February 2026 Market Report: REALTORS® Association of Edmonton Sees Balanced Market with Increased Sales

REALTORS Association of Edmonton — February 2026

The REALTORS® Association of Edmonton reports that the Greater Edmonton Area (GEA) real estate market recorded 1,606 sales in February 2026, a significant increase of 39.7% from January 2026. While the average price rose to $454,801, this reflects a year-over-year decrease of 1.9% from February 2025.

Market Analysis

February 2026 marks a notable uptick in sales activity within the GEA, with total sales reaching 1,606, a 39.7% increase from the previous month. Despite this surge, sales are down 11.5% compared to February 2025, indicating a fluctuating demand landscape. New listings also saw a robust increase, totaling 3,020, which is 23.6% higher than January and 15.4% higher than the same month last year. This influx of new listings has contributed to a balanced market condition, with a Sales-to-New-Listings Ratio (SNLR) of 53.2%. This suggests that while demand is strong, supply is keeping pace, preventing significant price escalations.

Property Type Analysis

In terms of property types, the detached market continues to show resilience, with average prices rising to $571,372, a 2.7% increase from January 2026 and a 1.1% increase year-over-year. However, sales in this category are down 12.4% compared to February 2025. Conversely, attached and townhouse properties have experienced a 43.4% increase in sales from January, although they remain 1.9% lower than last year. Apartment condominiums have seen a mixed performance, with sales up 42.8% month-over-month but down 11.9% year-over-year, reflecting ongoing challenges in this segment despite a rise in new listings.

Regional Highlights

Regionally, the GEA shows signs of seasonal activity as the market transitions into spring. The increase in new listings by 15.4% year-over-year indicates a growing willingness among homeowners to enter the market, which may help alleviate some of the inventory pressures seen in previous months. Additionally, the overall increase in average selling prices across most property types suggests a gradual recovery in buyer confidence, particularly in the detached and attached home segments.

For Buyers

For prospective buyers, the current market presents a balanced environment with ample new listings to choose from. Buyers are encouraged to act promptly, as the increase in sales activity may lead to more competitive bidding scenarios in the coming months. It is advisable to work closely with a REALTOR® to navigate the available options and secure favorable terms.

For Sellers

Sellers should take advantage of the current market dynamics, as the increase in new listings provides an opportunity to attract motivated buyers. Setting a competitive price based on recent market trends and working with a REALTOR® can enhance visibility and lead to quicker sales. Additionally, presenting properties in optimal condition can further entice potential buyers amid the growing competition.