November 2025 Edmonton Real Estate Market Update

As we rolled into October this year with municipal elections, another 0.25% rate cut on the federal level, and the provincial teachers strike, I felt a very visible shift in the market as the level of activity seemed to push down harder on the brakes as more people became hesitant to make any moves.

 

Inventory in Edmonton is continuing to stack up, as less homes sold last month as compared to September or even this time last year, and the number of new listings on the market is higher than this time last year as well. It has now pushed the Greater Edmonton market to just over 3 months of sitting inventory, which is in the balanced market range giving buyers an equal opportunity to negotiate a deal as sellers do. With added options on the market, homes are consistently taking longer to sell, an average for 40 days, up from 39 in September and from 37 in October 2024; ranging from 38 days for detached, semi-detached, townhomes to 50 days for apartment condos.

 

Pricing has been slowly coming down from the spring high this year and bringing our year-over-year median price gains to a minimal 2.1%. Row/townhomes have actually seen a -1.2% year-over-year decline in the last 12 months as they hold on to keeping the median price just over $300k at $307k. The largest drop in October was with apartment condos falling -4.9% bringing their median price to $183k which is on par with their values this time last year, which is not surprising as they are usually the first to come down in a declining market.

What opportunities does this bring for buyers and sellers as we wrap up 2025? First off for buyers, this is where the opportunity lies. As sellers are getting caught off guard going days or a week or more without showings which has been unexpected in recent years, desperation sets in to sell which brings more sellers willing to negotiate on price as I have seen some buyers pick up some properties at discounts that I would not have expected to see earlier in the year. For sellers, if selling this fall is the primary objective, standing out among the other options on the market is critical, from making sure your home is in tip-top shape, completing all small & big repairs so that a buyer doesn't feel they need to fix anything after a move in, but also to pricing, if multiple homes are in a similar condition around you, that will likely be the top thing to stand out to buyers when they choose which home they decide which homes to view.

 

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