Edmonton, May 2, 2025: There were 2,710 residential unit sales in the Greater Edmonton Area (GEA) real estate market during April 2025, representing a 9.0% increase from March 2025 and a 13% decrease from April 2024. New residential listings totalled 4,012, representing a 9.8% increase from March 2025 and a 4.8% increase over the previous year. The overall inventory in the GEA increased 12.1% month-over-month and 0.3% year-over-year.

The total number of Detached units sold was 1,576, representing a 10.2% increase over the previous month and a 14.7% decrease compared to sales in April 2024. With 307 units sold in April 2025, semi-detached sales were up 15.4% month-over-month and down 11.3% year-over-year

The total residential average price came in at $470,447, increasing 2.1% from the previous month and reflecting an overall growth of 9.0% compared to April 2024. Detached home prices averaged $585,707, representing a 1.8% increase from March 2025 and a 10.4% increase over the previous year. Semi-detached units sold for an average of $434,858, representing a 1.1% increase from the last month and a 6.9% year-over-year increase.

The MLS® Home Price Index (HPI) composite benchmark price* in the GEA was $438,100, unchanged from March 2025 and reflecting a 10.8% increase from April 2024.

“Our spring market has unmistakably declared its arrival with the influx of new listings and rising inventory. April marked the first time in a while that our current inventory has been on par with or higher than last year’s levels,” says REALTORS® Association of Edmonton 2025 Board Chair Darlene Reid. “Though, what’s interesting is we’ve seen inventory levels decline in the negative double digits for the better part of the last 12 months, and the dwindling supply has put pressure on home prices. That pressure won’t alleviate unless this upward trend for inventory continues well past the busy season. We can still expect prices to continue to increase in the short term through the warmer months.”

Detached homes averaged 29 days on the market, a one-day decrease from March 2025. Semi-detached homes increased by five days, with properties averaging 27 days on the market

Overall, residential listings averaged 30 days on the market, unchanged from the previous month and reflecting a six-day decrease compared to April 2024.

Sourced from REA