FEBRUARY 2026
EDMONTON REAL ESTATE
MARKET UPDATE

By Maninder Grewal
Feb 5, 2026

This February update reflects market activity from January 2026, based on the latest statistics released.

Market Overview

The Edmonton real estate market began 2026 with a noticeable increase in available listings and slower sales activity. This signals a shift away from the tight conditions seen previously and toward a more balanced market environment.

Sales Activity

There were 1,151 residential sales across the Greater Edmonton Area in January. This was lower than both December 2025 and January 2025. While slower activity is typical at the start of the year, buyers are also taking more time to evaluate options as inventory rises.

Inventory and New Listings

A total of 2,518 new listings were added in January, a significant increase from December. Overall inventory levels were much higher than this time last year, giving buyers more choice across all property types.

With more homes available, urgency has eased and the market is becoming less competitive for buyers compared to recent years.

Pricing Trends

The average residential selling price was approximately $448,761.
The MLS Home Price Index benchmark price was $415,000.

Prices were slightly lower than December but remained higher than January of last year. This reflects modest year over year growth while increased inventory applies short term pressure on pricing.

Property Type Breakdown

Detached Homes
Detached homes recorded an average price of approximately $556,752. Prices softened compared to both last month and last year. New listings increased substantially, while sales activity declined.

Semi Detached Homes
Semi detached homes averaged around $422,964. Prices increased year over year, but sales volume was lower. Inventory levels rose, providing more options for buyers.

Row Homes and Townhomes
Row and townhomes experienced softer pricing compared to last year. Inventory increased and sales slowed, continuing the trend toward improved availability in this segment.

Apartment Condominiums
Apartment condominiums averaged approximately $225,671. Prices increased compared to both December and January of last year, even as sales declined and inventory rose. This segment continues to appeal to first time buyers and investors.

What This Means Going Forward

Buyers are entering a market with more selection and improved negotiating conditions. Homes are spending more time on the market, allowing for more thoughtful decision making.

Sellers continue to benefit from prices that remain stronger than a year ago, but increased competition means pricing and presentation matter more than they did in tighter markets.

Final Thoughts

Early 2026 shows the Edmonton real estate market moving toward balance. Inventory growth is reshaping buyer behavior, while sellers must adapt to a more competitive landscape. The direction of the market in the coming months will depend on interest rates, buyer confidence, and how quickly new listings continue to enter the market.

If you would like a more localized breakdown for your neighborhood or advice tailored to your situation, feel free to reach out.

⸻

If you’d like to receive this newsletter monthly, you can sign up below.