Hi Edmonton, Josh Tagg here. I recently shared the September 2025 real estate stats for our city, and I want to break down what those numbers mean for first-time home buyers—especially those looking for a mortgage broker to help navigate this market.
In my video, I started off with a disclaimer: “I’m not licensed in real estate, so I’m going to tell you the numbers, but I’m not giving you any real estate advice.” With that out of the way, let’s dive in.
Sales and Market Trends
We saw a dip in sales from August to September, dropping from 2,382 to 2,192. While that’s fewer sales than in recent months, it’s important to look at the bigger picture. I noted, “If we look back over the last five years, we’re actually only lower than 2024, so that does suggest we have good, strong sales here in Edmonton.”
Sales were especially strong during the COVID period, then slowed when interest rates rose in 2022. Since then, the market has recovered, and 2025 September numbers are still solidly in a seller’s market. Inventory, however, is climbing. “We haven’t really seen inventory above 7,000 much over the last five years…which does mean it’s taking longer to sell all the listings, but it’s still fewer than four months worth of inventory,” I explained.
How Long Homes Are Staying on the Market
For all homebuyers, timing matters. Detached homes are selling in about 37 days, almost identical to last year and last month. Semi-detached homes are taking slightly longer at 38 days, compared to 29 days a year ago, and apartments are moving a bit faster than last year. I pointed out that, “Obviously, there are listings that never sell and those don’t factor into these numbers.”
Prices: Slight Changes, Still Strong
Median sale prices tell an important story. For detached homes, we saw a downward trend of roughly $15,000 from last month and $24,000 from July, though prices are still up compared to last year. Semi-detached homes increased slightly to $424,000 from $418,000, while townhouses are back above $300,000 after dipping in the summer. Apartment condos remain steady between $190,000 and $200,000, showing stability over the past few years.
I summarized it this way: “Apartments are very stable in their pricing. They’re not going down, which is fantastic, but they haven’t really had the same upward pull over the last five years as the other property types.”
Why All Buyers Should Consider a Mortgage Broker
Navigating these numbers and the Edmonton market can be overwhelming, especially for first-time buyers. A mortgage broker can help you understand how much you can afford, find competitive rates, and guide you through the pre-approval and financing process. With sales strong, inventory growing, and prices fluctuating slightly, having an expert in your corner is more important than ever.
To get the full breakdown straight from me, check out the video on YouTube here. Don’t forget to like, subscribe, and hit the bell so you get notified whenever we post new content weekly.
