REALTORS Association of Edmonton
Real Estate Board — Market Data & Trends
Overview
Board Report
Key Takeaways
May 2026- The MLS® Home Price Index (HPI) composite benchmark price in the GEA was $432,200, increasing 0.1% from April 2026 and decreasing 1.8% year-over-year.
- Inventory levels rose 13.4% from the previous month and are 23.9% higher than May 2025.
- Average selling price across all residential property types increased by 2.7% from the previous month to $491,794, a price 6.3% higher than May 2025.
- Sales for row/townhouse properties decreased by 10.8% month-over-month and were 34.7% lower year-over-year.
Source: REALTORS Association of Edmonton
A sales-to-new-listings ratio of 52.7% indicates moderate demand relative to supply. The market is balanced with healthy absorption of new inventory.
REALTORS Association of Edmonton Narrative
The Greater Edmonton Area (GEA) real estate market reported 2,557 sales in May 2026, increasing 3.2% in comparison to activity in April 2026 and decreasing 13.4% compared to May 2025. There were 4,855 new listings — a month-over-month increase of 21.7% and a year-over-year increase of 2.7%. Inventory levels rose 13.4% from the previous month and are 23.9% higher than May 2025.
Average selling price across all residential property types increased by 2.7% from the previous month to $491,794, a price 6.3% higher than May 2025. The MLS® Home Price Index (HPI) composite benchmark price in the GEA was $432,200, increasing 0.1% from April 2026 and decreasing 1.8% year-over-year.
"May saw steady price growth across our residential market, with the all-residential average price rising to nearly $492,000. Detached homes led the way with a 4.8% year-over-year price increase—significantly outperforming other housing types, which saw more modest gains or outright declines. Condominiums in particular have seen weakening prices, as available inventory and competition has risen.” Darlene Reid, 2026 Board Chair, REALTORS® Association of Edmonton
Data by Property Type
Detached home prices averaged $604,744, increasing 2.6% from April 2026 and 4.8% from May 2025. Detached sales increased 6.4% from the previous month but decreased 8.1% compared to sales in May of last year. New detached listings increased 19.5% month-over-month and 2.9% year-over-year.
Semi-detached new listings increased 11.1% from the previous month and showed in increase of 22.8% year-over-year. Sales increased by 5.3% compared to April 2026 and 4.2% compared to May 2025. The semi-detached average price was $433,478, rising 2.3% from April but decreasing 1.5% from May 2025.
Row/townhomes prices decreased 1.2% from last month but increased 0.9% from May 2025, averaging $309,554. New listings were up 6.4% from April and 3.8% from May 2025. Sales for row/townhouse properties decreased by 10.8% month-over-month and were 34.7% lower year-over-year.
Apartment condominiums sales increased 2.2% in May, but sold 21.6% fewer units than the previous year. New listings increased 11.4% month-over-month and decreased 7.5% year-over-year. Condominium prices averaged $206,282 during May 2026—decreasing 8.7% from April and 3.7% compared to May 2025.
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Market Balance
Demand moderately exceeds supply — conditions favor sellers.
Source: REALTORS Association of Edmonton via CREA MLS
Period: May 2026
Market statistics are provided for informational purposes only and may not reflect all real estate activity in the market. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA). Past performance does not guarantee future results. Consult a licensed real estate professional for specific advice.