July Market Recap for Houses in Edmonton Canada

The market for houses in Edmonton Canada is seeing some big changes in 2025. In July, new listings went up by 20 per cent compared to last year. This means more choices for buyers. The total number of houses available was 7,083, which is 21.8 per cent higher than the same time last year. But sales have slowed. Only 2,860 homes sold in July, down 2.6 per cent from 2024. Even though more homes are on the market, experts say this is not a full shift to a buyer’s market. The type of home and location still matter a lot. Some areas are hot for sellers, while others are moving slowly. Let’s look closer at what’s going on.

A Mixed Bag Market

Edmonton’s housing market is giving off mixed signals this summer. On the one hand, there are more homes for sale than last year. Buyers have more time and more options. REALTORS® say motivated sellers might be willing to lower prices to make a deal. This is great news if you are looking for a home. But experts warn the market overall is still in favour of sellers. Right now, Edmonton has about 2.7 months of housing inventory. To be a true buyer’s market, there would need to be more than six months of inventory.

Moreover, not all properties are moving at the same speed. Detached homes are selling faster, taking around 31 days to sell in July. Condos are taking longer, with an average of 46 days on the market. In July, 1,690 detached homes sold compared to 471 condos. With so many condos available, supply is higher than demand in that part of the market.

Some buyers are finding that it’s only taking a few days from starting their search to getting the keys to a new home. This is a big change from a few years ago, when homes could sell within hours. Experts say this slower pace may shift again in the fall, as Edmonton’s market tends to be seasonal.

Contact me About Houses in Edmonton Canada

If you’re shopping for houses in Edmonton Canada, right now, you may find more choice and less pressure than in the past. But don’t expect deep discounts everywhere. Some areas and property types still favour sellers. The market depends heavily on location, pricing, and the type of home. For sellers, proper pricing is key to moving your home faster. For buyers, now is a good time to explore different neighbourhoods and property styles before making a move.