Edmonton Housing Market Update: July 2026
More listings, a little more time, and prices still ahead of last year — July gave Greater Edmonton buyers room to breathe.
In July 2026, the Greater Edmonton median home price was $447,000 — down 1.2% from June but still up 2.2% from a year ago. Sales eased to 2,535, and inventory jumped nearly 18% year-over-year to 8,135 listings, giving buyers noticeably more choice. Prices are holding, not falling, and townhomes and condos under $300,000 remain the clearest path for first-time buyers.
July 2026 at a glance
The Greater Edmonton market kept tilting in buyers’ favour in July. There are more homes to choose from than at almost any point in the past year, properties are taking a bit longer to sell, and yet the typical home is still worth more than it was last summer. That combination — stable prices plus more choice — is exactly the balance first-time buyers have been waiting for.
Edmonton price trend
The headline numbers
| Metric | July 2026 | vs prev month | vs last year |
|---|---|---|---|
| Median price | $447,000 | ▼ -1.2% | ▲ +2.2% |
| Sales | 2,535 | ▼ -7.6% | ▼ -11% |
| New listings | 4,258 | ▼ -1% | ▲ +0.7% |
| Inventory | 8,135 | ▲ +3.1% | ▲ +17.8% |
| Days on market | 39 | ▲ +3 days | ▲ +6 days |
A look by property type
| Property type | Median | vs last year | Sales | Days on mkt |
|---|---|---|---|---|
| Detached | $531,050 | ▼ -0.7% | 1,544 | 35 |
| Semi-detached | $418,500 | ▼ -1.1% | 292 | 39 |
| Row / townhouse | $295,000 | ▲ +1.7% | 330 | 40 |
| Apartment condo | $195,000 | ▲ +2.6% | 369 | 55 |
Why we use median prices
Throughout these updates we use the median price rather than the average, because the median sits at the middle of the market — half of homes sold for more, half for less. A handful of high-end sales can drag an average upward, while the median gives a cleaner picture of what a typical home actually costs.
Are Edmonton home prices still going up?
Yes — modestly. The median price across all residential property types was $447,000 in July. That’s down about 1% from June, but still 2.2% higher than a year ago, an important reminder that Edmonton values are holding, not falling.
The bigger story is supply. Inventory climbed to 8,135 homes, up nearly 18% from last July, and homes are taking about six days longer to sell than a year ago. For buyers, that means more choice, less pressure, and more time to compare homes, review the numbers, and write appropriate conditions into an offer.
A closer look by property type
The median detached home sold for $531,050, essentially flat from a year ago and still moving in about 35 days. Semi-detached homes came in at a $418,500 median — a good middle option for buyers who want more space than a condo but aren’t ready for detached pricing, and the segment where rising inventory is quietly giving buyers the most negotiating room.
The more affordable segments are actually gaining ground year-over-year. Row/townhouses held a $295,000 median, up about 2% from last July, and apartment condos rose to $195,000, up 2.6%. For buyers trying to get in under the $300,000 mark, townhouses and condos remain the clearest path — and with condos averaging 55 days on market, there’s time to shop carefully.
What this means for first-time buyers
July’s numbers are the kind of balance first-time buyers have been waiting for: prices that are stable-to-slightly-higher rather than spiking, noticeably more homes to choose from, and sellers who are a little more open to negotiation.
The buyers who do best in a market like this are the ones who’ve sorted out their financing first, so they can act with confidence when they find the right place. Edmonton remains one of the most affordable major markets in Canada — but your monthly payment still comes down to your mortgage rate, so getting pre-approved tells you your real budget and locks in a rate while you look.
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Source: the REALTORS® Association of Edmonton, July 2026 (Greater Edmonton geography). Prices shown are median values. Month-over-month compares to the prior month; year-over-year to the same month last year. The board may revise past months as late sales are recorded. Prepared by Mortgages for Less.
