Edmonton Housing Market Report
By Daniel De Sousa · Published October 6, 2026 · Data: August 2026, released September 2, 2026
Greater Edmonton Area home sales slowed in August 2026 while inventory kept building. The REALTORS Association of Edmonton reported 2,143 sales, down 15.4% from July and 9.8% from August 2025, with inventory 15.1% higher than a year earlier (CREA board statistics). Prices were close to flat: the benchmark price was $426,900, down 0.6% on the year, while the average selling price was $469,602, up 1.8%.
We update this report each month when the realtors’ association publishes new figures. The date of the data is shown at the top of the page.
Key Takeaways
– Sales: 2,143 in August 2026, down 9.8% year over year (CREA board statistics).
– Inventory is 15.1% higher than a year ago, so buyers have more homes to choose from.
– Benchmark price: $426,900, down 0.6% year over year. Average price: $469,602, up 1.8%.
– Detached homes averaged $575,575 (up 1.0% on the year), while condos averaged $215,422 (down 1.2%).
– Mortgage rates matter as much as prices right now: the best insured five-year fixed rate rose to 4.29% in September.
Is Edmonton a buyer’s or seller’s market right now?
In August 2026 the Greater Edmonton Area had fewer sales and more inventory than a year earlier. Sales fell 9.8% year over year, new listings rose 3.3%, and inventory was up 15.1% (CREA board statistics). When supply grows faster than demand, buyers gain negotiating room.
The association described the slowdown as normal for the season as autumn approaches, and noted that inventory is continuing to build in the market. Prices haven’t dropped much. The benchmark price, which adjusts for the mix of homes sold, was down 0.6% on the year. That points to a market that is loosening for buyers without a sharp price correction.
What are Edmonton home prices right now?
| Measure | August 2026 | Change from July | Change from August 2025 |
|---|---|---|---|
| Benchmark price (MLS Home Price Index) | $426,900 | -0.6% | -0.6% |
| Average selling price, all types | $469,602 | -1.1% | +1.8% |
| Sales | 2,143 | -15.4% | -9.8% |
| New listings | 3,769 | -8.1% | +3.3% |
| Inventory | -1.1% | +15.1% |
Greater Edmonton Area. Source: REALTORS Association of Edmonton via CREA board statistics.
The two price measures tell slightly different stories. The average price includes whatever mix of homes sold that month, so a month with more detached sales pulls it up. The benchmark price compares similar homes over time, which makes it the better measure of what a typical home is worth.
How do prices differ by property type?
| Property type | Average price, August 2026 | Change from August 2025 |
|---|---|---|
| Detached | $575,575 | +1.0% |
| Semi-detached | $424,322 | +0.8% |
| Row and townhouse | $298,238 | -1.2% |
| Apartment condo | $215,422 | -1.2% |
Average selling prices, Greater Edmonton Area (CREA board statistics).
Detached and semi-detached prices rose slightly, while row homes and condos slipped. For first-time buyers, that gap matters. A condo at the August average needs a minimum down payment of about $10,800. A detached home at the average price needs about $32,600, because the portion above $500,000 requires 10% down.
How does Edmonton compare with Calgary?
Calgary’s August 2026 benchmark price was $569,800 for the City of Calgary (CREB), about 33% higher than the Greater Edmonton Area benchmark of $426,900. Calgary sales fell 16% year over year in August, a larger drop than Edmonton’s 9.8%, and Calgary had close to four months of supply.
Both markets are cooling in a similar way, but Edmonton’s lower prices mean a smaller mortgage and down payment for a typical home. Our Calgary mortgage rates page shows what that means for payments in Calgary.
What does this market mean for buyers, sellers and people renewing?
Buying. More listings and slower sales give you time to compare homes and negotiate. The risk has shifted to mortgage rates: the best insured five-year fixed rate climbed to 4.29% in September, up 25 basis points in 30 days (lender rate survey). A rate hold protects you while you look. Our Edmonton mortgage rates page shows current rates and payments on the benchmark home, and our affordability guide shows what you could qualify for.
Selling. With inventory up 15.1% year over year, buyers can compare. Pricing to the current market matters more than it did a year ago.
Renewing. House prices barely moved, so your equity is probably close to what it was a year ago. Rates are the bigger change. If your mortgage matures in the next few months, our mortgage renewal guide shows what a renewal at today’s rates looks like.
Frequently asked questions
Are house prices dropping in Edmonton?
Not much. In August 2026 the Greater Edmonton Area benchmark price was $426,900, down 0.6% from a year earlier, while the average selling price was up 1.8%. Row homes and condos showed small declines, and detached homes rose slightly.
How many homes are for sale in Edmonton?
Inventory in August 2026 was 15.1% higher than in August 2025 and 1.1% lower than in July, according to the realtors’ association figures. New listings that month totalled 3,769.
Is it a good time to buy a house in Edmonton?
Buyers have more choice and less competition than a year ago, since sales are down and inventory is up. The trade-off is higher fixed mortgage rates. Getting pre-approved with a rate hold lets you shop at today’s rate.
How often is this report updated?
Each month, after the REALTORS Association of Edmonton publishes the previous month’s figures, usually early in the month. The data month is shown at the top of the page.
Get pre-approved before you shop
If you’re planning to buy in the Edmonton area, a pre-approval tells you your budget and holds a rate while you look. We compare your options across our 30+ lenders and can usually turn around a pre-approval within 24 hours. Call 780-974-1270, email info@MetroMortgageGroup.ca, or learn more about our Edmonton mortgage broker team.
About the author: Daniel De Sousa is co-owner of Metro Mortgage Group and an Edmonton mortgage broker. He works with first-time buyers, renewals and pre-approvals across Alberta.
Sources
- CREA, REALTORS Association of Edmonton board statistics, August 2026, retrieved 2026-09-28, https://stats.crea.ca/board/edmo/
- CREB, Sales and new listings slow in August, retrieved 2026-09-28, https://www.creb.com/News/CREBNow/2026/September/August_2026_Stats/
- Lender rate survey, lowest advertised Canadian mortgage rates, retrieved 2026-09-28, https://wowa.ca/mortgage-rates
Data: August 2026, released September 2, 2026. This report is updated monthly.
