Edmonton Housing Market Update (Fall 2025)

Trends in the Edmonton Housing Market

The Edmonton housing market expects to see an increase in sale price of six per cent, with number of sales expected to fall by four per cent. Edmonton in Q4 2024 experienced a seller's market, with a lot of new construction inventory coming online for the remainder of the year. Out-of-province buyers continue to drive sales in Edmonton, which is expected to remain the same throughout the year. Families and couples are also becoming more active in the region. The city's relatively stable employment opportunities and ongoing infrastructure development make Edmonton an attractive option for those seeking something long-term. 

The biggest challenge in the Edmonton housing market is not enough quality inventory that matches what buyers are looking for. Properties are on the market, but not necessarily what buyers are interested in. Condos are also beginning to sit, as a lot of new construction units coming online now. Sellers are not adjusting their expectations as much as they could be, with some sellers stubbornly over pricing their listings. 

Edmonton's traditionally insulated market is beginning to feel the effects of broader economic uncertainty, which is tempering consumer confidence. At the same time, many buyers are acting with urgency, anticipating that rising costs for new construction and renovations – similar to trends seen after the pandemic – could impact affordability. First-time homebuyers are generally trending about the same as they have in previous years at around early to mid-twenties on average. Condos are the most common entry point for first-time buyers, followed by single-family homes that include secondary suites, with most purchases following conventional patterns.