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In February 2025, the Greater Edmonton Area real estate market saw 1,825 residential units sold, marking a 14.3% increase from January, although down by 7.1% compared to February 2024. New residential listings reached 2,723, up by 13.2% from January but down slightly by 0.4% from the same month last year. Overall, inventory in the Edmonton area grew by 11.4% month-over-month, although it’s still down by 13.4% compared to February 2024.

Breaking it down by property type, 1,015 detached homes were sold, an 18.6% increase from January, but 12.3% fewer than last year. Semi-detached sales were up 7.5% from January and 11.4% higher than February 2024, with 215 units sold. Row/townhouses saw a strong 23.4% increase from the previous month, as well as a 3.9% rise from last year. However, apartment condominium sales dropped 9.2% from last year and 0.3% from January.

The average price of a residential property in Edmonton was $449,554, up 2.6% from January and 10.5% higher than February 2024. Detached homes sold for an average of $567,913, a 1.2% increase from January and 11.9% higher than last year. Semi-detached homes averaged $420,786, a slight 0.1% decrease from the previous month, but up 8.9% compared to last year. Row/townhouses had an average price of $300,818, down 3.5% from January, but up 9.1% year-over-year. Apartment condos saw a significant 7.3% increase from January, averaging $217,373, and a 19.9% rise from the previous year.

The MLS® Home Price Index composite benchmark price in the Edmonton area stood at $428,800, reflecting a 2.3% increase from January and a 12.3% increase from February 2024.

Detached homes were on the market for an average of 39 days, a 12-day reduction from January. Semi-detached homes averaged 26 days on the market, 11 days less than the previous month. Row/townhouses took 28 days on average, down nine days from January, while apartment condos were on the market for 48 days, reflecting a nine-day decrease. In total, all residential listings spent an average of 37 days on the market, down 11 days from January and 13 days from February 2024.

Cochrane
In February, Cochrane saw a rise in both sales and new listings. Sales reached 75 units, and new listings climbed to 126, both higher than last year and above the long-term averages. Inventory increased by more than 48%, totaling 196 units— the highest seen since spring 2021, though still below typical February levels. This uptick in inventory brought the months of supply to 2.6 months, the highest since the pandemic, but still lower than historical levels. Despite tighter conditions, prices picked up, with the benchmark price increasing by over 5% year-over-year to $577,100.

Okotoks
In Okotoks, February saw a 4% decline in sales, with 45 units sold, but this was still in line with long-term trends for the month. New listings increased by 7%, reaching 60 units, though still below typical February levels. Inventory rose by 19% from 2024 to 69 units, but it was still much lower than the historical average for the month. With tighter inventory, the months of supply dropped to just 1.5 months, well below the usual February levels. Even with these tighter conditions, the benchmark price remained flat compared to January and was just slightly up by under 1% from last year.

Airdrie
The Airdrie market in February followed typical trends, with a slight dip in sales while new listings and inventories rose. Sales dropped by about 9%, totaling 123 units, while new listings increased by nearly 23%, reaching 225 units. This combination of fewer sales and more listings pushed inventory up to 345 homes, more than double what was seen last year. As a result, months of supply went up to nearly three months, which is in line with long-term averages and the highest level since before the pandemic. The benchmark price stayed stable at $537,600, only 1.6% higher than February 2024 but still below fall prices

Inventory levels saw a significant year-over-year increase for the second consecutive month, rising by 76% to 4,145 units in February. Most of the growth was in homes priced under $500,000, driven by an increase in more affordable apartments and townhouses. The overall months of supply remained steady at 2.4 months, double what it was a year ago. Apartment-style units had the most supply, at 3.1 months.

February saw 1,721 sales, which, while above average for the month, were 19% lower than last year and well below the post-pandemic peak. New listings reached 2,830, in line with typical February numbers. The sales-to-new listings ratio was 61%, higher than average but lower than the past three years.

While more homes were listed, fewer were sold compared to February 2024, signaling the easing of the seller’s market. This shift has slowed price increases, which is good news for buyers.

The unadjusted benchmark price for residential properties in February was $587,600, relatively stable compared to late 2024 and about 1% higher than last year. Prices varied across districts, with the City Centre and North seeing declines, while the East district saw the highest growth at over 3%.

For detached homes, sales dropped by nearly 20% to 765 units, but new listings rose by almost 6%. This led to a 61% increase in inventory, reaching 1,698 units. Prices rose across all districts, with the City Centre seeing the largest increase at nearly 8%. The benchmark price for detached homes was $760,500, up about 5% from last year.

In the semi-detached market, new listings increased by 7%, but sales dropped by nearly 14%, pushing inventories up by 46%. The benchmark price rose by 7% to $683,500, driven by gains across most districts, with the City Centre and South districts seeing the biggest increases.

Row housing saw a 9% drop in sales and a 4% increase in new listings, raising inventory to 655 units, more than double last year’s levels. The benchmark price increased nearly 3% year-over-year to $446,880.

For apartment condominiums, sales fell by 26%, but new listings reached a record high. Inventory rose by 90%, and the benchmark price increased by almost 4% to $334,200, with the West district seeing the most significant growth at over 8%.