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.