer than April and five days fewer than May 2024.
• Detached homes averaged 27 days, a one-day improvement from the previous month.
• Semi-detached homes averaged 25 days, two days faster than April.
• Row/Townhouses averaged 27 days, increasing by just one day.
• Apartment Condominiums averaged 40 days, reflecting a two-day increase from April.

The decrease in average days on market highlights the competitive nature of certain segments, where well-priced and appealing homes continue to move quickly.

*Image provided by Realtors Association of Edmonton

What to Take Away From May 2025 Market Trends

The May 2025 real estate market in Edmonton reveals key trends shaping the region:

• Growing Inventory: The significant increase in new listings means buyers have more options, while sellers face greater competition.
• Row and Townhouses Shine: This segment continues to perform well, driven by its affordability and practicality.
• Price Adjustments: Month-over-month price declines reflect rising inventory, creating new opportunities for buyers to negotiate.
• Sustained Market Activity: Increasing sales and steady days on market demonstrate a healthy demand despite rising inventory levels.

For buyers, this market presents great opportunities to find your ideal home and take advantage of increased supply. Sellers, on the other hand, may need to price competitively to attract interest in the face of growing competition.

Whether you’re buying or selling, understanding these trends is key to making informed decisions in Edmonton’s dynamic real estate landscape.