Edmonton Real Estate Market Update – January 2026

January often sets the tone for the year ahead — and 2026 is off to a fascinating start.

Here are the key numbers from the REALTORS® Association of Edmonton January report:

Sold Properties: 803 (↓ 32.46% year-over-year)
Average Asking Price: $482,000 (↓ 0.38%)
Average Sale Price: $429,000 (↑ 1.19%)
New Listings: 1,880 (↑ 3.02%)
Days on Market: 92 days (↑ 29.58%)
Ask-to-Sell Ratio: 0.973 (↓ 1.27%)

While sales volume saw a significant drop compared to January 2025, pricing remains surprisingly stable — and even slightly stronger on the sold side.

Let’s break this down.

Below Graphs Are Interactive.

Edmonton New MLS® Listings

📈 New Listings: Supply Creeping Up

There were 1,880 new listings in January, a modest 3.02% increase year-over-year.

More listings + fewer sales = rising inventory pressure.

This gives buyers:

More choice
More time
More leverage in negotiation

It also means sellers need to:

Price accurately
Stage properly
Market strategically

The “list it and it will sell instantly” phase is clearly behind us.

Average List Price Edmonton Real Estate Market

💲 Average Asking Price: Cooling Slightly, But Stable

The average list price in Edmonton in December was $417,290, down 3.9% from November’s $434,006. This dip is a normal market rhythm as sellers become more motivated to close deals before year-end, especially after a long fall market.

Over the course of the year, however, asking prices have shown moderate appreciation—up 2.9% compared to 2024 YTD, signalling that seller confidence remains healthy despite small monthly fluctuations.

Home Sales In The Edmonton Real Estate Market

🏠 Home Sales: A Slower Start to 2026

In January 2026, 803 residential properties sold in Edmonton — down from 1,189 in January 2025.

That’s a 32.46% decrease year-over-year.

This is a notable shift and reflects:

Buyers adjusting to interest rate expectations
Seasonal slowdown after a strong Q4
Increased selectivity among purchasers
More negotiation happening in the market

However, January is historically one of the slower months of the year. The real story will unfold in February and March as spring activity ramps up.

Edmonton Average Home Sale Price

💰 Average Sale Price: Still Climbing

Despite lower sales volume, the average sale price increased to $429,000, up 1.19% from January 2025.

This is important.

When sales drop but prices rise, it suggests:

Sellers are not panicking
Buyers are still paying fair value
Inventory is not overwhelming the market
The underlying market fundamentals remain strong

Edmonton continues to demonstrate stability compared to many larger Canadian cities that experienced more volatile corrections.

📉 Ask-to-Sell Ratio: More Negotiation

The average ask-to-sell ratio dropped to 0.973, down from 0.985 last January.

That means homes are selling at about 97.3% of list price, compared to 98.5% last year.

This widening gap confirms:

Buyers are negotiating
Conditions are slightly shifting toward balance
Overpriced homes are sitting longer

The Edmonton market is not crashing — it is recalibrating.

Edmonton Real Estate Market -Average Days

⏳ Days on Market: A Big Jump

One of the most significant changes in January was the increase in days on market, which rose to 92 days, up 29.58% from 71 days last year.

That’s a substantial increase.

Longer DOM typically signals:

Buyers taking more time
More competition among listings
Negotiations becoming more common

However, this does not mean homes aren’t selling — it simply means pricing strategy matters more than ever.

📊 Year-to-Date Comparison Table (January Only)

Since January is the first month of the year, YTD equals monthly totals:

Metric	2026 YTD	2025 YTD	% Change
Sold Properties	803	1,189	↓ 32.46%
Average Asking Price	$482,000	$484,000	↓ 0.38%
Average Sale Price	$429,000	$424,000	↑ 1.19%
New Listings	1,880	1,820	↑ 3.02%
Days on Market	92	71	↑ 29.58%
Ask-to-Sell Ratio	0.973	0.985	↓ 1.27%

🔎 What Does This Mean for Buyers?

If you’re buying in Edmonton right now:

✔️ You have more leverage
✔️ You have more time to decide
✔️ You can negotiate price and conditions
✔️ You are not competing in 10-offer bidding wars

But here’s the catch:

Prices are still rising modestly.

That means waiting may not save you money long term — it may just give you slightly better negotiating terms today.

This is a strategic buyer’s window.

🏠 What Does This Mean for Sellers?

If you’re selling in early 2026:

Pricing correctly is critical
Professional marketing matters more than ever
Homes that show poorly will sit
Buyers expect value

However, serious buyers are still active.

Well-priced homes are still selling.

And with spring approaching, momentum can shift quickly.

📈 Where Is the Edmonton Market Heading?

Based on these January numbers, here’s what I anticipate:

February and March will show sales recovery.
Days on market will decline as spring activity increases.
Prices will remain stable with gradual appreciation.
Inventory will rise slightly before tightening in late spring.

Edmonton continues to benefit from:

Interprovincial migration
Relative affordability
Economic resilience
Strong rental demand

The fundamentals remain intact.

🎯 Strategic Advice for Q1 2026

Buyers:

Lock in pre-approval early
Negotiate confidently
Don’t wait too long if you find the right property

Sellers:

Prepare now for spring
Consider listing before March competition rises
Invest in staging and professional photography

🏁 Final Thoughts

January 2026 did not signal a market crash.

It signaled a market reset.

Sales volume dropped, yes — but prices held steady.

Inventory rose modestly — but not excessively.

Negotiation increased — but not dramatically.

Edmonton is moving toward a balanced, sustainable market.

And that’s healthy.

If you’re thinking about buying, selling, investing, or building in Edmonton, let’s create a strategy tailored to you.

📞 Call or text me directly at (780) 717-5267
Chris Reid | Century 21 Leading

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.

Looking to buy or sell in Edmonton? CONTACT CHRIS REID

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