Detached homes leading Edmonton's hot real estate market
May sales climbed as prices rose across the board, with single-family homes outpacing other property types.
Edmonton's real estate market picked up momentum in May, with sales jumping 3.2 per cent from April even as inventory surged. The Greater Edmonton Area recorded 2,557 sales last month, though activity remains down 13.4 per cent year-over-year.
Detached homes are the standout performers. They averaged $604,744, up 4.8 per cent from May 2025 — significantly outpacing condos and townhomes. Sales of detached properties climbed 6.4 per cent from April, and new listings jumped 19.5 per cent month-over-month.
Across all residential types, the average selling price rose 2.7 per cent to $491,794, up 6.3 per cent year-over-year. The MLS Home Price Index benchmark sits at $432,200, essentially flat from April but down 1.8 per cent annually.
Condominiums are struggling by comparison. Condo prices dropped 8.7 per cent from April to an average of $206,282, and year-over-year they're down 3.7 per cent. Sales increased slightly but remain 21.6 per cent lower than May 2025. "Condominiums in particular have seen weakening prices, as available inventory and competition has risen," said Darlene Reid, chair of the Realtors Association of Edmonton.
Semi-detached homes and row/townhouses showed mixed results. Semi-detached prices dipped 1.5 per cent annually to $433,478, while row/townhomes fell 1.2 per cent month-over-month but gained 0.9 per cent year-over-year to average $309,554. The data suggests buyers are gravitating toward more space even as affordability pressures persist.