REALTORS® Association of Edmonton

There were 1,825 residential unit sales in the Greater Edmonton Area (GEA) real estate market during February 2025, a 14.3% monthly increase from January 2025 and a 7.1% decrease from February 2024. New residential listings amounted to 2,723, up 13.2% from January 2025 and down 0.4% from the previous year. Overall inventory in the GEA increased 11.4% month-over-month, though levels remain lower year-over-year, decreasing 13.4% from February 2024.

The total number of Detached units sold was 1,015, an increase of 18.6% over the previous month and 12.3% lower than the previous year. Semi-detached sales increased 7.5% month-over-month and 11.4% higher year-over-year, moving 215 units last month. Row/Townhouse unit sales increased 23.4% compared to January 2025 and recorded 3.9% more sales than February 2024. Apartment Condominium unit sales were down 9.2% from the previous year and 0.3% from the previous month.

Total residential average prices came in at $449,554, increasing 2.6% from the previous month and reflecting an overall growth of 10.5% compared to February 2024. Detached home prices averaged $567,913, an increase of 1.2% from January 2025 and 11.9% higher than the previous year. Semi-detached units sold for an average of $420,786, a decrease of 0.1% from the last month and showing an increase of 8.9% year-over-year. Row/townhouse prices were down 3.5% from January 2025 but measured 9.1% higher than last year, with an average selling price of $300,818. Apartment Condominium average prices rose 7.3% from January 2025 to $217,373 and ended the month 19.9% higher than the previous year.

The MLS® Home Price Index (HPI) composite benchmark price* in the GEA was $428,800, increasing 2.3% from January 2025 and up 12.3% from February 2024.

“There’s been a definite shift in the market over the past month towards an early spring market,” says REALTORS® Association of Edmonton 2025 Board Chair Darlene Reid. “REALTORS® know that prices will increase as the season gets busier and new inventory tends to decrease. If they are representing buyer-clients, they’re likely warning them to be ready to move fast when the right property comes up.”

Detached homes averaged 39 days on the market, a significant 12-day decrease from January 2025. Semi-detached homes decreased by 11 days, with properties averaging 26 days on the market. Row/townhouses decreased nine days to 28, while Apartment Condominiums averaged 48 days on market, reflecting a nine-day decrease as well. Overall, all residential listings averaged 37 days on the market, equating to an 11-day month-over-month decrease and a 13-day decrease compared to February 2024.

*_Please note – Each year, in line with statistical best practices, the MLS® HPI undergoes a comprehensive review by Canadian Real Estate Association (CREA). The results can lead to changes in the available data and historical composite or aggregate benchmark prices could be revised higher or lower. Learn more here or see the FAQ document here.

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