August 2025 Edmonton Real Estate Market Update

August long weekend is upon us, and while it can feel like summer is coming to an end, I can assure you there is still more to the market in Edmonton before year-end. 

As we look back on July, we saw some positive improvements with inventory across the Edmonton area. Almost 8% more new listings came to market than in June, and so far, we listed 20% more homes in 2025 than in 2024, really helping to fix the supply shortage that I kept mentioning all of last year. While sales may have slowed to just below an even pace from last year, down 2.5% from 2024, we still have a very healthy amount of sales, resulting in 65% of all new listings being sold and still at 2.5 months of inventory on the market. 

While we are amidst the summer, and some sellers may be wondering if it is still a seller's market, by all metrics, it still does favour the sellers’ side to the buyers, not even a balanced market. Many of us got very used to listings selling within 1 week or even mere days that we only attribute a seller’s market to that; however, that is not the full picture. While I have definitely seen a shift in the market in the last 6 weeks where the market is softening and buyers are having the ability to take more time to shop and make decisions, we are seeing the market has a whole go through a time where more sellers are on the market, which as a whole divides the volume of buyers per listing that we were used to earlier in the year. 

So how are the sales and prices being affected? Sales are still moving as quickly now in mid-2025 as they were in 2024. The average time on the market is just over a month at 33 days to sell the average home (on par with last year), with semi-detached selling as quickly as 29 days (2 days longer than last year) or as long as 46 days (2 days longer than last year). Prices have softened month-over-month, which is not unusual this time of year, but are still up over 6% from July 2024, even detached homes seen a 1.9% increase last month over June. 

Where do I see this going for the next couple of months? I think we are on a very stable and predictable trajectory for the next few months of this year. It is not unusual to see a slower pace from June to mid-August, where we then see a pick-up in sales and prices from mid-August till mid-October before the Thanksgiving long weekend. If we see this pick-up in movement over the next 2 months, I think we will be able to add on some last-minute price increases in the market before finishing off the year and will prove that 2025 was another year of growth in the Edmonton area. 

If you want to know how to take advantage of selling in this market, reach out to me for a free home evaluation, and I am happy to walk you through selling in this current market. https://lorenzgroup.ca/evaluation

If you want to know how to best position yourself in this buying market, reach out for a free buying consultation and I am happy to come up with a game plan for you this year. https://lorenzgroup.ca/contact