It’s hard to believe that summer is almost halfway over… especially because it has basically been a monsoon!! While Edmonton, St. Albert and Sherwood Park homeowners are bailing water out of their basements at a record rate, the market is also in a gloomier mood than it was last year.
July brought a slower pace to the Greater Edmonton Area real estate market, which isn’t unusual for the middle of summer. Sales slowed down from June, inventory continued to build, and benchmark prices remained remarkably stable despite more homes becoming available.
Here are the most important numbers for July 2026:
Total Sales – Down 11.0% from July 2025
4,258 new listings, 2,535 homes sold
Total Inventory Up 17.9% from last July
Image: Realtors Association of Edmonton Market News Release
One of the biggest takeaways from July is that home prices have remained surprisingly stable.
Although inventory has increased nearly 18% compared to last summer, benchmark pricing has barely moved. This suggests that while buyers have more options than they did a year ago, demand is still healthy enough to support pricing across much of the Edmonton market.
Average selling prices are also sitting 2.6% higher than this time last year, reinforcing that Edmonton continues to experience long-term price growth despite seasonal slowdowns.
Image: Realtors Association of Edmonton Market News Release
More Listings Give Buyers More Choice
Inventory continued to climb in July, with over 8,100 homes available across the Greater Edmonton Area. For buyers, this is welcome news.
More available homes generally mean less competition, more negotiating power, additional time to make decisions, and a wider selection of properties. Homes that need some work especially are sitting on the market, and allowing buyers to negotiate under the asking price.
Average days on market also increased to 39 days, giving buyers slightly more breathing room than earlier this year.
While Edmonton is moving toward a more balanced market, well-priced homes continue to sell quickly, especially in desirable neighbourhoods.
Sales Slow During the Summer
July recorded 2,535 residential sales, which is down 11% from July 2025.
While summer often brings a seasonal slowdown in Edmonton as families travel, vacations take priority, and many buyers postpone moving decisions until late summer or fall, sales declined both month over month and year over year, which suggests overall the market is softening.
The important detail though is that although transaction volume has softened, pricing has remained relatively stable.
Detached Homes Continue to Lead the Market (obviously)
Detached homes remained the strongest-performing segment, which is a pretty normal statement for Edmonton.
The average detached home price right now in Edmonton is $585,726 which is down 1.3% from June, but up 1.2% year over year.
We saw row/townhome properties saw a bit more of a price adjustment, which is partly due to more new builds fighting for buyers. The average price for townhomes landed at $292,756, which is down 3.5% from June, and down 1.3% from last July. Really not that significant though.
Apartment condos remain one of the more affordable entry points into Edmonton real estate, and is still WAY cheaper than buying a condo in Ontario or BC. The average condo price right now in Edmonton is $214,521, which I’m sure our out of province friends will giggle at…. so come and buy a condo 😉 Compared to last month’s decrease, condo prices were only down 2.1% from June BUT up 2.3% year over year. That is great news for anyone in Edmonton who owns a condo. Condo sales were down significantly compared to last summer, but new listings also fell.
What This Means for Sellers
Sellers can still achieve excellent results, but preparation has become very important. Strategic marketing, accurate pricing (ie do NOT overprice!) and strong presentation are making a bigger difference as buyers gain more options. The days of simply listing a home and expecting multiple offers are over in many price ranges.
The Outliers: St. Albert, Sherwood Park, Spruce Grove, Leduc and Beaumont
Generally speaking, we’ve seen these suburb markets remain stronger than Edmonton. This is partly due to there being fewer new home options to compete with, partly because of the increased demand of many Edmontonians who are moving away from the major changes to infill policy within Edmonton, and partly because they are generally great places to live.
Where the Edmonton market has slowed, the suburb markets continue to experience multiple offer situations and have been quite busy overall.
Edmonton Market Outlook for Fall 2026
As we move toward late summer and into the fall market, inventory levels will be one of the biggest indicators to watch. As has been the trend through 2026, as inventory rises and demand slows, prices are likely to continue softening. We haven’t fully seen the impact of this as we still have some June sales getting reported in the July statistics, but my personal guess is we will see price drops across all three categories (detached, row/townhome and apartment condos) in Edmonton in fall 2026.
That being said, the sky isn’t falling, we’re still selling homes, and they will continue to sell. Both buyers and sellers need to be strategic, but most of all, move when the time is right for them!
Do you have questions about the Edmonton real estate market? I’m here to help. Our targeted buyer strategy and selling success system have proven results over the past 18 years of helping clients buy and sell successfully in Edmonton.
Wishing you a fantastic August – hopefully it stops raining (please!!), and everyone is able to get out and enjoy our famous festivals – Edmonton Folk Fest, Edmonton Fringe Festival,
Your Realtor,
Sara
