Edmonton Condo Real Estate Market January 2026

Average List Price Edmonton Condos

🏷️ Average Asking Price Drops 9.01%

The average asking price decreased to $242,000, down 9.01% from January 2025.

This tells us sellers are adjusting expectations.

Possible reasons:

• Sellers pricing more realistically to match slower demand.
• Fewer luxury or high-end condo listings this month.
• Strategic pricing to attract early-year buyers.

Interestingly, even though asking prices dropped, sale prices increased — meaning accurately priced condos are still achieving strong results.

Edmonton Condo Sales

📉 Condo Sales Drop Sharply – But It’s Seasonal

There were 161 condos sold in January 2026, representing a 38.31% decrease compared to January 2025.

That may sound dramatic — and percentage-wise, it is — but context matters:

• January is historically one of the slowest months in Edmonton real estate.
• Weather, post-holiday fatigue, and mortgage renewals often delay buyer decisions.
• Many buyers wait for the spring market to gain momentum.

So while sales volume is down, this is not unexpected for this time of year.

What This Means:

• Buyers have less competition.
• Sellers must be strategic with pricing and presentation.
• The market is quieter — but serious buyers are still active.

Edmonton Average Condo Sale Price

💰 Average Sale Price Rises 5.25%

Here’s where things get interesting.

The average sale price climbed to $215,000, which is a 5.25% increase year-over-year.

Despite fewer sales, condos are selling for more money.

This tells us:

• Demand still exists for well-priced units.
• Buyers are paying strong values for desirable condos.
• The condo segment remains stable and appreciating.

The monthly sales price chart in the report shows a clear upward trend into January 2026, reinforcing the strength in condo values heading into the new year.

📊 Ask-to-Sell Ratio: 95.7%

The average ask-to-sell ratio is 0.957, meaning condos are selling for approximately 95.7% of list priceThat’s still healthy.

It indicates:

• Buyers are negotiating.
• Sellers are flexible.
• The market is balanced — not distressed.

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

Average Days on Market

⏳ Days on Market Increases to 106 Days

Condos took an average of 106 days to sell, up 17.78% from last year.

That’s over three months.

This is one of the most important stats for sellers.

Longer DOM means:

• Buyers are taking their time.
• Conditional periods may be longer.
• Price reductions become more common if listings sit too long.

Seller Strategy:

If you’re listing in Q1, pricing correctly from day one is critical. Overpricing will almost guarantee extended days on market.

📈 Year-to-Date Comparison (January 2026 vs January 2025)

Since this is the first month of the year, YTD mirrors monthly performance:

All data sourced from the January 2026 Edmonton Condo Market Report

Condos

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🔍 What This Means for Buyers in Edmonton

January is giving buyers:

✅ Less competition
✅ More negotiating power
✅ Strong long-term value
✅ Stable pricing trends

If you're a first-time buyer, investor, or downsizer, this is a calm market — not a chaotic one.

The key is focusing on:

• Well-managed buildings
• Healthy reserve funds
• Low condo fees relative to amenities
• Proximity to LRT, downtown, universities, and river valley

💼 What This Means for Sellers

If you’re selling in early 2026:

• Expect longer days on market.
• Expect negotiation.
• Expect buyers to be selective.

However:

• Sale prices are higher than last year.
• Inventory isn’t overwhelming.
• Proper pricing will still get results.

The condos selling right now are:

• Renovated
• Priced accurately
• Clean and staged
• In desirable neighbourhoods

🔮 What to Expect in Spring 2026

Historically, Edmonton’s condo market gains momentum starting in March.

If interest rates remain stable and buyer confidence improves:

• Sales volume should increase.
• Days on market should decline.
• Pricing may continue to edge upward.

January often sets the tone — and rising sale prices are a positive indicator.

🏁 Final Thoughts from Chris

The Edmonton condo market in January 2026 is quieter — but stable.

Sales volume is down significantly, but prices are holding and even rising. That’s not weakness — that’s resilience.

Whether you’re buying, selling, or just watching the market, having a strategy matters more than ever.

If you'd like to discuss:

• Your condo’s current value
• Timing your spring listing
• Investment opportunities
• First-time buyer options

📲 Call or text me, Chris Reid, at (780) 717-5267

Let’s build your 2026 plan together.

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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