March 2026 Edmonton Real Estate Market Update

The spring market has launched in Edmonton and we are already off to a much better start than coming out of the holidays in January. 

For anyone that has talked to me recently, you would know that the market in Edmonton is more balanced and in a less favourable period for sellers than we have seen in the last several years, however not completely switched where the market only favours buyers. As January started off slower than last year and now moving into the data from February, we can see that we are starting to move into the spring market where things are picking up in the market however still on a slower pace than this time last year.

The big news so far this year is how much inventory we have on the market at the start of 2026. In February we brought 3000+ listings to the market which is up more than 15% from 2025, meanwhile selling only 1606 homes during February and are down 11.5% of the number of homes sold from 2025. This has resulted in 5462 homes currently on the market a 11.4% increase from January. Overall this has kept us in a balanced market from last month at 3.4 months of inventory, just above a sellers market. 

Days on market have had a positive change as well in February, significantly decreasing from our highs last month with an average of 45 days on the market, low end of 41 for semi-detached and a high end of 54 days on market for apartment condos. This however is still higher than 2025 by more than 21% again showing an improving market from January but slower than this time last year. 

Prices have a similar story for the most part. On average we are up 0.6% from January, with a slight -0.6% decrease from this time last year. Detached, semi-detached, and row/townhome are all up since January including year over year from 2025 except for detached homes down 2.4% from 2025. For apartment condos, despite seeing a massive on paper increase for January, like predicted, it was short lived as we are down 4.4% in February with now a 3.7% year over year decrease. 

Where can we expect to go from here? Ultimately I think we are all feeling a slower market from the last several years being extremely busy, however, by no means is this a dead market in Edmonton, just more of a returning to a normal moving average market. We are likely to be in a balanced market for most of 2026, even though a couple months may technically show a slight sellers market based on the inventory levels, but I do not expect a strong sellers market through the spring. Prices will likely see some upwards pressure, but as things level out and come back down for the last half of the year, we likely will be flat on a year over year basis or a slight increase. 

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