Edmonton, June 2, 2025: There were 2,967 residential unit sales in the Greater Edmonton Area (GEA) real estate market during May 2025, representing a 9.7% increase from April 2025 and a 7.9% decrease from May 2024. New residential listings totalled 4,917, representing a 27.8% increase from April 2025 and a 16.1% increase over the previous year. The overall inventory in the GEA increased 19.9% month-over-month and 13.2% year-over-year.

The total number of Detached units sold was 1,730, representing a 9.8% increase over the previous month and an 8.9% decrease compared to sales in May 2024. With 289 units sold in May 2025, semi-detached sales were down 5.9% month-over-month and 19.3% year-over-year

The total residential average price in May 2025 was $464,277, decreasing 1.4% from the previous month and reflecting an overall growth of 5.2% compared to May 2024. Detached home prices averaged $579,704, representing a 1.0% decrease from April 2025 and a 6.2% increase over the previous year. Semi-detached units sold for an average of $439,857, representing a 1.1% increase from the last month and a 6.0% year-over-year increase. 

The MLS® Home Price Index (HPI) composite benchmark price* in the GEA was $439,100, reflecting a 0.3% increase from April 2025 and a 9.8% increase from May 2024.

“A new trend may be emerging in our market right now, signalled by a rebound in our inventory levels,” says REALTORS® Association of Edmonton 2025 Board Chair Darlene Reid. “For the second month in a row, our inventory levels have been buoyed by a flood of new listings, giving buyers more choice and sellers more competition. As a result, we saw a nominal decrease in average price over most property categories, which could signal a change in the direction of our housing market as the year progresses.”

Detached homes averaged 27 days on the market; a one-day decrease from April 2025. Semi-detached homes decreased by two days, with properties averaging 25 days on the market.

Overall, residential listings decreased by one day from the previous month, averaging 29 days on the market, reflecting a five-day decrease from the previous year.

Sourced from RAE