Stability': Edmonton's housing market cools down

'The rise in available listings compared to last year has an impact on creating more balanced conditions for everyone in the market — buyers have more options and sellers have steady chances'

'Stability': Edmonton's housing market cools down

'The rise in available listings compared to last year has an impact on creating more balanced conditions for everyone in the market — buyers have more options and sellers have steady chances'

Author of the article:By Michele Taylor

Published Nov 08, 2025

Last updated 1 hour ago

3 minute read

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real-estate

Edmonton's housing market is cooling down, as shown by data from the Realtors Association of Edmonton (RAE). Photo by David Bloom /Postmedia

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Edmonton's housing market slowed down in September and October after a strong summer. Average prices dropped and listings increased pointing to a cooler market after two years of steady growth.

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The average price of a housing unit sold in the Edmonton area in September fell by about $8,300 compared to August reaching $452,849. October's average price stayed close to this figure, at $454,777. These numbers come from the latest data released by the Realtors Association of Edmonton (RAE).

Unlike the summers of 2023 or 2024, the 2025 summer buying season didn't boost prices in Edmonton as expected. Sales have been inconsistent and listings have grown enough to halt price increases instead of driving them up — a trend evident in recent Canadian Real Estate Association and RAE reports showing summer prices staying level and inventory rising.

In September, prices followed their typical seasonal decline but started from a lower point. With summer prices unchanged and current listings higher than last year, buyers will anticipate further price drops in the coming months — at least until supply tightens or demand picks up.

"The October figures point to a normal seasonal slowdown. While activity has dropped month-to-month, sales and prices stay much higher than last year at this time. This shows a market that still has strong demand and remains stable," said RAE board chair Darlene Reid in a news release about October's housing data.