October 2025 Edmonton Real Estate Market Update

I can't believe we are just starting the final quarter of 2025; this year has truly flown by! 

As we are well into the fall real estate market around Edmonton, we are starting to see how this fall market is taking shape this year and what we can expect for the next few weeks. Despite September being the back-to-school month where sometimes we can see an uptick in activity from August, and having a 0.25% Bank of Canada rate reduction, we didn't see as much of an uptick in the market as I was expecting, even though September this year ended up being one of my busiest months all year. 

As the fall push to sell continued last month with a similar amount of homes being listed on the market as August, a 16% increase compared to last year, the amount of sales we saw in September fell nearly 8% from August, which was almost 3% lower than last year, again showing signs that this year has not been as strong like we saw in 2024, which was not normal activity in Edmonton. With the reduction in sales, this continued to put pressure on the days on market with slight increases from last month. The average now sits at 39 days on market, similar to last year; however, all property types remain similar across the board, unlike last year where some property types were selling almost 3 weeks quicker than others. 

Prices across the Edmonton market stayed flat, seeing some decreases in single-family homes and condo apartments, while semi-detached and townhomes saw small bumps to the median sales prices, bringing the year-over-year gains to 3.6%, which is much less than we saw this time last year where the median price was up 13.5% in October 2024 from October 2023. 

Where do buyers and sellers need to position themselves throughout October? Sellers, the number one priority with increasing inventory on the market and fewer buyers than a few months ago, is to stand out as the obvious choice on the market. Even though you may have X, Y, and Z features more than the competition, competitive pricing is one of the main marketing strategies we have to use in the next month as for every 2 sellers on the market, 1 is likely to sell and 1 will likely be taking their home off the market this fall to reconsider next year. For the buyers in this market, now is where you may have some flexibility to find something that you want. Not every seller will accept an offer 5%-10% below asking price; however, because you may find 2, 3, or 4 homes of a similar kind on the market, one of them may be more motivated than the others, and they will be the one to offer up a deal before winter comes. 

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