By Josh Tagg, mortgage broker · Mortgages for Less with INDI Mortgage · Calgary, serving all of Alberta ·
The median slipped below last year for the first time this fall, and apartment condos tipped into a buyer’s market. Jay Lewis and Josh Tagg walk through the numbers.
In October 2026, the Greater Edmonton median home price was $423,000, down 1.9% from a year ago and 2.8% from September, the biggest yearly drop since May 2023. Sales fell to 1,882 (down 8.3% year-over-year) while 7,529 homes were for sale, 15.1% more than last October. Months of supply held at 4.0, still balanced and the highest October reading since 2022. Apartment condos reached 6.7 months of supply, a buyer’s market for the first time since January 2023, and semi-detached homes were the only type selling more than last year.
October 2026 at a glance
Last month detached homes were the one type still priced above a year ago. In October they slipped below it too. The Greater Edmonton median came in at $423,000, 1.9% under last October and 7.6% below the $457,900 peak in May. Sales were down, homes took a few days longer to sell, and condos crossed into buyer’s-market territory. The market overall is still balanced. Buyers just have more room than they’ve had in a while.
Edmonton price trend
The headline numbers
| Metric | October 2026 | vs Sep 2026 | vs Oct 2025 |
|---|---|---|---|
| Median price | $423,000 | ▼ -2.8% | ▼ -1.9% |
| Sales | 1,882 | ▼ -3.5% | ▼ -8.3% |
| New listings | 3,264 | ▼ -11.2% | ▲ +2.9% |
| Inventory | 7,529 | ▼ -4.4% | ▲ +15.1% |
| Days on market | 43 | ▼ -1 day | ▲ +3 days |
A look by property type
| Property type | Median | vs Sep 2026 | vs Oct 2025 | Sales | Days on mkt |
|---|---|---|---|---|---|
| Detached | $503,500 | ▼ -2.2% | ▼ -1.7% | 1,155 | 41 |
| Semi-detached | $405,000 | ▼ -0.4% | ▼ -4.3% | 245 | 44 |
| Row / townhouse | $303,057 | ▲ +2.7% | ▼ -1.4% | 261 | 44 |
| Apartment condo | $185,000 | ▲ +0.3% | ▲ +0.7% | 221 | 49 |
Why we use median prices
We use the median price rather than the average because it sits at the middle of the market: half of homes sold for more, half for less. A few high-end sales can pull an average up (October’s average was $457,641), while the median gives a cleaner read on what a typical home costs. Both measures move with the mix of what sold in a given month, so we read sales, listings and days on market alongside price rather than treating one monthly move as the whole story.
Are Edmonton home prices going down?
A little. The median across all residential property types was $423,000 in October, down 2.8% from September and 1.9% from October 2025. That is the biggest year-over-year drop since May 2023. Some of the slide since spring is seasonal, but this fall has eased about twice as much as last fall: 7.6% from the May peak, against 3.5% from April to October 2025.
Sales fell to 1,882, down 3.5% on the month and 8.3% on the year. New listings dropped 11.2% from September to 3,264, which is normal for October, though they were still 2.9% above last year. That left 7,529 homes for sale at month-end, 15.1% more than a year ago. Months of supply held at 4.0, up from 3.2 last October and the highest October reading since 2022. The typical home took 43 days to sell, three days longer than a year ago.
Is Edmonton a buyer’s market?
Overall, no. At 4.0 months of supply Greater Edmonton is still balanced. But the property types are pulling apart, and one of them has crossed the line.
Apartment condos sat at 6.7 months of supply in October, a buyer’s market, and the first time condos have been at that level since January 2023. Condo sales fell 30.9% from a year ago to 221, and homes took 49 days to sell. The median condo price actually rose 0.7% to $185,000, the only type up on the year, so this is a slow market rather than a falling one. For a buyer that means time and negotiating room.
A closer look by property type
Detached homes slipped below last year. The median detached sale was $503,500, down 2.2% from September and 1.7% from a year ago, on 1,155 sales. Detached inventory is 18.7% higher than last October at 4,326 listings, and the segment sits at 3.7 months of supply with homes selling in 41 days.
Semi-detached homes were the only type selling more than a year ago. Sales rose 12.4% to 245, while the median fell 4.3% to $405,000, the largest yearly price drop of any type. At 3.0 months of supply, semis are the tightest segment in the market.
Row and townhouses held steady at a $303,057 median, up 2.7% from September and down 1.4% from last October, on 261 sales. New townhouse listings fell 25.2% on the month, and supply sits at 3.7 months with homes taking 44 days to sell.
What this means if you’re buying or selling
If you’re buying, you have more room than any October buyer since 2022. You can compare homes, negotiate on price, and keep your financing and inspection conditions in the offer instead of waiving them. If you’re looking at a condo, read the condo documents closely: the fees, the reserve fund study and the board minutes.
If you’re selling, price for this market, not for May. There are 15% more homes for sale than a year ago and 8% fewer sales, so a home priced to last spring’s numbers will sit.
Either way, get your financing sorted before you start. A pre-approval tells you your real budget and holds a rate while you shop, which matters more when you have time to be choosy.
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Source: the REALTORS® Association of Edmonton, October 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.
