Real Estate Market Report | Edmonton | February 2025
Demand Rises, Supply Shrinks
With the looming threat of US tariffs on the horizon, homebuyers are looking to see what the final implications may be – the good news is that selling with Bōde mitigates that risk entirely by maximizing your equity, you’ll outperform traditional methods of buying and selling.
We help provide home buyers and sellers with the data they need to be successful. When you have access to accurate and relevant data, you can be more confident in setting the price of your home and selling it or buying at the right price.
With many important factors to consider (what kind of home you have, what community etc.), it’s important to look specifically at what the housing market is doing in your neighbourhood.
Bōde sellers are more successful and actually make more money, on average, than the rest of the market. We are also here to make sure you have the information you need to make the decisions that are right for YOU!
So what's happening in the Edmonton real estate market as of February 2025?
Let’s start with a Macroeconomics view
To understand what’s happening in the real estate market you have to look at supply and demand.
The best proxies for supply and demand are:
Supply
New supply: New Listings (i.e. the number of homes recently listed for sale)
Total supply: Inventory (i.e. the total number of homes listed for sale)
Demand
Sales (i.e. the number of homes recently sold)
Supply & Demand
Months of Supply (i.e. the number of months it would take to sell all current inventory at the current rate of sale)
These metrics are the best indicators of the health of the real estate market. Let’s look at what they show us.
Overall Edmonton Market
Over the past five Januarys, Edmonton’s real estate market has tightened considerably. Sales have surged 22%, while new listings have only increased by 6%, leading to a sharp 21% decline in inventory and a 39% drop in months of supply. This growing demand has supported price appreciation, with the benchmark price now at $412,200 and an HPI of 244. The rapid inventory decline signals strong absorption rates, particularly in the attached and apartment segments, where demand has significantly outpaced new supply.
Edmonton's Detached Homes
Detached homes in Edmonton have seen an 11% rise in sales over the past five Januarys, while new listings have increased by 9%. This suggests steady demand that is outpacing supply growth, keeping prices elevated at $479,900, with an HPI of 248. As inventory declines in the overall market, detached homes remain a competitive segment, with limited availability likely to support further price growth.
Edmonton's Apartments
Edmonton’s apartment sector has seen new listings drop 21% over the past five Januarys, while sales have jumped 20%. This supply crunch has helped stabilize prices, with the benchmark price at $198,800 and an HPI of 187. The declining listing volumes indicate a potential supply bottleneck, which could push prices higher if demand continues to grow. Apartments are becoming an increasingly attractive option for first-time buyers and investors, given their relative affordability compared to other property types.
Edmonton's Attached Homes
The attached market has seen explosive demand growth over the past five Januarys, with sales surging 65% while new listings have risen 49%. This has driven prices up to $281,900, with an HPI of 245. Townhomes and duplexes are becoming the preferred choice for buyers seeking affordability and space, especially as detached prices rise. If demand remains elevated, this segment could continue experiencing rapid appreciation.
It’s critical to understand the dynamics in your local property market
To understand your local property market you need to look at your local data. Head over to Bōde’s new and improved Market Data dashboard, the only place where you can see all the data yourself, including being able to filter on community, property type, and price range to see exactly what’s happening where you live.
You can also see the sold price of any home that has sold in the last 2 years using Bode’s Sold Data page.
If you’re thinking about selling, take a look at how Bōde helps sellers sell for 1.3% higher prices while paying 50% less commission.
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