December 2025 Edmonton Real Estate Market Update

T-29 days to 2026! Can you believe it? 

2025 has been one busy year for everyone, but we have almost one more month to add a few more sales up on the board. During November, we continued to see the same fall trend from September and October, where we are in a balanced market in the Edmonton area, where the strong favourability for sellers has mostly disappeared and the ease of demand on listings seems to have drained from the market. Sales in November plummeted almost 20% from October, and are down 13.5% from this time last year in year-to-date sales volume. The biggest difference this year is the amount of inventory we are wrapping the year up with, 32% more than November 2024. New listings are up 11% from this time last year; however, November was a slow month for new inventory coming to market at a 28% decrease from October. 

With the slower market, homes are taking longer to sell, averaging 45 days on the market in November, up from 41 days in 2024. The semi-detached market does seem to have the most amount of demand at 32 days on the market; however, apartment condos have soared up to an average of 55 days on the market. Prices remained flat (-0.7%) with both increases and decreases in November across asset types: detached down 0.4%, semi-detached up 0.5%, apartment condos up 3.3%, which made up most of its year-over-year gains last month, and townhomes in the slump at an 8.1% decrease in November, totalling at a 2.6% loss from this time last year. 

Where do I see this taking us into next year? The biggest difference between the start of the last 2 years and the start of 2026 will be inventory. In the last 2 years, we have seen a roaring spring market with strong buyer demand, but also a combination of extremely low inventory, with an increased level of buyers for the first handful of months and hardly any homes to purchase. This caused our market to be red-hot. Going into 2026, this might not be the case. Going into the last month of December with more inventory than we are used to, unless the inventory sells or sellers decide to take their homes off the market for the next 2-6 months, we likely will start the year with lots of options for buyers on the market, which has the potential for a different outcome than we are used to seeing. Only time will tell on this one. 

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