Inventory is rising—what does that mean for new buyers?
May brought a noticeable change in Edmonton’s real estate landscape: inventory surged, price growth eased, and buyers finally gained a bit more leverage. If you’re a first-time home buyer looking for an opportunity, this might just be it.
📊 At a Glance: May 2025 Housing Stats
Here’s a breakdown of the number of sales by property type.
📌 Source: REALTORS® Association of Edmonton – May 2025
💰 Average Prices by Property Type
Below is a breakdown of average prices in May 2025, along with monthly and yearly changes:
⏱️ Days on Market Breakdown
Homes are moving slightly faster than last year, but increased inventory gives buyers more breathing room.
🧠 What This Means for First-Time Buyers
Here’s how the May 2025 trends benefit you if you're new to the market:
✅ More Choice
With nearly 5,000 new listings in May alone, buyers now have significantly more homes to choose from.
💵 Less Competition
While the market remains active, increased supply has eased bidding pressure on many listings—especially townhomes and condos. The single-detached market remains hot, especially at the more accessible, and more feverish, entry-level price point. If you’re looking for a single-detached home for under $500k, expect to still have to compete in a multiple-offer scenario.
📉 Slight Cooling of Prices
Prices dipped modestly month-over-month, particularly in more affordable categories like townhomes and apartments.
📍 Opportunity to Negotiate
Longer days on market and more inventory mean you may be able to negotiate on price, closing dates, or even ask for home inspection conditions.
📰 Edmonton Still a National Growth Leader
According to the Edmonton Journal, Edmonton continues to outperform many major Canadian cities when it comes to price growth and affordability.
Despite the increase in listings, demand remains strong, fueled by migration, job growth, and relatively low entry points compared to cities like Calgary or Vancouver.
❓ Edmonton Real Estate FAQ – June 2025
Q: Are prices in Edmonton going down?
A: Not exactly. While prices dipped slightly from April to May, they’re still significantly higher than a year ago.
Q: Is it a good time to buy?
A: For first-time buyers, yes. Rising inventory and less competition make this one of the most buyer-friendly environments we've seen in over a year.
Q: What’s the best deal right now?
A: Apartment condos and townhomes—these categories saw price drops and longer time on market, which could mean value opportunities.
Q: How do I start the buying process?
A: Begin with a mortgage pre-approval and connect with a trusted local REALTOR® (like me!) who can help guide you through listings, showings, and negotiations.
📌 Sources:
