Edmonton Condo Real Estate Market November 2025

Average List Price Edmonton Condos

💰 Average Asking Price: Sellers Remain Optimistic

The average asking price for an Edmonton condo in November 2025 stood at $244,000, only slightly down from $246,000 in October. This minimal decline indicates that sellers remain confident in the market's long-term strength and are pricing their properties accordingly.

📌 Why It Matters:

• The market hasn’t seen any panic pricing or dramatic drops.
• Sellers still anticipate strong value retention.
• Buyers should be prepared to negotiate, but don't expect deep discounts unless a unit is overpriced or stale.

Edmonton Condo Sales

🏢 Condo Sales: Lower Month-Over-Month, But Still Stable

Condo sales in Edmonton dropped to 218 units in November, a slight decrease from October’s 261 sales. However, this seasonal softening is typical as winter approaches. While activity slows, serious buyers remain in the market, making this an excellent time for well-priced listings to shine with less competition.

If you're a seller, pricing your condo correctly and marketing strategically can still yield strong results—even during the colder months.

Edmonton Average Condo Sale Price

📉 Average Sale Price: Slight Dip But Strong Yearly Growth

The average sale price for a condo was $224,000 in November—down from October’s $228,000. Although we’re seeing a month-over-month decrease, the year-over-year trajectory is positive, with condo values up considerably compared to the same time in 2024.

This suggests that while we’re entering a seasonally slower market, condos continue to appreciate steadily over time—great news for investors and long-term buyers.

🔄 Ask-to-Sell Ratio: 91.8% Means Price Realism Is Key

November’s ask-to-sell ratio landed at 91.8%, down slightly from 92.7% in October. This metric reflects how close sellers are coming to their list prices. A ratio below 95% signals that negotiation remains part of the process—and it’s critical that listings are priced realistically from the outset to avoid long delays or significant price reductions.

Sellers should take note: pricing too high can lead to longer time on market and weaker offers.

Average Days on Market

⏱️ Days on Market: Still Under 70, Encouragingly Fast for Condos

The average days on market (DOM) was 68 days, holding steady compared to October. While this number might seem high compared to single-family homes, it is typical for the condo segment, where buyers often take more time to assess building condition, condo fees, amenities, and financials.

What’s important is that this number hasn’t spiked—suggesting that demand remains consistent, and properly marketed condos are still selling within 2–3 months.

📊 Year-to-Date Comparison – Condo Market 2025 vs 2024

Here’s a breakdown of how 2025 is shaping up compared to the same time last year:

📌 Key takeaways from this table:

• Condo prices are rising steadily year-over-year.
• More listings are coming online, suggesting higher seller confidence.
• Despite a slight dip in total sales, demand remains strong.
• The DOM is improving, meaning condos are selling faster than last year.

🔮 What to Expect Heading Into Winter

December and January typically bring the slowest periods in Edmonton’s condo market. However, this can create opportunity for motivated buyers, as many listings stay on the market longer and sellers are more willing to negotiate.

For sellers, this is a time to stand out with proper pricing, updated photos, and strong marketing. Consider refreshing your listing if it’s been active for more than 30 days with no offers.

For buyers, there’s less competition, so you can move strategically and perhaps secure favourable pricing or terms.

👨‍💼 Advice for Buyers

• 💡 Explore neighbourhoods like Downtown, Oliver, and Queen Mary Park for value and convenience.
• 📊 Use the DOM and ask-to-sell ratio data to make competitive offers without overpaying.
• 🏢 Ask your agent to review condo documents for reserve fund health, special assessments, and by-laws.
• 🏦 Lock in interest rates while they're still relatively low to secure affordability.

🏡 Advice for Sellers

• 📸 Update listing photos to include interior lighting and cozy winter staging.
• 🎯 Price strategically based on recent sales (not wishful thinking).
• 📍 Highlight proximity to LRT stations, river valley, shopping, and post-secondary schools.
• ⌛ If you're planning to sell in spring 2026, consider pre-listing in January/February to get ahead of the wave.

🏁 Final Thoughts: Condo Buyers and Sellers Still Have Leverage

While November marks a seasonal slowdown, the numbers show a condo market that is far from dormant. In fact, the Edmonton condo segment continues to outperform expectations in key metrics like price growth, DOM, and listing volume.

Whether you’re thinking of buying or selling a condo in Edmonton, the right strategy makes all the difference. As your local condo market expert, I’m here to help guide you through the process.

📞 Ready to Move Forward?

Have questions about your condo’s value or want to browse available listings?

📱 Call or text Chris Reid today at (780) 717-5267
📍 Century 21 Leading – Your Edmonton Condo Expert
🖥️ Let’s talk about your goals, timelines, and how to position you for success in this market.

Data provided by the REALTORS® Association of Edmonton and subject to change. Always consult with a real estate professional for the most current market information. 

Are you considering buying or selling or just interested in more information on the condo real estate market in Edmonton? CONTACT ME HERE 

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