Edmonton’s housing market showed renewed energy in May 2025, with strong increases in both inventory and sales activity. While the year started with some economic uncertainty, recent trends suggest growing confidence among both buyers and sellers. This update covers price trends, inventory shifts, sales volume, and what we might expect in the months ahead.

Inventory Growth Offers Buyers More Options

One of the biggest stories this month is the significant increase in available inventory. Active residential listings jumped from 5,436 in April to 6,520 in May — a 20% rise. This is the highest inventory level we’ve seen so far in 2025 and a welcome shift for buyers who’ve been struggling with limited choice.

An increase in inventory can indicate a few different things: more sellers are entering the market, and buyer demand may not be outpacing supply as aggressively as earlier in the year. For buyers, this means a bit more breathing room, especially if this trend continues into the summer months.

Sales Volume Rises – Momentum Is Building

Sales activity also saw a healthy month-over-month boost. Edmonton recorded 2,967 home sales in May, up from 2,710 in April — a 9.5% increase. While this is a great sign for the market’s overall health, it’s worth noting that year-to-date sales (January through May) are still down roughly 8% compared to the same period in 2024.

That said, momentum appears to be shifting. With a more stable political environment and economic clarity starting to return, confidence in the market is rebounding. This could result in even stronger summer performance — especially if interest rates hold or drop.

Average Prices Show Mixed Results

Edmonton’s average home prices in May saw varied movement depending on the property type:

• Detached Homes: Averaged $533,000 (down slightly from $535,000 in April)
• Semi-Detached: Rose from $425,000 to $435,000 — a $10,000 gain
• Townhomes: Dropped from $322,000 to $310,000 — a notable decline
• Apartments: Edged down to $199,000 from April’s $200,000

While detached homes and semi-detached properties remain relatively stable or appreciating, the decrease in townhome and apartment prices could reflect softening demand in the entry-level or investment segments — potentially an opportunity for savvy buyers.

Visual: Home Prices by Property Type

See below for a comparison of average prices in April vs May 2025 across all major property types:

Days on Market and Price Change Analysis

Homes in Edmonton are still selling quickly, with the average days on market continuing to trend downward. Detached homes saw a reduction of two days on average in May. This indicates ongoing buyer demand and market efficiency, even as listings grow.

Here’s how the rate of change looked in May:

• Detached: Down 0.3% month-over-month
• Semi-Detached: Up 2.4%
• Townhomes: Down 3.7%
• Year-over-Year (Detached): Still up 6.6%, showing long-term price resilience

Market Outlook Heading into Summer

With more inventory and continued buyer activity, the Edmonton market is entering a more balanced phase. This is great news for prospective buyers who’ve been waiting for competition to ease slightly. For sellers, the current environment still provides a solid opportunity to list — especially for well-priced detached and semi-detached homes.

The upcoming Bank of Canada interest rate announcement will be a key factor to watch. A rate hold or reduction could further boost buyer confidence and affordability.

Stay Informed with Our Weekly Market Updates

We break down market activity and lending news every single week on our YouTube channel. Whether you’re buying, selling, or refinancing, staying informed is the key to making confident real estate decisions.

👉 Watch the full May Market Update on YouTube and subscribe to get alerts on the next video — including this week’s deep dive into interest rates.

Got questions or want to discuss your situation? We’re here to help you navigate the numbers and move forward with confidence.