Hi Edmonton, Josh Tagg here. The latest real estate stats for October 2025 are out, and there are a few important trends that first-time homebuyers should know about. I recently discussed the numbers with Jay, a local market expert, and here’s what we found.

Market Shifts: A Buyer-Friendly Trend

Jay explained that the market is showing some cooling signs. “We are noticing kind of like a cool down. It’s really tempered. We have some caution from buyers. Sellers are getting a little bit antsy and a little bit anxious,” he said.

When we looked at the numbers, Edmonton home sales in October dropped slightly from 2,129 to 2,061. Inventory has also decreased from 7,085 listings to 6,665. While these changes are minor, some sellers are choosing to hold off until spring, creating more opportunities for buyers.

Days on Market and Price Trends

Jay shared insights about how long homes are staying on the market. Detached homes went from 37 to 38 days, semi-detached homes are steady at 38 days, row houses decreased from 40 to 38 days, and apartment condos increased from 46 to 50 days.

Price changes were mixed. Detached homes rose by 0.4%, semi-detached homes dipped 0.2%, row houses increased 1%, and apartment condos dropped 4.9%. I noted, “It’s down 5% from some recent highs, but still up from a year ago. Apartments tend to stay in the same band, going back and forth but more or less stable overall.”

Jay added context: detached homes averaged $512,000, semi-detached $423,000, row houses $307,000, and apartments $183,000, down from $193,000. This shows that while apartments have softened, opportunities exist for savvy buyers.

Why This Is a Good Time to Buy

From my experience working with Edmonton homebuyers, both in resale and new construction, buyer interest is softening, and inventory is building up. This means it’s a more buyer-friendly market than we’ve seen in years.

I told Jay, “Interest rates have come down. You have a bit more time now to choose the home that you want to get. These are positive things for buyers.” For first-time buyers, this could be the perfect moment to get pre-approved and secure financing before the market picks up again.

How a Mortgage Broker Can Help

Navigating today’s market can be tricky. A mortgage broker like me helps you understand your budget, compares options across multiple lenders, and ensures you get the best possible rate. First-time buyers often underestimate how much difference professional guidance can make—both in saving money and securing the right home.

If you’re a first-time homebuyer in Edmonton, keeping up with market trends is crucial. Hit like for our videos, subscribe to the channel, and turn on notifications so you won’t miss future updates. I’ll continue sharing insights to help you make confident decisions in today’s changing market. Or, connect with me today to create your personalized homebuying plan.