Edmonton Condo Real Estate Market February 2026

Average List Price Edmonton Condos

Sellers Adjust Asking Prices

The average asking price in February was $237,000, which is 2.65% higher than the same time last year. This indicates that many sellers remain confident in their property values despite the slower winter market.

However, the gap between asking price and selling price shows that buyers are still negotiating. Sellers who price their condos competitively tend to attract stronger interest and ultimately achieve better results.

Strategic pricing continues to be one of the most important factors when selling a condo in Edmonton’s current market conditions.

Edmonton Condo Sales

Condo Sales Activity in Edmonton

In February 2026, 232 apartment-style condos sold in Edmonton, representing a 10.08% decrease compared to February 2025. While this decline may initially appear significant, it is important to consider the broader seasonal context.

Winter months typically see lower transaction volume as many buyers wait until spring to begin their home search. The February report also shows that sales activity improved compared to January levels, suggesting that momentum is slowly building as the market approaches the busy spring season.

Lower sales volume can actually benefit buyers because it reduces competition and allows for more negotiation flexibility. For sellers, it highlights the importance of proper pricing and strong marketing strategies.

Edmonton Average Condo Sale Price

Average Condo Sale Prices Remain Stable

The average sale price for an Edmonton apartment condo in February was $207,000, which represents a 1.94% decrease compared to February 2025. Despite this small decline, condo values remain relatively stable overall.

Over the past several years, Edmonton’s condo market has demonstrated steady price stability compared to many other major Canadian cities. This consistency is one of the reasons Edmonton continues to attract real estate investors looking for long-term value.

While monthly fluctuations occur, the overall price trend remains relatively balanced and reflects a market that is adjusting rather than declining.

Ask-to-Sell Ratio Shows Balanced Negotiation

The average ask-to-sell ratio for February was 0.956, meaning condos sold for about 95.6% of their asking price. This ratio reflects a balanced market where buyers have room to negotiate but sellers are still achieving strong values. The Edmonton condo market is not experiencing heavy discounting, which is a positive sign for long-term price stability.

Average Days on Market

Condos Are Taking Longer to Sell

The average days on market increased to 97 days, which is 19.75% longer than the same time last year. This means condos are now taking just over three months to sell on average.

Longer days on market are often seen during winter months when buyer activity is slower. However, properties that are priced correctly and marketed effectively can still sell much faster than the average.

For sellers, this statistic highlights the importance of launching listings with the right pricing strategy rather than making multiple price reductions later.

Below is a summary of the year-to-date condo statistics for 2026 compared to 2025.

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What This Means for Buyers

The February market offers several advantages for buyers looking at Edmonton condos. Increased inventory means there are more choices available across different neighbourhoods and price ranges. Buyers may also have more negotiating flexibility because properties are taking longer to sell.

This can be an excellent time for first-time buyers to enter the market, particularly those seeking affordable housing options near downtown, the University of Alberta, or major transit routes.

What This Means for Sellers

Although the number of sales is lower compared to last year, condos that are priced properly and marketed effectively are still selling. Sellers should focus on presenting their property well and ensuring their pricing aligns with current market conditions.

As we move closer to the spring market, activity is expected to increase. Sellers who prepare their property early may benefit from increased buyer demand in the coming months.

Edmonton Condo Market Outlook for Spring 2026

Looking ahead, the Edmonton condo market appears to be gradually building toward the spring real estate season. Increased listings suggest that more sellers are preparing to enter the market, while improving weather and buyer confidence could help boost activity.

Edmonton continues to offer strong value compared to other Canadian housing markets, making condos an attractive option for both homeowners and investors.

Thinking About Buying or Selling a Condo in Edmonton?

If you’re considering buying or selling a condo in Edmonton and want to understand what these numbers mean for your specific situation, I’d be happy to help.

📞 Call or text Chris Reid at (780) 717-5267

With extensive knowledge of the Edmonton real estate market, I can help you navigate the buying or selling process with confidence.

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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