September 2025 Edmonton Real Estate Market Update

As September has rolled around and school is back in session, we start to feel fall right around the corner. In Edmonton, the last 2 years we have seen quite a busy real estate market, but now that the first part of 2025 started to see a slowdown in the sellers’ market, where does this take us into fall 2025? 

August this year continued to see a slowdown from July and earlier in the year across the city. Primarily, what I have noticed is homes taking longer to sell and more inventory on the market with less motivation from buyers. We are starting to see a shift as we move into a balanced market in Edmonton. For the first time in many months, we have crossed into 3 months of inventory on the market as sales slowed last month, down 16.7% from July and 7.7% from last year. Even though new listings also slowed last month, we still have more listed than this time last year, which has increased the overall inventory up to 7,141 and 3 months of supply. 

With all of the extra homes on the market, it has started pushing the amount of time it takes for units to sell, now with homes sitting on average of 37 days on the market. Overall, that is not a terribly long time, only up from 35 days in August last year, but compared to the market we have seen in the last little while, the change can be felt. Prices have started to reflect the slowdown with detached and semi-detached homes seeing a 2% and 1.3% pull back, respectively, while townhomes and apartment condos increased last month by 1.7% and 5.1%, respectively. Home prices are up from last year between 1% to 5.3% depending on the category, so while things have stabled off, they still have increased in the last year.

Even though August saw a slowdown, what does this mean for the start of fall? While I can't predict September’s results, I personally can say that I have seen an uptick in market activity from the 3rd week of August and onward, and while I predicted the numbers would slow down in August because of the slower start we saw, I do think we will see a small bump in the market during September and most likely until the Thanksgiving weekend in October before we see any major changes to introduce a winter market in Edmonton. So for sellers, if you are considering selling before 2026, I think there is a window in the market to make that happen. While it likely won't be the #1 time of the year to sell, it will be the best time for the rest of the year. For buyers, with increased inventory, fewer buyers than normal in the year, and some sellers seeing their properties sit on the market than they are used to seeing, there is most certainly more wiggle room on price and deals can be had, from lower offers being accepted, or sellers more willing to renegotiate price after an inspection. I have had some recent success with buyers achieving great deals towards the end of summer already.