Edmonton Condo Real Estate Market March 2026

Average List Price Edmonton Condos

Asking Prices Continue to Ease

The average asking price dropped to $232,000, down 2.36% year-over-year .

This aligns with what we’re seeing in sale prices — sellers are becoming more realistic and pricing closer to market value.

This is a healthy adjustment and often leads to:

• Faster sales for correctly priced units
• Fewer price reductions later
• More efficient transactions overall

Edmonton Condo Sales

Condo Sales Activity Picks Up, But Still Trails Last Year

In March 2026, 297 condos sold in Edmonton, which is a 17.50% decrease compared to March 2025 .

While sales are down year-over-year, this is actually an improvement from January and February activity levels. This tells us that the spring market is beginning to gain traction, even if it hasn’t reached last year’s pace.

What this means:

• Buyers are re-entering the market
• Momentum is building heading into April and May
• Competition is still lower than typical spring conditions

Edmonton Average Condo Sale Price

Condo Prices Adjust Slightly in March

The average sale price in March was $205,000, representing a 4.88% decrease compared to last year .

This is one of the more notable shifts this month. After relatively stable pricing earlier in the year, we’re now seeing some downward pressure on condo prices.

However, this doesn’t signal a major decline — rather:

• Buyers are becoming more price-sensitive
• Sellers are adjusting expectations
• The market is finding a new balance point

Ask-to-Sell Ratio Remains Strong

The ask-to-sell ratio is 0.964, meaning condos are selling for about 96.4% of their list price .

This is still a healthy number and shows:

• Sellers are achieving close to asking price
• The market is balanced — not distressed
• Negotiation is present, but controlled

Average Days on Market

Days on Market Improves, But Still Elevated

Condos took an average of 82 days to sell, which is 17.14% longer than March 2025 .

While this is an improvement compared to February, properties are still taking longer to sell than last year.

Important insight:

• Well-priced condos are still selling quickly
• Overpriced listings are sitting longer
• Buyers are taking more time to make decisions

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

What This Means for Buyers

March is shaping up to be a strong opportunity for buyers in Edmonton’s condo market.

Buyers currently benefit from:

• More listings to choose from
• Less competition than peak spring markets
• Slightly softer pricing
• Negotiation opportunities

If you’ve been waiting for the right time to enter the market, this is one of the more favourable conditions we’ve seen in the past year.

What This Means for Sellers

For sellers, the March market requires a more strategic approach.

To succeed:

• Price your condo correctly from day one
• Ensure your unit shows well (clean, staged, updated)
• Use strong marketing (photos, exposure, positioning)

The condos that are selling right now are the ones that stand out — not the ones testing the market.

Edmonton Condo Market Outlook – Spring 2026

As we move into April and May, we expect:

• Increased buyer activity
• More listings entering the market
• Stabilization in pricing
• Gradual reduction in days on market

The Edmonton condo market is not declining — it’s adjusting into a more balanced environment after stronger years.

Thinking About Buying or Selling a Condo?

Whether you're buying your first condo, investing, or planning to sell, having a clear strategy in today’s market is key.

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

Let’s build a plan that works for your goals in the current Edmonton 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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